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Market MapMurray, KY
Metropolitan Area

Murray, KY

Kentucky0
56
/100
Hold
#617 of 894 metros
Top 69% nationally for investing

Market Snapshot

$169,425
Median Home Price
33% below national median
$1,184/mo
Median Rent
15% below national median
8.38%
Rent-to-Price Ratio
Top 8% nationally
-$119
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$169,425
Down Payment (20%)$33,885
Loan Amount$135,540
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,184
Monthly P&I-$888
Est. Expenses (35%)-$414
Net Cash Flow-$118/mo
5.5%
Cap Rate (all cash)
-3.6%
Cash-on-Cash Return
8.38%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 5.5% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
56/100
56
Cash Flow(30%)
84/100

Based on 8.38% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
0/100

Based on -24.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
94/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (8.38%)
  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Declining home values (-24.0% YoY)
  • -Negative leverage (cap rate 5.5% < mortgage rate 6.9%)

Counties in Murray, KY

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Arkadelphia, AR
Arkadelphia, AR
76$165,028Est.Strong BuyView
Borger, TX
Borger, TX
76$125,351$1,0009.57%Strong BuyView
Marietta, OH
Marietta, OH
76$187,264$1,2508.01%Strong BuyView
Fremont, OH
Fremont, OH
76$190,301Est.Strong BuyView
Bartlesville, OK
Bartlesville, OK
76$184,820$1,2107.86%Strong BuyView
Current
Murray, KY
56$169,425$1,1848.38%Hold

The Bottom Line

HoldMurray, KY is a neutral market. Consider house hacking or targeting below-market deals in specific counties.

The Murray, KY metro area scores 56/100, ranking #617 of 894 US metros (top 69%). The 8.38% rent-to-price ratio exceeds the 1% rule target, suggesting strong cash flow potential across the metro.

Monthly Cash Flow
$-119/mo
Cap Rate
5.5%
Cash-on-Cash
-4.2%

Ready to Invest in Murray, KY?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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