Mortgage Rates in Murray, Kentucky — March 2026
Updated March 2026 | Based on Murray market data and regional lending conditions
Murray is a growing city in Kentucky with a population of 19,756. The current 30-year fixed mortgage rate in Murray is 6.03%, which is 0.62% below the national average. With a median home price of $165,000 and a 20% down payment of $33,000, homebuyers can expect a monthly principal and interest payment of approximately $794.
Current Mortgage Rates in Murray, KY
Below are the current average mortgage rates available in the Murray area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.03% | 6.65% | -0.62% |
| 15-Year Fixed | 5.27% | 5.89% | -0.62% |
| 5/1 ARM | 5.53% | 6.15% | -0.62% |
| FHA | 5.63% | 6.25% | -0.62% |
| VA | 5.43% | 6.05% | -0.62% |
| Jumbo | 6.23% | 6.85% | -0.62% |
Murray Housing Market Overview
The Murray housing market offers relatively affordable housing compared to many major cities. The median household income in Murray is $35,000, and the cost of living index is 79 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $38,914 to comfortably afford the median-priced home in Murray, which exceeds the current median household income.
Monthly Payment Breakdown for Murray
Based on the median home price of $165,000 with 20% down ($33,000), here is what you can expect to pay monthly in Murray:
15-Year vs. 30-Year Mortgage in Murray
Choosing a 15-year mortgage in Murray at 5.27% instead of a 30-year at 6.03% would save you $94,500 in total interest over the life of the loan. However, your monthly payment would be $1,063 instead of $794 — an increase of $269 per month.
Calculate Your Murray Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Murray
What are the current mortgage rates in Murray, KY?
As of March 2026, the average 30-year fixed mortgage rate in Murray, Kentucky is 6.03%, while the 15-year fixed rate is 5.27%. FHA loans average 5.63% and VA loans 5.43%. These rates are 0.62% below the national average of 6.65%.
How much is a monthly mortgage payment in Murray?
Based on the median home price of $165,000 with 20% down, the estimated monthly mortgage payment in Murray is $794 for principal and interest. Including property taxes of $114/month, the total monthly housing cost is approximately $908.
What income do I need to buy a home in Murray?
Using the 28% rule, you would need an annual income of approximately $38,914 to afford the median-priced home in Murray at $165,000. The median household income in Murray is $35,000. This means most households would need to either earn above the median or consider homes below $165,000.
Is Murray a good place to buy a home in 2026?
Murray offers a below-average cost of living with a cost of living index of 79 (national average = 100). The property tax rate in Kentucky is 0.83%, which is near the national average. Murray has a population of 19,756 and offers a very affordable lifestyle.
Mortgage Rates in Other Kentucky Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Murray, Kentucky area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.