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Homes Under $300,000 in Murray, Utah
Murray sits dead center in the Salt Lake Valley, which makes it one of the harder places to find anything under $300,000 — but it still happens, mostly in the condo and townhome market along State Street and around the Intermountain Medical Center campus. Older fourplex-style condos near 5300 South, small attached units in the Vine Street and Murray Park neighborhoods, and the occasional manufactured or mobile home on owned land show up in this range. Detached single-family homes under $300K are close to extinct here now; when one appears it's usually a fixer needing work, or a smaller footprint home on a shared lot near the rail corridor.
What makes Murray worth the trade-off is location: TRAX access at three separate stations, a five-minute drive to I-15 and I-215, and a walkable downtown strip with the farmers market and Murray Park's duck pond and pool. Buyers at this price point are typically first-timers, downsizers, or investors looking for a rental near the hospital and Fashion Place Mall employment corridor. HOA dues matter a lot at this price — some condo developments run $250-$400/month, which changes the real monthly cost more than the purchase price does. Browse the active listings below to see what's currently on the market in this range.
July 2026 · Murray market
Live from the Utah MLS — what's actually happening in Murray right now.
Median sale
$491,000
23 closed in July 2026
Median DOM
31 days
listing → contract
Sale-to-list
96.5%
of final list price
Unsold inventory
179
active + pending
41 matching · page 1 of 2
Active listings
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Common questions
About homes under $300k in Murray.
What kind of homes can I actually get in Murray under $300K? ▾
Realistically, this price range is condos and townhomes — typically 1-2 bedrooms, 700-1,200 square feet, often in HOA communities near State Street, 5300 South, or Murray Central. Detached single-family homes under $300K are rare in Murray and usually need significant work when they do appear.
How fast do sub-$300K listings sell in Murray? ▾
Quickly. Entry-level properties in central Salt Lake County tend to go under contract within 1-3 weeks, and well-priced condos near TRAX often see multiple offers. Having financing pre-approved before you tour is close to mandatory at this price point.
Are HOA fees a big factor at this price? ▾
Yes — most properties under $300K in Murray are attached housing with HOA dues running roughly $150 to $350 per month. Check what's included (exterior maintenance, water, trash, sometimes gas) because it materially changes your true monthly cost versus a comparable single-family payment.
Is FHA or VA financing accepted on Murray condos in this range? ▾
It depends on the specific complex. Some Murray condo projects are FHA-approved and some are not, and VA approval is separate. Ask your agent to pull the project status before you write — an unapproved building means you'd need conventional financing with at least 3-5% down.
What neighborhoods in Murray have the most options under $300K? ▾
The corridors along State Street, Vine Street, and 5300 South have the highest concentration of older condos and townhomes. Pockets near Murray Park and the Intermountain Medical Center campus also see steady inventory, especially smaller units geared toward hospital staff and TRAX commuters.
Is buying under $300K in Murray a good investment play? ▾
Murray has strong long-term fundamentals — central location, TRAX access, major hospital employer, and limited new construction inside city limits. Rents on 2-bedroom condos here typically run $1,500-$1,900, which can pencil for buy-and-hold investors depending on HOA fees and the rate you lock in.