Home prices
The median home in Murphy costs $162,000. Compared to nearby areas this is approximately $10,320 (6%) higher.It is about $55,500 (25%) lower compared to the rest of the nation, and is about $25,700 (18%) higher in comparison to the city of Knoxville.
Rents
The median rent in Murphy is $631 per month. This is roughly $11 (1%) higher compared to nearby areas.It is about $431 (40%) lower in comparison to the rest of the country, and is roughly $214 (25%) lower in comparison to the city of Knoxville.
Nearby places
Hayesville
Hayesville is approximately 10 miles east of Murphy. Its real estate prices are a bit less expensive. The median home in Hayesville is valued at $126,600, which works out to $35,400 (27%) lower than Murphy. Rents there are a bit more expensive. The median rent in Hayesville is $690 per month, which is $59 (8%) higher than Murphy.
Andrews
Andrews is approximately 12 miles northeast of Murphy. The housing prices there are a lot less expensive. The median home cost in Andrews is $93,200, which comes out to $68,800 (73%) lower than Murphy. Rents there are substantially less expensive. The median rent in Andrews is $475 a month, which is $156 (32%) lower than Murphy.
Young Harris
Young Harris is roughly 14 miles southeast from Murphy. Its housing prices are somewhat less expensive. The median home in Young Harris is valued at $151,900, which comes out to $10,100 (6%) lower than Murphy. Its rents are somewhat more expensive. The median monthly rent in Young Harris is $732, which comes out to $101 (13%) higher than Murphy.
Hiawassee
Hiawassee is about 17 miles southeast from Murphy. Housing prices there are substantially more expensive. The median home in Hiawassee costs $277,300, which comes out to $115,300 (41%) higher than Murphy. The rent there is fairly similar. In Hiawassee the median monthly rent is $659, which works out to $28 (4%) higher than Murphy.
Ducktown
Ducktown is roughly 18 miles west of Murphy. Real estate prices there are significantly less expensive. The median home in Ducktown costs $109,400, which comes out to $52,600 (48%) lower than Murphy. Rent there is somewhat less expensive. In Ducktown the median monthly rent is $545, which is $86 (15%) lower than Murphy.
