Rental market snapshot for Murphy, Texas

Murphy, Texas Rental Property Market Overview

Murphy, Texas is a small city located in Collin County, Texas. According to the US Census, the population of Murphy, Texas in 2021 was 21,219. Murphy is a growing city with a variety of amenities, including parks, schools, and shopping centers. It is a great place to live for families and individuals alike, with a friendly and welcoming atmosphere.

The average rent for an apartment in Murphy is $2,653. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 4.1% over the past year.

Last Updated April 22, 2023

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Average monthly rent graph in Murphy Texas | Cost of Living

  • The most expensive ZIP code in Murphy is 75094 with an average price of $3,495
  • The cheapest ZIP code in Murphy is 75094 with an average price of $2,335

Murphy ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
175094$3,495

Live near Murphy, Texas's Top Sights and Attractions

WaterS Edge is a beautiful outdoor attraction located in Murphy, Texas. It features a large lake surrounded by lush greenery, making it a perfect spot for a peaceful stroll or a picnic. The lake is also a great spot for fishing, kayaking, and paddle-boating. There are also plenty of trails for hiking and biking, as well as a playground for the kids. The area also features a pavilion and picnic tables, making it a great spot for a family gathering or a romantic evening.

Murphy Central is a family-friendly destination located in a small town in Texas. It features a variety of activities for all ages, including a miniature golf course, batting cages, go-karts, bumper boats, an arcade, and a snack bar. The park also has a large outdoor pavilion, perfect for hosting events such as birthday parties and family reunions. With its wide range of activities, Murphy Central is the perfect place to spend a day with the family.

Mustang is a large, iconic sculpture of a horse located in a rural area of Texas. The sculpture stands at over 40 feet tall and is made of steel and concrete. It is painted in bright colors and stands atop a large rock formation. The sculpture is a popular spot for visitors to take pictures and admire the view of the surrounding countryside.

North Hill is a scenic overlook located in Murphy, Texas. It offers stunning views of the surrounding countryside, including rolling hills, lush forests, and a picturesque lake. Visitors can take in the beauty of the area while enjoying a picnic or simply taking a leisurely stroll. The area is also popular for its hiking trails, which offer a variety of terrain and stunning views. North Hill is a great place to relax and take in the beauty of nature.

Brentwood is a popular attraction located in Murphy, Texas. It is a large park with a variety of activities for all ages. There is a playground, a walking trail, a pond, and a picnic area. There is also a large pavilion with a stage for live music and other events. The park is surrounded by trees, making it a great place to relax and enjoy nature.

Timbers Nature Preserve is a beautiful outdoor attraction located in Murphy, Texas. It features a variety of trails, including a 1.5 mile loop, a 3.5 mile loop, and a 5 mile loop, all of which are perfect for hiking, biking, and horseback riding. The preserve also has a picnic area, a playground, and a fishing pond, making it a great spot for families to enjoy a day in nature. The preserve is home to a variety of wildlife, including birds, deer, and other small animals, making it a great spot for wildlife watching.

Aviary is a unique outdoor attraction located in Murphy, Texas. It features a large aviary filled with exotic birds from around the world, including parrots, macaws, toucans, and more. Visitors can get up close and personal with the birds, as they are free to fly around the aviary. There is also a petting zoo with a variety of animals, including goats, sheep, and llamas. The aviary also features a playground, picnic area, and a gift shop.

Liberty Ridge is a unique outdoor attraction located in the rolling hills of North Texas. Visitors can explore the grounds on foot or by ATV, and enjoy a variety of activities such as zip-lining, rock climbing, rappelling, and more. The property also features a variety of wildlife, including deer, wild turkeys, and other animals. There are also several picnic areas and a campground, making it a great destination for a weekend getaway.

Preserve At Maxwell Creek is a nature preserve located in Murphy, Texas. It features a variety of trails, including a boardwalk, that wind through the lush forest and wetlands. The preserve is home to a variety of wildlife, including birds, reptiles, amphibians, and mammals. Visitors can also enjoy fishing, kayaking, and canoeing in the creek. The preserve also has picnic areas and pavilions, making it a great spot for a family outing.

Chisholm Trail is a unique outdoor attraction that allows visitors to experience the Old West. Guests can explore a replica of an 1880s frontier town, complete with a saloon, jail, blacksmith shop, and more. There are also live-action shows featuring gunfights, stunt shows, and other entertainment. Visitors can also take a ride on a horse-drawn wagon, explore the trails on horseback, or take a guided tour of the area.

Murphy, Texas area median rent change by ZIP code map

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How does Murphy compare to other cities in Texas ?

citymedian price
Dripping Springs$3,070
Galveston$1,380
Ferris$2,352
Duncanville$2,020
Grapevine$2,285
Schertz$2,100
Selma$1,895
Trophy Club$2,500
Bulverde$2,285
Bee Cave$3,250

Average household income in Murphy area graph - US Census

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The median household income in Murphy in 2021 was $147,257. This represents a 31.0% change from 2011 when the median was $112,408.

#categorypercent
0Less than $10,0001.1%
1$10,000 to $14,9991.2%
2$15,000 to $19,9990.0%
3$20,000 to $24,9991.4%
4$25,000 to $29,9991.4%
5$30,000 to $34,9993.6%
6$35,000 to $39,9992.5%
7$40,000 to $44,9992.7%
8$45,000 to $49,9991.5%
9$50,000 to $59,9990.2%
10$60,000 to $74,9993.9%
11$75,000 to $99,9998.3%
12$100,000 to $124,99915.4%
13$125,000 to $149,99913.0%
14$150,000 to $199,99919.7%
15$200,000 or more24.0%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of March , the average rent in Murphy is $2,653.
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