The housing market in Murphy, OK is booming. According to recent data, the median value for homes there is around $173,200 compared to the US average of around $338,100. Furthermore, over the last year, the house appreciation rate has been 13.34% in Murphy while the national rate was 8.27%. This suggests that many people are moving to this area looking for a good investment opportunity and that they are finding it there. As a result, the housing market in Murphy continues to increase in value and attract potential buyers who are eager to take advantage of this potential opportunity.
The median home cost in Murphy is $173,200. Home appreciation the last 10 years has been 62.1%. Home Appreciation in Murphy is up 14.5%.
Average Age of Homes
- The median age of Murphy real estate is 34 years old
The Rental Market in Murphy
- Renters make up 11.2% of the Murphy population
- 0.0% of houses and apartments in Murphy, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.