Home Price Key
Affordable
Average
Expensive
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 $61,506, lower than the Mississippi average of $145,564.
The average cost of rent is $553/mo in Murphy, primarily driven by the current value of real estate in the Murphy area. While nearly 75.21% of residents own their homes outright in Murphy, 43.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Murphy is $1,957 per month. Households that rent pay about 28.28% of their income on rent here. Murphy's most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Willet, MS: higher priced homes
- Gooden Lake, MS: equally priced homes
- Delta City, MS: equally priced homes
- Midnight, MS: higher priced homes
- Isola, MS: higher priced homes
- Silver City, MS: higher priced homes
- Cameta, MS: higher priced homes
- Panther Burn, MS: higher priced homes
- Hollandale, MS: higher priced homes
- Belzoni, MS: equally priced homes
Cities with Similar Populations
- Stegall, NE: higher priced homes
- Kanawha Head, WV: higher priced homes
- Kasbeer, IL: higher priced homes
- Kimeo, KS: higher priced homes
- Kipahulu, HI: higher priced homes
- Kirkland Junction, AZ: higher priced homes
- St. Paul, ND: higher priced homes
- St. Stephens, NE: higher priced homes
- Stahl, MO: higher priced homes
- Standardsburg, OH: higher priced homes
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