Rent To Own Homes in Murphy, NC

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View this home at Vandora Suits Rd Murphy NC 28906
Preforeclosure NEW
$105,080 EMV

3 Bed | 2 Bath | 1,568 Sq. Ft.

View this home at Rippling Branch Ln Murphy NC 28906
$66,932 EMV

2 Bed | 1 Bath | 816 Sq. Ft.

View this home at Drive Murphy NC 28906
View this home at Nc Hwy 294 Murphy NC 28906
View this home at Upper Bear Paw Rd Murphy NC 28906
$109,980 EMV
View this home at Die Bend Rd Murphy NC 28906
$156,153 EMV

2 Bed | 1 Bath | 1,156 Sq. Ft.

View this home at Road Murphy NC 28906
View this home at Barefoot Ln Murphy NC 28906
$48,450 EMV
View this home at Sneed Branch Rd Murphy NC 28906
$297,024 EMV

3 Bed | 1 Bath | 1,344 Sq. Ft.

View this home at Branch Road Murphy NC 28906
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Home Value Estimator For Murphy, NC

There are currently 11,044 real estate properties in Murphy, NC, with a median automated valuation model (AVM) price of $260,645.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Murphy, NC, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Murphy, NC, is $294,059.00, with the most expensive house in Murphy, NC, topping out at $7,756,800.00 and the cheapest home in Murphy, NC, clocking in at $13,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Murphy, NC!

Rent Prices In Murphy, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Murphy, NC, is on a rollercoaster ride. The average rent price in Murphy, NC, is $1,179.00. Indeed, when looking to rent in Murphy, NC, you can expect to pay as little as $400.00 or as much as $2,940.00, with the average rent median estimated to be $1,160.00. The good news is that finding an affordable and desirable property to rent in Murphy, NC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Murphy, NC In 2024

Murphy is located in Cherokee, North Carolina, with an estimated municipal population of 1,657 residents. All of the best foreclosed homes for sale in Murphy are located in the following zip code areas on 28906. The estimated population per square kilometer (.62 miles) in Murphy is 250.

Cost Of Living In Murphy, NC

So, about how much do homes cost in Murphy? The most recent median value of resident-owned homes in Murphy is 158,276. An estimated 47 percent of households in Murphy own their homes, with an average family size of 2.81. The median household income in Murphy is 30,962, with5.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Murphy, the median commute time of resident workers (in minutes) is 13.4. And last, but certainly not least, are you looking for homes to rent in Murphy? If so, the average rent price paid by renters in Murphy is 631, according to recent statistics.

Diversity And Demographics In Murphy, North Carolina

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Murphy, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Murphy is 46.1, split between 45.8 percent male versus 54.2 female. The percentage of residents who report being married in Murphy is 45, with an average family size of 2.81.

The percentage of residents who report their race in Murphy is as follows:

White 85.5%
Black / African American 7.2%
Asian 2.2%
American Indian / Alaskan Native 2.4%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.9%
Other 0.8%

Looking for family-friendly neighborhoods in and/or near Murphy? Or maybe you are searching for 55+ active adult communities in and/or near Murphy?

The percentage of residents who report their age in Murphy is as follows:

Under 10 6.6%
Aged 10-19 9.5%
20s 13.6%
30s 12.4%
40s 11.5%
50s 17.5%
60s 17%
70s 8.2%
80+ 3.5%

Best Schools In Murphy, North Carolina

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Murphy with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Murphy.

Pros And Cons Of Living In Murphy, North Carolina

How do you know that living in -- or moving to -- Murphy is right where you need to be? Perhaps you grew up in Murphy or already live nearby; therefore, the decision to buy a home in Murphy is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Murphy for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Murphy:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Murphy.

Reasons To Move To Murphy, North Carolina, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Murphy can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Murphy, meanwhile, can field multiple offers from more qualified buyers.

Murphy, NC Rent To Own Homes


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