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Murphy, NC
Full City Profile · North Carolina · Cherokee County County
2.6
/5.0
C+
Fair
1,356
Population
528/sq mi density
$36,989
Median Income
$30,645 per capita
$221,100
Home Value
$275,947 Zillow
$354
Median Rent
19.2% income on rent
59°F
Avg Temperature
301 sunny days/yr
905
Violent Crime/100K
7,182 property/100K
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.3 / 5.0
$36,989 median income, 2.5% unemployment
B
Affordability
3.3 / 5.0
$221,100 home value, $354/mo rent
F
Safety
1.0 / 5.0
905 violent crimes/100K (138% above avg)
C+
Education
3.0 / 5.0
24.6% bachelor's degree or higher
Housing Overview
Median Home Value
$221,100
22% below
US avg: $281,900
Median Rent
$354/mo
70% below
US avg: $1,163/mo
Homeownership Rate
45.6%
30% below US avg (65.4%)
Total Housing Units
941
Median year built: 1970
Home Value by Source
Census Median
$221,100
Zillow (ZHVI)
$275,947
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
45.6%
Owner-Occupied
54.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$932/mo
1 Bedroom
$981/mo
2 Bedroom
$1,161/mo
3 Bedroom
$1,499/mo
4 Bedroom
$1,780/mo
Census median rent:
$354/mo
· Zillow rent:
$1,650/mo
Affordability & Housing Stock
Rent Burden
19.2%
of renters spending 30%+ of income on housing
38% below US avg (31.0%)
Median Year Built
1970
Average age of housing stock: 56 years
Homeownership Rate
45.6%
Complete Housing Data
Home Values
| Census Median Value | $221,100 |
| Zillow Home Value (ZHVI) | $275,947 |
Rent
| Census Median Rent | $354 |
| Zillow Rent (ZORI) | $1,650 |
| FMR Studio | $932 |
| FMR 1-Bedroom | $981 |
| FMR 2-Bedroom | $1,161 |
| FMR 3-Bedroom | $1,499 |
| FMR 4-Bedroom | $1,780 |
Market
Ownership & Stock
| Owner-Occupied | 45.6% |
| Renter-Occupied | 54.4% |
| Homeownership Rate | 45.6% |
| Total Housing Units | 941 |
| Median Year Built | 1970 |
| Rent Burden | 19.2% |