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Murphy, TX Home Values and Rents
The typical home value in Murphy is $579,553, 64th highest of 1,004 cities and towns in Texas. Median rent is $2,989 a month.
- Typical home value
- $579,553
- 64th of 1,004 in TX
- Median rent
- $2,989/mo
- Zillow observed rent
- Price change, 1 year
- -3.6%
- Sep 2026
- Homeownership
- 93.7%
- TX: 62.6%
Home sale prices in the Dallas-Fort Worth-Arlington, TX area
Zillow median sale price, Sep 2026
$376,827-0.8% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Typical home value in Murphy
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Murphy |
|---|---|
| Sep 2026 | $579,553 |
| Dec 2025 | $601,145 |
| Dec 2024 | $622,237 |
| Dec 2023 | $618,731 |
| Dec 2022 | $601,407 |
| Dec 2021 | $525,523 |
| Dec 2020 | $419,001 |
| Dec 2019 | $392,542 |
| Dec 2018 | $389,819 |
| Dec 2017 | $383,326 |
| Dec 2016 | $367,160 |
| Dec 2015 | $347,881 |
| Dec 2014 | $314,342 |
| Dec 2013 | $287,152 |
| Dec 2012 | $267,197 |
Over five years, Murphy prices changed +15.2%.
Source: Zillow Research · Last updated 09/01/2026
Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
Swipe the table sideways to see more columns.
| # | ZIP code | Median value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | 75094 | $539,200 | $2,794 | -2.7% | +49.1% |
Fair Market Rents, FY2027
HUD rent standard for Dallas, TX HUD Metro FMR Area
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $1,491 | -5.8% |
| 1 bedroom | $1,536 | -6.8% |
| 2 bedrooms | $1,807 | -6.4% |
| 3 bedrooms | $2,275 | -6.4% |
| 4 bedrooms | $2,892 | -6.4% |
Frequently asked questions
- What is the typical home value in Murphy, TX?
- The typical home value in Murphy is $579,553 (Zillow Home Value Index, Sep 2026). The Texas median is $283,800.
- How much is rent in Murphy?
- The median rent in Murphy is $2,989 a month (Zillow Observed Rent Index). HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,807.
- Are home prices going up in Murphy?
- The typical home value in Murphy changed -3.6% over one year and +15.2% over five years, as of Sep 2026.
- How does Murphy compare with the rest of Texas?
- Murphy has the 64th highest median home value of 1,004 cities and towns with 1,000+ residents in Texas.
- Which ZIP code in Murphy has the highest home values?
- ZIP code 75094 has the highest median home value at $539,200.