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Affordable
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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 $255,892, lower than the North Carolina average of $323,314.
The average cost of rent is $905/mo in Murphy, primarily driven by the current value of real estate in the Murphy area. In Murphy, 16.36% of households rent, and 55.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Murphy is $5,062 per month. Households that rent pay about 17.88% of their income on rent here. Murphy’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Letitia, NC: equally priced homes
- Grape Creek, NC: equally priced homes
- Regal, NC: equally priced homes
- Vests, NC: higher priced homes
- Brasstown, NC: higher priced homes
- Ogreeta, NC: higher priced homes
- Ivy Log, GA: higher priced homes
- Unaka, NC: equally priced homes
- Oak Park, NC: equally 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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