The Most Affordable Neighborhoods in Murphy, GA by Home Value

 

Murphy, GA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Murphy area can be challenging. Home prices in Murphy are now at a median cost of $156,739, lower than the Georgia average of $324,634.

The average cost of rent is $943/mo in Murphy, primarily driven by the current value of real estate in the Murphy area. In Murphy, 16.78% of households rent, and 58.47% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Murphy is $5,245 per month. Households that rent pay about 17.98% of their income on rent here. Murphy’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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