The housing market in Murphys Estates, SC is thriving and has seen a rapid appreciation in value over the past year. The median house value in Murphys Estates is $253,400 which is significantly lower than the US median of $338,100. However, the house appreciation rate in Murphys Estates is 11.61%, much higher than the national average of 8.27%. This rapid appreciation indicates that more people are looking to buy property in Murphys Estates and that it could be a great place to invest in housing.
The median home cost in Murphys Estates is $253,400. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Murphys Estates is up 22.1%.
Average Age of Homes
- The median age of Murphys Estates real estate is 24 years old
The Rental Market in Murphys Estates
- Renters make up 4.5% of the Murphys Estates population
- 0.0% of houses and apartments in Murphys Estates, 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.