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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 $569,102, higher than the Texas average of $322,096.
The average cost of rent is $3,017/mo in Murphy, primarily driven by the current value of real estate in the Murphy area. In Murphy, 5.61% of households rent, and 31.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Murphy is $15,417 per month. Households that rent pay about 19.57% 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
- Parker, TX: higher priced homes
- Sachse, TX: less expensive homes
- Wylie, TX: less expensive homes
- St. Paul, TX: less expensive homes
- Lucas, TX: higher priced homes
- Allen, TX: equally priced homes
- Richardson, TX: less expensive homes
- Garland, TX: less expensive homes
- Plano, TX: less expensive homes
- Fairview, TX: less expensive homes
Cities with Similar Populations
- Roscoe, IL: less expensive homes
- Havre de Grace, MD: less expensive homes
- Hawthorne, NJ: equally priced homes
- Hermosa Beach, CA: higher priced homes
- Highland, UT: higher priced homes
- Homewood, IL: less expensive homes
- Horseheads, NY: less expensive homes
- Hoschton, GA: less expensive homes
- Hunters Creek, FL: less expensive homes
- Lebanon, IN: less expensive homes
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