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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 $76,685, lower than the Virginia average of $443,089.
The average cost of rent is $666/mo in Murphy, primarily driven by the current value of real estate in the Murphy area. In Murphy, 23.51% of households rent, and 94.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Murphy is $2,944 per month. Households that rent pay about 22.63% of their income on rent here. Murphy’s most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bee, VA: higher priced homes
- Davenport, VA: equally priced homes
- Duty, VA: higher priced homes
- Colley, VA: higher priced homes
- Leemaster, VA: higher priced homes
- Tiny, VA: higher priced homes
- Prater, VA: higher priced homes
- Vansant, VA: higher priced homes
- Council, VA: higher priced homes
- Deskins, VA: higher priced homes
Cities with Similar Populations
- Hermosa, VA: higher priced homes
- Heath, KY: higher priced homes
- Heiberg, MN: higher priced homes
- Heidelberg, MN: higher priced homes
- Helena, TN: higher priced homes
- Helvetia, WV: less expensive homes
- Hendrysburg, OH: higher priced homes
- Henrytown, MN: higher priced homes
- Hensel, ND: higher priced homes
- Hereford, CO: higher priced homes
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