Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Murphy City area can be challenging. Home prices in Murphy City are now at a median cost of $234,665, lower than the Minnesota average of $269,934.
The average cost of rent is $624/mo in Murphy City, primarily driven by the current value of real estate in the Murphy City area. While nearly 59.06% of residents own their homes outright in Murphy City, 10.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in Murphy City is $5,835 per month. Households that rent pay about 10.69% of their income on rent here. Murphy City's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Finland, MN: less expensive homes
- Little Marais, MN: less expensive homes
- Isabella, MN: higher priced homes
- Schroeder, MN: equally priced homes
- Taconite Harbor, MN: equally priced homes
- Lax Lake, MN: less expensive homes
- Silver Bay, MN: less expensive homes
- Tofte, MN: higher priced homes
- Beaver Bay, MN: less expensive homes
- East Beaver Bay, MN: less expensive homes
Cities with Similar Populations
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- Judio, KY: less expensive homes
- Judson, KY: less expensive homes
- Jumbo, KY: less expensive homes
- Kanaskat, WA: higher priced homes
- Key, TX: less expensive homes
- Kief, ND: less expensive homes
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