The housing market in Murphy, NC (zip code 28906) is currently thriving as the median value of homes in the area have recently grown by 17.16%. This is significantly higher than the national appreciation rate of 8.27%, and also higher than the nationwide median value of $338,100, with Murphy's median value at $271,900. This high rate of appreciation has made Murphy an attractive place to buy a home in recent years, as prices are still relatively low compared to other areas in the country. Additionally, this appreciation has likely been beneficial for many current homeowners who have seen their property values increase over time.
The median home cost in Murphy (zip 28906) is $271,900. Home appreciation the last 10 years has been 80.7%. Home Appreciation in Murphy (zip 28906) is up 23.4%.
Average Age of Homes
- The median age of Murphy (zip 28906) real estate is 26 years old
The Rental Market in Murphy (zip 28906)
- Renters make up 10.1% of the Murphy (zip 28906) population
- 0.2% of houses and apartments in Murphy (zip 28906), 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.