Short Sale Listings in Murphy, TX

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View this home at Starlite Dr Murphy TX 75094
$602,112 EMV

4 Bed | 3 Bath | 3,566 Sq. Ft.

View this home at Crepe Myrtle Ln Murphy TX 75094
$615,014 EMV
View this home at Sundown Way Murphy TX 75094
$611,397 EMV

5 Bed | 3.5 Bath | 3,506 Sq. Ft.

View this home at E Fm 544 Murphy TX 75094
View this home at Hawthorne Dr Murphy TX 75094
$524,116 EMV

4 Bed | 2 Bath | 3,019 Sq. Ft.

View this home at S Maxwell Creek Rd Murphy TX 75094
$625,168 EMV
View this home at Green Acres Dr Murphy TX 75094
$669,238 EMV

4 Bed | 2.5 Bath | 4,158 Sq. Ft.

View this home at Lakeside Cir Murphy TX 75094
$1,063,920 EMV

5 Bed | 4.5 Bath | 6,515 Sq. Ft.

View this home at Montana Trl Murphy TX 75094
$495,687 EMV

3 Bed | 2 Bath | 2,413 Sq. Ft.

View this home at Creekside Dr Murphy TX 75094
$631,637 EMV

5 Bed | 4 Bath | 3,691 Sq. Ft.

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Home Value Estimator For Murphy, TX

There are currently 5,912 real estate properties in Murphy, TX, with a median automated valuation model (AVM) price of $585,329.00. 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, TX, 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, TX, is $613,182.00, with the most expensive house in Murphy, TX, topping out at $7,097,299.00 and the cheapest home in Murphy, TX, clocking in at $60,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Murphy, TX!

Rent Prices In Murphy, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Murphy, TX, is on a rollercoaster ride. The average rent price in Murphy, TX, is $2,345.00. Indeed, when looking to rent in Murphy, TX, you can expect to pay as little as $800.00 or as much as $3,820.00, with the average rent median estimated to be $2,310.00. The good news is that finding an affordable and desirable property to rent in Murphy, TX -- 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, TX In 2024

Murphy is located in Collin, Texas, with an estimated municipal population of 20,500 residents. All of the best foreclosed homes for sale in Murphy are located in the following zip code areas on 75094. The estimated population per square kilometer (.62 miles) in Murphy is 1,392.

Cost Of Living In Murphy, TX

So, about how much do homes cost in Murphy? The most recent median value of resident-owned homes in Murphy is 347,759. An estimated 84.9 percent of households in Murphy own their homes, with an average family size of 3.99. The median household income in Murphy is 126,196, with66.3 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 33. 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 2,119, according to recent statistics.

Diversity And Demographics In Murphy, Texas

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 37.9, split between 50.5 percent male versus 49.5 female. The percentage of residents who report being married in Murphy is 63.9, with an average family size of 3.99.

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

White 56.7%
Black / African American 15.7%
Asian 23.3%
American Indian / Alaskan Native 0.6%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 3%
Other 0.5%

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 14.9%
Aged 10-19 19.5%
20s 7%
30s 13.2%
40s 19.9%
50s 11.7%
60s 8.7%
70s 4.2%
80+ 1%

Best Schools In Murphy, Texas

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, Texas

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, Texas, 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, TX Short Sale Listings


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