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 $178,388, lower than the North Carolina average of $226,477.
The average cost of rent is $754/mo in Murphy, primarily driven by the current value of real estate in the Murphy area. While nearly 56.82% of residents own their homes outright in Murphy, 18.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in Murphy is $3,991 per month. Households that rent pay about 18.89% of their income on rent here. Murphy's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Letitia, NC: equally priced homes
- Grape Creek, NC: less expensive homes
- Regal, NC: equally priced homes
- Vests, NC: higher priced homes
- Brasstown, NC: higher priced homes
- Ogreeta, NC: equally priced homes
- Ivy Log, GA: higher priced homes
- Unaka, NC: less expensive homes
- Oak Park, NC: higher priced homes
- Marble, NC: less expensive homes
Cities with Similar Populations
- Rogersville, TN: less expensive homes
- Justin, TX: higher priced homes
- Kings Park, NY: higher priced homes
- La Crescenta, CA: higher priced homes
- La Marque, TX: less expensive homes
- Abington, PA: higher priced homes
- Larchmont, NY: higher priced homes
- Laurens, SC: less expensive homes
- Lewisburg, PA: higher priced homes
- Linda, CA: higher priced homes
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