Murray County, Oklahoma Housing Market Prices
Murray County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price About the same as the Oklahoma median$133,536
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Median rent 13% below the Oklahoma median$880
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Murray County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $133,536 | $133,462 | $248,835 |
| Price Trend (Annual %) | 5.7% | 5.4% | 7.5% |
| Median Gross Rent | $880 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Murray County is about the same as in Oklahoma. Rent is about 13% lower than the Oklahoma average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Murray County, up about 5.7% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Murray County rose about 41.7% between 2015 and 2024, from $621 to $880. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Murray County.
Buying the median-priced home in Murray County costs roughly 12.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Murray County. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Murray County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $133,536 | $133,462 | $248,835 |
| Median Household Income | $66,725 | $65,606 | $80,455 |
| Price-to-Income Ratio | 2.0 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Murray County rose about 51.4%, while median household income rose about 51.8% between 2009 and 2025 — keeping pace with each other.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Murray County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.5% | 57.9% | 58.5% |
| Rental Rate | 21.1% | 30.1% | 31.2% |
| Vacancy Rate | 24.4% | 12.0% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Murray County has a homeownership rate of 54.5%, lower than the Oklahoma average of 57.9%. Its housing vacancy rate is 24.4%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Murray County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.69 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1981 | 1981 | 1978 |
| Median Number of Rooms | 5.4 | 5.5 | 5.5 |
The typical housing unit in Murray County was built around 1981. On average, 2.7 people live in a home with about 5.4 rooms, staying for about 16.0 years on average.
Murray County, OK Housing Compared With Nearby Counties
Murray County, OK is the smallest of the 4 counties compared here, 13,753 residents against a local median of 38,234. The measure that sets Murray County, OK apart most is median home price: $133,536, 78% above the local median of $74,826.
The counties themselves spread $98,115 on median home price, so Murray County, OK sits at one end of an already wide local range rather than apart from it. Murray County, OK has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Murray County, OK | 13,753 | $133,536 #2/4 | $880 #3/4 | 72.1% #2/4 |
| Carter County, OK | 48,553 | $74,826 | $980 | 66.8% |
| Pontotoc County, OK | 38,234 | $74,000 | $888 | 66.0% |
| Marshall County, OK | 15,792 | $172,115 | $823 | 77.6% |
Frequently Asked Questions
Common questions about the housing market in Murray County, Oklahoma.
What is the median home price in Murray County, Oklahoma?
The median home price in Murray County, Oklahoma is $133,536, about the same as the Oklahoma average.
What is the average home price in Murray County, Oklahoma?
The typical home price in Murray County, Oklahoma, reported as the median sale price, is $133,536. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Murray County, Oklahoma?
The median gross rent in Murray County, Oklahoma is $880 per month, lower than the Oklahoma average of $1,014.
What was the median gross rent in Murray County in 2020?
In 2020, the median gross rent in Murray County, Oklahoma was $748 per month.
What is the price-to-rent ratio in Murray County, Oklahoma?
The price-to-rent ratio in Murray County, Oklahoma is about 12.6, meaning it would take roughly 12.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Murray County.
Are home prices or rent rising faster in Murray County, Oklahoma?
Both home prices and rent are rising in Murray County, up about 5.7% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Murray County, Oklahoma?
54.5% of households in Murray County, Oklahoma own their home, lower than the Oklahoma average of 57.9%.
What is the vacancy rate in Murray County, Oklahoma?
The housing vacancy rate in Murray County, Oklahoma is 24.4%, higher than the Oklahoma average of 12.0%.
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