What are homes worth in Murray right now?
Murray homes sold for a median price of $539,000 in May 2026, per Movoto, while the Salt Lake County single family median reached a record $645,000 in Q2 2026, up 4.88% year over year per the Salt Lake Board of Realtors.
Murray's median runs below the county number because the city mixes condos and older cottages with larger family homes, so the spread around that midpoint is wide. A certified home appraiser measures your specific house value against true Murray comps rather than a valley average.
“Murray is the exact center of the Salt Lake Valley, and its mix of 1950s ramblers and brand new transit townhomes is why a real appraisal beats any algorithm here.”
What drives property value in Murray?
Murray sits at the geographic center of the Salt Lake Valley, where I-15 meets I-215, and that location anchors demand. Intermountain Medical Center, a 100 acre hospital campus with more than 6,000 caregivers, is the city's dominant employer and keeps buyers competing for homes within a short commute. Fashion Place mall and Murray Park support values in the surrounding blocks, and the city runs its own school district, a long standing draw for families. Housing spans 1950s and 1960s brick ramblers, mid century cottages, and new townhomes rising near Murray Central Station, where TRAX and FrontRunner meet beside the hospital. The Murray City Center District plan is steadily remaking the old downtown blocks along State Street. For an appraiser, the gap between a dated rambler and a fully renovated one on the same street is exactly where local comp selection earns its keep.
When do you need a home appraisal in Murray?
Most Murray appraisals support a mortgage: a purchase or a refinance appraisal for a lender. Owners also order them to drop PMI, since the CFPB confirms you can request cancellation once your loan hits 80% of original value and servicers often require an appraisal as evidence. Apex also handles estate appraisal and date of death valuations, divorce appraisal work, pre listing appraisals before you set a price, and valuations to appeal a Salt Lake County property tax assessment. Weston is FHA approved, so FHA appraisal assignments in Murray are routine.
Questions people ask us in Salt Lake County
What is my house worth in Murray?
Murray's median sold price was $539,000 in May 2026, and the countywide single family median hit a record $645,000 in Q2 2026. Those are midpoints, not your number. A certified residential appraiser inspects your home, selects real Murray comps, and adjusts for condition, lot, and updates. Call Apex Appraising at (801) 403-7723 for your actual property value.
What is the 2026 FHA loan limit in Murray?
The 2026 FHA loan limit for a one unit home in Salt Lake County, which includes Murray, is $637,100 per LendingTree's compilation of HUD limits. That ceiling covers most Murray homes at the current median. Weston Groll is an FHA approved appraiser, so FHA purchases and refinances in Murray move without delay.
Is a Zestimate accurate for my Murray home?
A Zestimate is a computer model that never sees your house. In Murray, where a 1955 rambler and its fully remodeled twin can sit on the same block, automated values miss badly in both directions. An appraisal is an inspection based, defensible opinion of value from a licensed professional, and it is what lenders, courts, and the IRS actually accept.
How long does a home appraisal take in Murray?
Apex Appraising averaged under 5 days from order to delivered report in 2026 and ran 100% on time in 2025. The on site inspection itself usually takes under an hour. Apex is also ready for UAD 3.6, the new appraisal format that becomes mandatory for Fannie Mae and Freddie Mac loans on November 2, 2026, so lender files stay clean.