bds
|
ba
|
sqft
ac lot
|
car garage
|
|
Homes Under $300,000 in Murray, Utah
Murray sits dead center in the Salt Lake Valley, which means anything under $300K here moves fast and usually comes with a catch worth understanding before you tour it. At that price point you're mostly looking at condos and townhomes in complexes off Vine Street, State Street, or near the Murray Central TRAX station, plus the occasional dated single-family home in need of updates near the older grid streets by Murray Park. A handful of small manufactured or mobile homes on owned land also show up in this range, particularly in the pockets near Woodstock Park or along 4800 South. Murray's location — five minutes to I-15 and I-215, a straight TRAX ride to downtown SLC or the airport, and walking distance to Intermountain Medical Center for hospital employees — keeps demand steady even on the smaller, older inventory.
Because Murray is largely built out, you won't see new construction in this range; expect HOA dues on condos (often $200-$400/month covering water, sewer, and exterior maintenance) and older mechanical systems on the detached homes. First-time buyers, hospital and tech workers wanting a short commute, and investors eyeing rental income near TRAX are the typical shoppers competing for these listings. Browse the active listings below to see what's currently on the market.
August 2026 · Murray market
Live from the Utah MLS — what's actually happening in Murray right now.
Median sale
$560,000
20 closed in August 2026
Median DOM
17 days
listing → contract
Sale-to-list
98.1%
of final list price
Unsold inventory
174
active + pending
42 matching · page 2 of 2
Active listings
Prefer the map?
See all 42 homes under $300k on a map
Pan around Murray and refine by drawing your own boundary.
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.