Murray, Utah, is a well-established city located in the Salt Lake Valley with a population of approximately 49,553 as of 2023, making it the 19th most populated city in Utah. As the leading experts in Murray Utah Property Management, we understand the unique needs of both property owners and renters in this dynamic community. The 2025 population is projected to be about 49,798, showing a stable community with a slight growth rate of 0.2% per year. The median age in Murray is 38.2 years, reflecting a mature, family-oriented population.
Murray’s housing market offers a balanced mix of single-family homes, townhomes, and apartments, appealing to a diverse group of renters and investors. The median property value in Murray is around $470,200, and the homeownership rate is approximately 65.5%, indicating a healthy rental market as well 2. Rental demand is steady due to Murray’s strategic location near major employment centers and its family-friendly environment. Single-family homes and apartments attract a range of tenants, including professionals and families seeking quality living close to Salt Lake City.
Contact us today for a Free Rental Assessment to understand the rental potential of your property in Murray, Utah!
Education
Murray lies within the Murray School District, which offers quality education through several elementary, middle, and high schools known for their academic performance. Higher education institutions nearby include Cameo College of Essential Beauty and Eagle Gate College, which awarded over 380 degrees combined in 2023, serving both local and regional students 2. This strong educational presence contributes to the city’s appeal for families and working professionals.
Industry and Economy
Murray’s economy is diverse, with many residents commuting to jobs in healthcare, retail, education, and professional services. The city benefits from its proximity to Salt Lake City and other regional employment centers. The median household income is $87,864, which has grown steadily, reflecting a stable economic base 1 2. Approximately 93.5% of Murray residents are U.S. citizens, and the city maintains a multicultural community with Whites making up 73.8%, followed by Hispanic (14.6%) and Asian (4.7%) populations 1 2.
Recreation and Community Events
Murray offers residents numerous parks, trails, and recreational facilities. Popular spots include Murray Park, which has picnic areas, playgrounds, and sports fields, and the Murray Aquatic Center, providing year-round swimming opportunities. The city also hosts family-friendly events like the Murray Freedom Festival, which features parades, live entertainment, and fireworks in July, and seasonal celebrations such as the Holiday Lights Festival in winter.
Other Key Information
- Population: 49,553 (2023)
- Median Household Income: $87,864
- Median Property Value: $470,200
- Homeownership Rate: 65.5%
Average Commute: 20.5 minutes, with most residents driving alone and owning an average of two cars per household 2
