The median home in Murphy, North Carolina is valued at $271,048, down 1.5% year over year. Typical monthly rent is $1,600, producing a price-to-rent ratio of 14.1x — below the national average of 18x.

Home Value$271,048

-1.5%

Rent$1,600/mo

Prices falling — better for buyers.

Affordability

Enter your income for Murphy.

Income (annual)

Down Payment

$54,210 on $271,048

Example: $75,000 household income. Change it above to see your own.

Affordable27.4% of income

Under the 28% guideline.

PITI$1,710

P/I27.4%

Afford$277K

Room+$6K

P&I $1,371Tax $190Ins $150

Renting $110/mo cheaper ($1,600 rent)6.50% 30yr, 20% down, county tax + NC ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in North Carolina

Compare Murphy with other housing markets across North Carolina.

Wrightsville Beach$1.64M Bald Head Island$1.36M Cashiers$1.34M Marvin$1.23M Weddington$1.04M Highlands$1.02M Duck$978K Topsail Beach$927K

Weekly briefing

Every Monday — score changes, top movers, and what shifted. Free.

Murphy, NC