Murphy, Cherokee County, NC

Median Home Price Price

$273,696 $273.7K

Median Monthly Rent Rent

$962 $962

24.0x

Market Snapshot

Murphy, Cherokee County, NC is a city market with a median home price of $273,696, a median monthly rent of $962, a GRM of 24.0x, and a price-to-rent ratio of 23.7.

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$208K $886 20.0x

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Monthly rent

GRM = home price / annual rent

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$330K $1.2K 23.0x
Brasstown, Clay County, NC
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Home prices

Monthly rent

GRM = home price / annual rent

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Chatsworth, Murray County, GA Explore deeper
$239K $1.0K 19.0x
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$388K $1.3K 25.0x
Cummington, Hampshire County, MA
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Home prices

Monthly rent

GRM = home price / annual rent

Murphy

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Benchmark comparison

Compare Murphy, NC to another market.

Compare to Andrews, NC
Murphy, NC
Andrews, NC
Delta
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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Key takeaways

  • Murphy, Cherokee County, NC has a higher-grm screening profile: At 24.0x GRM, current rent may provide less support for the purchase price.
  • Higher GRM is not automatically negative; it may reflect appreciation expectations, scarcity, or lifestyle premium.
  • Rent momentum is positive, with median rent up about $20 year over year.
  • Next discovery step: compare Andrews, Cherokee County, NC from the Same county set.