How Much Do Homes Cost in Murray Hill Jacksonville?

Murray Hill Home Price Ranges by Property Type

Murray Hill's housing stock is dominated by post-war bungalows and 1950s ranch homes, with a smaller selection of renovated mid-century moderns and a handful of new construction infills. The price you pay depends heavily on whether the home has been updated.

Under $250,000: These are fixer-uppers or small-footprint bungalows needing cosmetic or mechanical work. Expect 2 bedrooms, 1 bath, 900–1,100 square feet, and original kitchens and bathrooms. Most sold in this range in 2026 were purchased by investors or hands-on buyers willing to renovate over time.

$250,000–$375,000: This is the core of the Murray Hill market. You'll find 3-bedroom, 1- to 2-bath homes between 1,100 and 1,500 square feet, many with partial updates like renovated kitchens or new flooring. Some have original charm intact—hardwood floors, built-in cabinets, and arched doorways—while others have been lightly modernized. Homes on quieter streets or with larger lots trend toward the upper end of this range.

$375,000–$500,000: Fully updated bungalows and ranch homes with modern kitchens, remodeled baths, new HVAC and roofing, and expanded living spaces. Many in this tier have added square footage, converted garages, or enclosed porches. You'll also see new construction spec homes and architect-designed renovations that blend mid-century bones with contemporary finishes.

$500,000+: High-end renovations, larger new builds, and estate-sized properties on double lots. These are rare in Murray Hill but are becoming more common as the neighborhood attracts design-conscious buyers looking for alternatives to San Marco's premium pricing. Expect designer kitchens, spa bathrooms, custom millwork, and energy-efficient systems.

How Murray Hill Prices Compare to Nearby Neighborhoods

Murray Hill sits in the middle of Jacksonville's urban core price hierarchy. It's more affordable than San Marco and Avondale, but pricier than Springfield and parts of Riverside. The gap has narrowed over the past three years as Murray Hill has appreciated faster than its neighbors.

In early 2026, median home prices in San Marco hovered around $485,000, while Avondale sat near $510,000. Murray Hill's $378,000 median represents a 22% discount to San Marco and a 26% discount to Avondale. That spread has compressed—just two years ago, Murray Hill was 30–35% cheaper.

Compared to Springfield, Murray Hill commands a 12–15% premium. Springfield vs Murray Hill Jacksonville breaks down the tradeoffs in detail, but the short version is that Murray Hill offers smaller lots, quieter streets, and proximity to Edgewood Avenue's dining and retail.

Five Points and Murray Hill share similar price ranges, but Five Points skews slightly higher due to walkability to the commercial district. Murray Hill buyers trade some walkability for a more residential feel and easier street parking.

What's Driving Murray Hill Home Prices in 2026

Three factors are pushing Murray Hill prices upward: constrained inventory, proximity to job centers, and a wave of younger buyers priced out of San Marco and Avondale.

Inventory has been tight across Jacksonville's urban core since 2021, but Murray Hill has seen fewer new listings per capita than neighboring markets. Only 87 homes sold in Murray Hill in 2025, down from 104 in 2023. With fewer homes available and steady demand, sellers have maintained pricing power.

Murray Hill is a 10-minute drive to downtown Jacksonville, 15 minutes to the Southbank, and under 20 minutes to the St. Nicholas area and Baptist Medical Center. That commute advantage matters to buyers working hybrid schedules who want urban character without living in a high-rise.

The buyer profile has shifted. In 2020, Murray Hill attracted mostly first-time buyers and young families. In 2026, you're seeing more move-up buyers in their mid-30s who sold homes in the suburbs or relocated from higher-cost markets. They want walkable streets, architectural character, and appreciation potential—and they're willing to pay for it.

Murray Hill Home Price Trends: 2020–2026

Murray Hill's median home price in 2020 was $265,000. By the end of 2021, it had jumped to $315,000—a 19% gain driven by pandemic-era demand for single-family homes with yards. Prices cooled slightly in late 2022 as mortgage rates climbed, but the median held steady around $325,000 through mid-2023.

In 2024 and 2025, appreciation resumed. The median hit $342,000 in early 2025 and crossed $378,000 by Q1 2026. That's a 42% increase over six years, or an average annual appreciation of about 6%. For context, Jacksonville's overall housing market appreciated at roughly 5.5% annually over the same period.

Price per square foot in Murray Hill now averages $265–$285 for updated homes, compared to $220–$240 in 2022. Homes that sold for $300,000 three years ago are now listed at $360,000–$380,000, assuming no major updates. Renovated properties have seen even steeper gains, especially those with open floor plans and modern kitchens.

What You Need to Buy a Home in Murray Hill

At the $378,000 median price, a buyer putting 10% down would need $37,800 upfront, plus roughly $8,000–$12,000 in closing costs. Total cash to close: around $46,000–$50,000. With a 30-year fixed mortgage at 6.75%, the monthly payment would be approximately $2,205 (principal and interest), plus $450–$550 for property taxes and insurance, bringing the total to around $2,700–$2,800 per month.

To comfortably afford that payment, lenders typically want to see household income of at least $95,000–$100,000. That's assuming a debt-to-income ratio under 43% and no other major monthly obligations. How much you need to buy a home in Jacksonville walks through the math in detail.

First-time buyers can reduce upfront costs with FHA loans (3.5% down) or conventional loans with as little as 3% down, though you'll pay PMI until you reach 20% equity. Down payment assistance programs through the city of Jacksonville and Florida Housing Finance Corporation are available for qualified buyers. Murray Hill's first-time buyer guide covers those options in depth.

Where the Deals Are in Murray Hill Right Now

Deals in Murray Hill aren't about finding undervalued pockets—most of the neighborhood trades at similar price points. Instead, value comes from buying homes with deferred maintenance or outdated finishes that you can improve over time.

Homes with original 1950s kitchens and bathrooms, older HVAC systems, or dated electrical panels typically sell 10–15% below median. If you're willing to spend $30,000–$50,000 on updates over the first few years, you can build equity faster than buying a turnkey home at top dollar. Buying a bungalow in Murray Hill covers what to look for in fixers and how to estimate renovation costs.

Another opportunity: homes on busier streets like Edgewood Avenue or Plymouth Street. These sell at a 5–10% discount to interior streets but give you walkable access to restaurants, coffee shops, and retail. If you don't mind street noise and value walkability, you can get more square footage or better bones for the same price.

Finally, watch for homes that have been listed for 60+ days. Murray Hill's market moves quickly, so anything sitting that long usually has a pricing issue, a disclosure problem, or a motivated seller. It's not common, but when it happens, there's room to negotiate.