Median home value: $271K (-1.5% YoY). Rent: $1,600/mo. Price-to-rent: 14.1x.
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Home Value$271,048
-1.5%
Rent$1,600/mo
AFFORDABILITYRenting $40/mo cheaper ($1,600 rent)6.00% 30yr, 20% down, county tax + NC ins. 28% per HUD.
Enter your income for Murphy.
$54,210 on $271,048
Affordable — 26.2% of income
Under the 28% guideline.
PITI$1,640
P/I26.2%
Afford$289K
Room+$18K
P&I $1,300Tax $190Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing