Loading...
Buying your first home in Murray, Utah: down payment assistance, what you need at closing, and the current median price and days on market.
Ondo pairs neighborhood-level pricing, prep, and negotiation support with the realities of a $445K median home market in Murray.
Nearby Coverage
Buying your first home in Murray is one of the biggest financial decisions you'll make, and the local market rewards buyers who are prepared. With a median home price of $445,000 and homes averaging 21 days on market, Murray moves at a pace that requires pre-approval, clear priorities, and an agent who knows the area. First-time buyers in Murray often work near Intermountain Medical Center or Zions Bancorporation, earning around the Murray median household income of $62,000. Utah Housing Corporation offers down payment assistance grants and second mortgages that can cover your 3.5% FHA or 3% conventional down payment, making homeownership possible sooner than you think.
Murray has a well-rounded daily life that combines urban convenience with neighborhood charm. Morning commuters hop on TRAX at Murray Central station for a 15-minute ride to SLC or take I-15 in either direction. The Fireclay District and Murray's historic downtown offer evening dining, from craft burgers to ramen to Murray's beloved Greek restaurant scene. Fashion Place Mall handles major shopping needs. The Jordan River Parkway runs through Murray for cycling and running, and Wheeler Farm, a working farm with free admission, is a weekend amenity. Murray Fun Days in summer and the Park Center holiday events keep the community calendar full year-round.
Median Home Price
$445K
Median Rent
$1,500/mo
Population
52,000
Annual Growth
1.4%
Avg Days on Market
21
Owner-Occupied
58%
Ondo city medians as of Aug 2026 — verify. Not an MLS pull, appraisal, BPO, or CMA. Population and annual growth are approximate and are not tied to a named public source here. Check the U.S. Census Bureau for official figures.
We review your income, savings, credit, and monthly expenses to determine a realistic home budget. We explore all available programs: FHA, conventional, VA, USDA, and Utah Housing down payment assistance: to find the combination that minimizes your out-of-pocket costs.
Using your budget and priorities, we search for homes that match your needs. Our agents provide local insight on neighborhoods, commute patterns, school quality, and resale value. When you find the right home, we craft a competitive offer strategy.
We guide you through home inspection, negotiate any needed repairs, coordinate your loan closing, and ensure you understand every document you sign. From offer to keys, we're with you at every step.
School District: Murray School District
Notable schools: Murray High School, Hillcrest Junior High, Liberty Elementary
Centrally located city with its own school district, major hospital campus, and TRAX light rail connectivity.
Outdoor Activities
Local Landmarks
It depends on your loan type and whether you qualify for down payment assistance. FHA loans require 3.5% down, conventional loans start at 3%, VA loans require zero down, and USDA loans require zero down in eligible areas. Utah Housing Corporation offers grants and forgivable second mortgages that can cover your entire down payment and some closing costs. We help you identify every available program to minimize your out-of-pocket costs.
Ask a lender about a documented pre-approval before you shop. A letter can clarify a budget range and which programs might fit. It does not tell you that you will qualify or lock a payment. Sellers often want to see a letter. We can connect you with lenders who work with first-time buyer programs.
From pre-approval to closing typically takes 45–90 days, depending on how quickly you find a home and your loan type. The home search itself varies, some buyers find a home in a week, others take several months. Once you're under contract, expect 30–45 days to close for conventional and FHA loans, and 45–60 days for VA and USDA loans. We set realistic timelines based on your specific situation.
Plan for closing costs (2–4% of the purchase price), home inspection ($350–500), appraisal fee ($400–600), homeowner's insurance (first year paid at closing), and moving expenses. Some of these costs can be negotiated as seller concessions. We provide a detailed cost estimate early in the process so there are no surprises.
Intermountain Medical Center employs thousands of workers across all shifts, doctors, nurses, technicians, administrators, and support staff. This creates a deep, year-round demand pool for rentals in Murray. Travel nurses on 13-week assignments create a furnished rental niche. Permanent staff prefer proximity to minimize commute time, especially those on early or late shifts. Properties within 10 minutes of the hospital offer a short commute to Intermountain Medical Center. The hospital's institutional stability insulates Murray's rental market from broader economic volatility.
The Fireclay District is an emerging arts and commercial zone in Murray, centered around the redevelopment of the historic fireclay manufacturing area. It features local restaurants, galleries, event spaces, and Murray's growing craft food scene. The district is evolving into a walkable destination that gives Murray cultural identity beyond the mall and hospital. For investors, proximity to Fireclay adds walkable restaurants, galleries, and foot traffic that support rent and occupancy.
Yes, Murray City School District is one of Utah's few city-operated districts, separate from Granite and Canyons school districts that serve surrounding areas. It is small and separately governed from Granite and Canyons. Continuity of a school year can support renewals when a tenant already lives in the zone.
View available times and book a free 30-minute consultation
Send details for notary, loan signing, property questions, or anything that needs a follow-up from our team.