The housing market in Murphys, CA is doing well compared to the national average. The median value of a house in Murphys is $499,700, which is substantially higher than the US House Median Value of $338,100. While the US saw an appreciation rate of 8.27% in their houses over the past year, Murphys had 4.70%. This indicates that there is no bubble or overheated market conditions in Murphys, instead it shows a steady growth and appreciation rate that is sustainable for many years to come.
The median home cost in Murphys is $499,700. Home appreciation the last 10 years has been 196.3%. Home Appreciation in Murphys is up 12.5%.
Average Age of Homes
- The median age of Murphys real estate is 33 years old
The Rental Market in Murphys
- Renters make up 20.8% of the Murphys population
- 0.0% of houses and apartments in Murphys, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.