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Murphy, NC Home Values and Rents
The typical home value in Murphy is $274,061, 207th highest of 454 cities and towns in North Carolina. Median rent is $422 a month.
- Typical home value
- $274,061
- 207th of 454 in NC
- Median rent
- $422/mo
- ACS 2020-2024
- Price change, 1 year
- -0.5%
- Sep 2026
- Homeownership
- 46.0%
- NC: 66.6%
Typical home value in Murphy
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Murphy |
|---|---|
| Sep 2026 | $274,061 |
| Dec 2025 | $276,151 |
| Dec 2024 | $280,708 |
| Dec 2023 | $272,278 |
| Dec 2022 | $258,518 |
| Dec 2021 | $226,525 |
| Dec 2020 | $184,815 |
| Dec 2019 | $159,946 |
| Dec 2018 | $150,648 |
| Dec 2017 | $141,318 |
| Dec 2016 | $133,214 |
| Dec 2015 | $124,570 |
| Dec 2014 | $123,259 |
| Dec 2013 | $122,174 |
| Dec 2012 | $118,414 |
Over five years, Murphy prices changed +23.8%.
Source: Zillow Research · Last updated 09/01/2026
Fair Market Rents, FY2027
HUD rent standard for Cherokee County, NC
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $705 | +9.3% |
| 1 bedroom | $817 | +14.6% |
| 2 bedrooms | $1,012 | +8.2% |
| 3 bedrooms | $1,343 | +4.1% |
| 4 bedrooms | $1,585 | +5.9% |
Frequently asked questions
- What is the typical home value in Murphy, NC?
- The typical home value in Murphy is $274,061 (Zillow Home Value Index, Sep 2026). The North Carolina median is $288,900.
- How much is rent in Murphy?
- The median rent in Murphy is $422 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,012.
- Are home prices going up in Murphy?
- The typical home value in Murphy changed -0.5% over one year and +23.8% over five years, as of Sep 2026.
- How does Murphy compare with the rest of North Carolina?
- Murphy has the 207th highest median home value of 454 cities and towns with 1,000+ residents in North Carolina.