Murphysboro, IL—62966
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Murphysboro, IL
As of Oct '25, the median home price in Murphysboro, IL is $107,000, with a year-over-year change of 12.8%. This indicates that home prices in Murphysboro, IL are increasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $107,000 | 12.8% |
| Single Family | $107,000 | 15.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $72,000 | 12.5% |
3 Bed | $135,000 | 10.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Murphysboro, IL
As of July '25, Rentcast reports the average rent in Murphysboro, IL is $1,680, with a year-over-year rent change of -40.6%. Per bedroom, the median rent as of July '25 in Murphysboro, IL is studios: $550, 1-bedrooms: $725, 2-bedrooms: $758, 3-bedrooms: $2,240, 4-bedrooms: $6,000. The most common rental property sizes in Murphysboro, IL are 2-bedroom and 1-bedroom, accounting for 54.6% and 18.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $1,680 |
| Studio Rent | $550 | $550 |
| 1 Bed Rent | $725 | $725 |
| 2 Bed Rent | $750 | $758 |
| 3 Bed Rent | $2,240 | $2,240 |
| 4 Bed Rent | $6,000 | $6,000 |
% of Rental Stock
Property Listings — Murphysboro, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Murphysboro, IL is 54. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $112,000 | -13.0% |
Listing Count | 58 | 17.0% |
| Listings as % of Homes | 0.7% | 17.0% |
Days on Market | 54 | -14.0% |
Demographics — Murphysboro, IL
As of the latest ACS Survey released in 2023, Murphysboro, IL has a population of 14,000, which has decreased by -8.3% over the past 5 years. Murphysboro, IL is a moderately popular place for families, as children make up 23.3% of the population. The area has a poorly educated workforce, with 23.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,000 | -8.3% |
% Under 18 | 23.3% | 9.4% |
% Seniors | 21.1% | 12.2% |
% WFH | 7.1% | 69.0% |
% w/ College Degree | 23.3% | -12.1% |
As of the latest ACS Survey released in 2023, Murphysboro, IL is a predominantly white area, with 77.0% of the population identifying as white. The white population has shrunk by 9.9% in the last 5 years. The second most common race or ethnicity in Murphysboro, IL is hispanic, making up 8.0% of the population. Foreign-born residents account for 3.8% of the population in Murphysboro, IL, and this percentage has increased by 192.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.0% | -9.9% |
% Black | 7.6% | -13.6% |
% Hispanic | 8.0% | 220.0% |
% Asian | 0.9% | 28.6% |
% Foreign Born | 3.8% | 192.3% |
Mortgage and Risk — Murphysboro, IL
According to HUD data as of 2023, there were 169 mortgage originations in Murphysboro, IL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Murphysboro, IL. Investor activity is low, as 11.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 169 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 11.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Murphysboro, IL
As of 2024, the percent of homes in Murphysboro, IL under the Section 8 program is 5.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Murphysboro, IL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 428 |
Total Units Section 8 | 117 |
% Rentals under Section 8 | 5.1% |
% Occupied Section 8 | 55.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $35 | $725 | $760 |
| 2 Bedroom | $220 | $750 | $970 |
| 3 Bedroom | -$970 | $2,240 | $1,270 |
| 4 Bedroom | -$4,710 | $6,000 | $1,290 |
Affordability — Murphysboro, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $107,000 |
| Median Household Income | $54,200 |