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Murphy, NC Real Estate


According to census data in the year 2000 there were 790 housing units in Murphy. This represents a 1.6% decline from 803 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 790 were located in what is classified as a rural area.

Homeownership rate in Murphy is about 55.2%. Murphy's vacancy rate, including seasonal lodging, is about 11.8%. Average household size is 2.12 people.

The majority of houses, apartments or condos in Murphy were built after 1961.

Statistics

Housing Size

Housing Units by Size
Studio Type3.20%
One Bedroom10.50%
Two Bedrooms37.30%
Three Bedrooms39.10%
Four Bedrooms8.50%
Five Bedrooms or more1.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.05
Median year structure was built1959
Median Value of occupied units$78,100
Median Price asked for vacant units$27,500

Rented Homes, Apartments and Condos

Average Household Size2.21
Median year structure was built1963
Median Monthly Rent asked for vacant units$188

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage1.30%
Home Equity Loan7.40%
Simple Mortgage31.40%
Debt Free59.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs12.7%