Housing in Murphy, NC

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Zillow — January 2026

Zillow Home Value Index

$271,048

Zillow Rent Index

$1,600

Murphy vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Murphy is highlighted.

Median Home Value

61st%ilemost expensive$221,100show rank

Median Rent

1st%ilemost expensive rent$354show rank

Rent Burden

7th%ilehighest rent burden11.5%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$221,100

Median Rent

$354

Total Housing Units

866

Vacancy Rate

19.2%

Owner Occupied

45.6%

Renter Occupied

54.4%

Median Property Tax

$1,176

per year

Monthly Cost (w/ Mortgage)

$570

Housing Types

Single Family

63.5%

Multi-Family

31.3%

Mobile Home

5.2%

The median home value in Murphy, NC is $221,100. According to Zillow, the home value index for Murphy is $271,048. Zillow's observed rent index is $1,600/month. About 45.6% of housing units are owner-occupied. The median year homes were built is 1969. There are 866 total housing units.