Murphy, TX—75094
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Murphy, TX
As of Oct '25, the median home price in Murphy, TX is $579,000, with a year-over-year change of -3.6%. This indicates that home prices in Murphy, TX are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $579,000 | -3.6% |
| Single Family | $579,000 | -3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $444,000 | -4.7% |
4 Bed | $560,000 | -3.6% |
| 5 Bed | $680,000 | -2.9% |
% of Housing Stock
Rental Trends — Murphy, TX
As of July '25, Rentcast reports the average rent in Murphy, TX is $3,300, with a year-over-year rent change of 6.5%. Per bedroom, the median rent as of July '25 in Murphy, TX is 3-bedrooms: $2,540, 4-bedrooms: $3,190. The most common rental property sizes in Murphy, TX are 4-bedroom and 2-bedroom, accounting for 49.4% and 18.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,550 | $2,540 |
| 4 Bed Rent | $3,000 | $3,190 |
% of Rental Stock
Property Listings — Murphy, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Murphy, TX is 64. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 49.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $672,000 | 4.0% |
Listing Count | 78 | 13.0% |
| Listings as % of Homes | 0.4% | 13.0% |
Days on Market | 64 | 23.0% |
Demographics — Murphy, TX
As of the latest ACS Survey released in 2023, Murphy, TX has a population of 23,700, which has increased by 1.3% over the past 5 years. Murphy, TX is a popular place for families, as children make up 31.3% of the population. The area has a highly educated workforce, with 55.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,700 | 1.3% |
% Under 18 | 31.3% | -1.9% |
% Seniors | 11.5% | 32.2% |
% WFH | 29.5% | 227.8% |
% w/ College Degree | 55.8% | 0.9% |
As of the latest ACS Survey released in 2023, Murphy, TX is a predominantly white area, with 47.0% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Murphy, TX is asian, making up 37.6% of the population. Foreign-born residents account for 28.4% of the population in Murphy, TX, and this percentage has decreased by 9.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 47.0% | 0.9% |
% Black | 9.6% | -31.4% |
% Hispanic | 3.2% | -48.4% |
% Asian | 37.6% | 25.8% |
% Foreign Born | 28.4% | -9.0% |
Mortgage and Risk — Murphy, TX
Murphy, TX lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Murphy, TX
Murphy, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 50 |
Total Units Section 8 | 50 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,410 |
| 2 Bedroom | N/A | N/A | $2,830 |
| 3 Bedroom | $1,000 | $2,550 | $3,550 |
| 4 Bedroom | $1,560 | $3,000 | $4,560 |
Affordability — Murphy, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $579,000 |
| Median Household Income | $161,000 |