Murphy, TX is a great place to consider if you are looking for housing. The median value of houses in Murphy is $562,300 which is significantly higher than the US median value of $338,100. Not only are the house values higher in Murphy, but the 1 year house appreciation rate is also greater than the US average at 15.66%, compared to 8.27%. It seems that investing in housing here would be a great choice for those looking for long-term appreciation on their investment.
The median home cost in Murphy is $562,300. Home appreciation the last 10 years has been 159.8%. Home Appreciation in Murphy is up 23.4%.
Average Age of Homes
- The median age of Murphy real estate is 13 years old
The Rental Market in Murphy
- Renters make up 5.7% of the Murphy population
- 0.0% 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.