Murphy, Texas.
Typical home $579,553 (-3.6% in a year), asking rent $2,989 . Dallas-Fort Worth-Arlington, TX metro.
to buy the typical home at today's mortgage rate — +$1,603 (+111%) since Jan 2020.
- 1 year
- Down $21,518 -4%
- $601,071$579,553 since Sep 2025
- 5 years
- Up $76,511 +15%
- $503,042$579,553 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Murphy$3,042
- Texas$1,556
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 24 years.
Typical home values in Murphy, TX fell 3.6% over the past year — slower than the nation's +1.2%.
Living in Murphy, Collin County, Texas
Murphy is a city of 21,013 people in Collin County. Half its households earn more than $175,699 a year and half less, against $121,600 across Collin County; 3% of its people live below the poverty line. 94% of its homes are lived in by their owners and 6% are rented. Unemployment in Collin County was 4.4% in August 2026, and the county had 2.9% more jobs in 2025 than the year before. The most residents work in professional services, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Murphy is a suburban city in Collin County, mostly made up of homes lived in by their owners rather than rentals. Households here have incomes well above the county's, very few residents live below the poverty line, and most adults hold a four-year degree. Winters are mild and short, with little or no snow, and summers are hot, with August the warmest month.
Work. Residents work mainly in professional and business services, in schools, hospitals and social care, in banks, insurance and property, and in shops. Many people commute a fair distance, and a good number work from home instead. Within Murphy itself, the largest workplaces include Walmart, Lowe's, and Sagora Senior Living.
Things to do. Southfork Ranch, a museum, is in or beside town. A longer drive away are several museums in Dallas, including the Dallas Museum of Art and the George W. Bush Presidential Center, as well as the Cotton Bowl, a stadium.
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- 6,015households
- 62%of adults have a degree
- 3%below the poverty line
- 32 mintypical commute
- 32%work from home
What residents work in
Employed residents by industry, from the Census survey. Collin County had 562,572 jobs in 2025, 2.9% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 54° and lows near 34°; warmest in August, with highs near 93° and lows near 73°. About 40 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the Lavon Dam weather station, 7 miles away (NOAA).
Largest workplaces in Murphy
- WalmartWarehouse clubs and supercenters303
- Lowe's Companies, INCHomecenter152
- Sagora Senior LivingAssisted living facilities of elderly79
- Nothing Bundt FranchisingCommercial bakeries23
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 4 workplaces with 20 or more staff, 557 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesVery high
- HailVery high
- Heat wavesRelatively moderate
- Cold wavesRelatively moderate
- Inland floodingRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Murphy’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Collin County and the Dallas-Fort Worth-Arlington, TX metro.
Murphy home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Murphy$579,553
- Texas$296,424
- United States$366,157
Sellers are cutting prices on about 1 in 2 Murphy listings, and the typical home goes pending in 23 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Murphy41.99%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Murphy87
New listings per month
Sellers arriving at the market.
- Murphy21
Zip codes with a Murphy address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Murphy — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.