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
AFFORDABILITYRenting $110/mo cheaper ($1,600 rent)6.50% 30yr, 20% down, county tax + NC ins. 28% per HUD.
Enter your income for Murphy.
$54,210 on $271,048
Affordable — 27.4% of income
Under the 28% guideline.
PITI$1,710
P/I27.4%
Afford$277K
Room+$6K
P&I $1,371Tax $190Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in North Carolina
Compare Murphy with other housing markets across North Carolina.