The housing market in Murphy, MO is thriving, with a median value of $180,800. This is significantly lower than the US median value of $338,100. However, Murphy has seen an even higher rate of house appreciation over the past year at 10.38%, compared to the US average of 8.27%. This suggests that investing in property in Murphy is a wise decision for those looking for substantial returns.
The median home cost in Murphy is $180,800. Home appreciation the last 10 years has been 70.0%. Home Appreciation in Murphy is up 15.0%.
Average Age of Homes
- The median age of Murphy real estate is 39 years old
The Rental Market in Murphy
- Renters make up 19.3% of the Murphy population
- 2.0% 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.