Murphy, NC

Full City Profile · North Carolina · Cherokee County County

2.5 /5.0
C+ Fair
1,356 Population 528/sq mi density
$36,989 Median Income $30,645 per capita
$221,100 Home Value $278,231 Zillow
$354 Median Rent 19.2% income on rent
57°F Avg Temperature
359 Violent Crime/100K 3,885 property/100K
C+
Overall
2.5 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.8 / 5.0
$36,989 median income, 5.4% unemployment
B
Affordability
3.3 / 5.0
$221,100 home value, $354/mo rent
F
Safety
1.0 / 5.0
359 violent crimes/100K
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)
$278,231
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

45.6%
Owner-Occupied
54.4%
Renter-Occupied
46%
54%
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)$278,231

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-Occupied45.6%
Renter-Occupied54.4%
Homeownership Rate45.6%
Total Housing Units941
Median Year Built1970
Rent Burden19.2%