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Homes Under $300,000 in Murray, Utah
Murray sits at the geographic center of the Salt Lake Valley, wedged between Millcreek to the north and Midvale to the south, with quick access to I-15 and I-215 making it one of the most commuter-friendly cities along the Wasatch Front. That central location has historically kept Murray's real estate market competitive, but homes under $300,000 do surface — typically in the form of condos, townhomes, and the occasional older single-family bungalow built in the 1950s and '60s along streets like State Street or near Murray Park. Buyers at this price point are usually looking at attached housing, so it's worth understanding HOA structures, monthly fees, and what's included before making an offer. The TRAX light rail runs directly through Murray Center, which adds genuine value for buyers who want to skip the freeway grind and reach downtown Salt Lake City in roughly 20 minutes.
Murray's appeal goes beyond convenience. The city has its own school district — Murray City School District — which is an independent district separate from Granite or Canyons, and it consistently draws families who want smaller class sizes at the junior high and high school level. Intermountain Medical Center, one of Utah's largest hospitals, is headquartered here and employs thousands, so buyers in this price range often include medical staff, first-time buyers, and investors eyeing rental demand from a large local workforce. Homes in this range move quickly when priced well, especially condos near the Murray TRAX stations. Browse the active listings below to see what's currently available at this price point.
May 2026 · Murray market
Live from the Utah MLS — what's actually happening in Murray right now.
Median sale
$495,250
42 closed in May 2026
Median DOM
10 days
listing → contract
Sale-to-list
99.1%
of final list price
Unsold inventory
149
active + pending
36 matching · page 2 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.