The housing market in Murphy, NC is quite robust and has seen an impressive appreciation rate of 17.16% over the past year. The median value of homes in Murphy is substantially lower than the US median at $271,400 - which is a great opportunity for prospective home buyers looking for affordability. While the appreciation rate of 8.27% nationwide is still quite healthy, those looking to invest in real estate in Murphy may find that there are many excellent opportunities to be had here due to the higher appreciation rate.
The median home cost in Murphy is $271,400. Home appreciation the last 10 years has been 80.7%. Home Appreciation in Murphy is up 23.4%.
Average Age of Homes
- The median age of Murphy real estate is 54 years old
The Rental Market in Murphy
- Renters make up 33.1% of the Murphy population
- 1.3% of houses and apartments in Murphy, 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.