Market Summary

Murphy, Cherokee County, NC

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Median Home Price Price

$273,696 $273.7K

Median Monthly Rent Rent

$962 $962

GRM

24.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Cherokee County

Region Price Rent GRM Display
Andrews
$208,430 $886 20.0x

Home prices

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Monthly rent

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GRM

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Similar markets within NC outside of Cherokee County

Region Price Rent GRM Display
Elm City, Wilson County, NC
$224,694 $1,025 18.0x
Angier, Harnett County, NC
$329,757 $1,187 23.0x
Brasstown, Clay County, NC
$318,418 $951 28.0x
Candler, Buncombe County, NC
$414,219 $1,490 23.0x
Nashville, Nash County, NC
$248,253 $1,048 20.0x
Leicester, Buncombe County, NC
$425,491 $1,443 25.0x
Weaverville, Buncombe County, NC
$465,714 $1,617 24.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of NC

Region Price Rent GRM Display
Chatsworth, Murray County, GA
$238,858 $1,047 19.0x
Reddick, Marion County, FL
$387,872 $1,285 25.0x
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$575,101 $1,903 25.0x

Home prices

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Monthly rent

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GRM

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Murphy

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Trend Insights

Median Rent in Murphy, NC is $962, with MoM change +$5 and YoY change +$20 pointing to positive momentum while volatility is low (std $4).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Murphy, NC.

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Metric
Base market Murphy, NC
Compare market Select a market
Delta vs base
Median rent
$962
N/A
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Median price
$273,696
N/A
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YoY change
+$20
N/A
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Price-to-rent
23.7x
Data unavailable
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