Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 40,282 ↑ 0.8% since 2020 |
| Median Household Income | $67,880 9% below national median |
| Median Home Value | $173,300 |
| Unemployment Rate | 5.0% |
| Median Age | 39.3 years |
| Housing Vacancy Rate | 5.6% |
| Total Land Sales (Past 12 Months) | 9 transactions |
| Active Listings | 71 properties |
| Avg Days on Market | 451 days |
Rural Land Sales (1+ Acres) (Sep 2025 – Jan 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $27,344 |
| Recent Sales | 7 transactions |
| Avg Days on Market | 123 days |
| Avg Parcel Size | 25.51 acres |
| Active Listings | 7 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Jan 2026 | 1.08 | $240,000 | $222,222 | 146 Pleasant View Rd | Slayton |
| Dec 2025 | 160.00 | $800,000 | $5,000 | Farmland Section #11 | Lake Wilson |
| Nov 2025 | 1.04 | $300,000 | $288,462 | 8 Cheryl Ave | Slayton |
| Nov 2025 | 1.59 | $85,000 | $53,426 | 5 Summit Ln | Hadley |
| Oct 2025 | 4.77 | $28,000 | $5,870 | Main St N | Lake Wilson |
| Oct 2025 | 8.79 | $120,000 | $13,652 | 0 8th St SW | Fulda |
| Sep 2025 | 1.28 | $35,000 | $27,344 | 4 Summit Ln | Lake Wilson |
Suburban/Urban Land Sales (Under 1 Acre) (Oct 2025 – Jan 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $240,000 |
| Recent Sales | 2 transactions |
| Avg Days on Market | 110 days |
| Avg Parcel Size | 0.62 acres |
| Active Listings | 64 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Address | City |
|---|---|---|---|---|
| Jan 2026 | 0.89 | $240,000 | 144 Pleasant View Rd | Slayton |
| Oct 2025 | 0.36 | $6,500 | 130 Grace Ave | Iona |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 8,119 |
| Population (2020) | 8,179 |
| Population Growth | -0.73% |
| Median Household Income | $74,475 |
| Median Home Value | $179,400 |
| Total Housing Units | 4,401 |
| Vacant Housing Units | 800 |
| Housing Vacancy Rate | 18.2% |
| Median Age | 46.6 |
| Bachelor's Degree or Higher | 1,036 (12.8%) |
| Unemployment Rate | 5.0% |
Market Overview
Murray County, Minnesota has a population of 8,119, which has declined 0.73% since 2020. The median household income is $74,475, below the national median of $74,580 by 0.1%. The housing vacancy rate of 18.2% suggests soft market conditions. The county's location in Minnesota makes it accessible for investors and developers seeking rural land. Recent rural land sales show a median price of $17,898 per acre, with properties averaging 34.10 acres. There are currently 71 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Murray County, Minnesota?
As of the 2023 American Community Survey, Murray County has a population of 8,119. The county has declined 0.73% since the 2020 Census.
What is the median household income in Murray County?
The median household income in Murray County is $74,475, which is 0.1% below the national median of $74,580.
Is Murray County growing or shrinking?
Murray County is shrinking. The population has declined 0.73% since 2020.
What is the housing market like in Murray County?
The median home value in Murray County is $179,400. The housing vacancy rate is 18.2%, which suggests soft market conditions. The unemployment rate is 5.0%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $17,898 per acre. Suburban/urban lots under 1 acre have a median lot price of $59,000.
Does Reelvest buy land in Murray County, Minnesota?
Yes! Reelvest Properties buys vacant land throughout Minnesota, including Murray County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.