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City · 21,188 residents · Collin County, Texas

Murphy , Texas

In Murphy, a typical home is worth $555,500 and typical rent is $2,847 a month. Compared with all of Collin County, typical rent is 53% higher, typical household income is 44% higher, and the share of households that own their home is 29 points higher.

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  • Typical home value

    $555,500

    17% above the county

    96% above Texas

    • Murphy
    • Collin
    • Texas

  • Typical rent

    $2,847a month

    53% above the county

    103% above Texas

    • Murphy
    • Collin
    • Texas

  • Typical household income

    $175,699a year

    44% above the county

    124% above Texas

    • Murphy
    • Collin
    • Texas

  • Households that own their home

    94%

    29 points above the county

    31 points above Texas

    • Murphy
    • Collin
    • Texas

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$579,553
3.6% less than 12 months ago
Typical rent
$2,989 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Murphy is in Collin County. The FHA loan limit ($563,500 for a one-unit home), the fair market rents and the help on this page are those of all of Collin County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Murphy apart

What this place has that others do not, from public data, most unusual first.

  1. 94% of households in Murphy own their home, against 65% in Collin County.

  2. Murphy has the 8th highest typical rent of the 413 cities in Texas with more than 5,000 people ($2,847).

  3. The typical household income in Murphy is $175,699, 44% more than in Collin County as a whole ($121,600).

  4. Nearby, in Sachse, the typical rent is $1,798: 37% less than in Murphy ($2,847).

  5. Nearby, in Wylie, the typical home value is $387,000: 30% less than in Murphy ($555,500).

  6. The typical home in Murphy is worth $555,500, 17% more than in Collin County as a whole ($475,600).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Murphy

What homes there are in Murphy, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Murphy: 98% of homes, more than in Collin County (68%).

Year built

By age, homes in Murphy look like those in Collin County: the typical year built is 2005.

Homes in Murphy are bigger: 98% have 3 bedrooms or more; in Collin County, 70%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$3,085 a month

Collin County: $2,843 a month

Without a mortgage

$1,280 a month

Collin County: $1,101 a month

Owners with a mortgage

70%

Collin County: 69%

Owning costs more in Murphy: with a mortgage, the typical cost is $3,085 a month; in Collin County, $2,843. Without one, $1,280.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Murphy rose 58% since 2015–2019, more than in Collin County (51%).

The typical rent in Murphy rose 34% since 2015–2019, about the same as in Collin County (34%).

To compare: typical income in Murphy rose 39%; the home, +58%; the rent, +34%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMurphyCollin CountyTexasUnited States
Rental vacancy Unreliable estimate6.1%7.7%5.5%
Homeowner vacancy Unreliable estimate0.6%1.1%0.9%
More than one person per room Unreliable estimate3.1%4.8%3.4%
People per household 3.522.772.692.53
Drive alone 62%62%71%69%
Carpool 4%7%10%9%
Public transit Unreliable estimate0%1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 32%28%14%15%
Other means Unreliable estimate2%2%2%
Typical commute 30 to 39 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

More people live in each home here: 3.52 on average, against 2.77 in Collin County.

Many people here do not commute at all: 32% work from home; in Collin County, 28%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Murphy?

A typical home is tight for the typical income

We start with a typical home in Murphy, worth $555,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 34% of the typical household income in Murphy, which is $175,699 a year. For that payment to be 28% of income, a household would need to earn about $210,351 a year.

The calculator's FHA and conventional loan limits are those of all of Collin County.

Your numbers

Local data
$

Starts at the typical home value in Murphy. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $19,443 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$4,908

at 7.18% · 30 years

Loan amount
$545,438
Total interest
$784,757
Paid off in
November 2056

Includes $9,381 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $4,100 a month

  • Tight

    $4,100 to $5,271 a month

    Your payment · 34%

  • Hard

    more than $5,271 a month

Compared with the typical household income in Murphy ($175,699 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,908
Principal & interest$3,695
Property tax$736
Home insurance$232
FHA mortgage insurance (MIP)$246

You need at least $19,443 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Murphy and Collin County

Murphy is in Collin County, Texas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Murphy's own numbers

Typical home value
$555,500
Typical monthly rent
$2,847
Typical yearly household income
$175,699
Households that own their home
94%
Effective property tax rate
1.59%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Collin County

FHA limit, one-unit home
$563,500
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,807
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
0.3%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Collin County.

Everything about Collin County

Buying

Buying a home in Murphy

A typical home in Murphy is worth $555,500: 17% above the county and 96% above Texas. With the typical household income in Murphy ($175,699 a year), a typical home costs 3.2 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Murphy 3.2 years
  • Collin 3.9 years
  • Texas 3.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Collin County

According to FHFA’s house price index, home prices in Collin County rose 102% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Collin County.

Period County Texas U.S.
Last year (2025) −0.8% +0.8% +2.9%
5 years (2020–2025) +51% +44% +47%
10 years (2015–2025) +102% +88% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Murphy next to Collin County, Texas and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Murphy $555,500
  • Collin $475,600
  • Texas $283,800
  • United States $332,700
Typical monthly rent
  • Murphy $2,847
  • Collin $1,859
  • Texas $1,403
  • United States $1,413
Typical yearly household income
  • Murphy $175,699
  • Collin $121,600
  • Texas $78,476
  • United States $80,734
See the full table
Murphy next to Collin County and Texas
Measure Murphy Collin County Texas U.S.
Typical home value $555,500 $475,600 $283,800 $332,700
Typical monthly rent $2,847 $1,859 $1,403 $1,413
Typical yearly household income $175,699 $121,600 $78,476 $80,734
Households that own their home 94% 65% 63% 65%
Typical yearly property tax $8,835 $7,521 $4,232 $3,119
Effective property tax rate 1.59% 1.58% 1.49% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Collin County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Murphy

For a typical $555,500 home in Murphy, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Murphy's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,908a month

    Least cash to close
    Down payment
    $19,443
    Cash to close
    $36,108
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $246

  • Conventional, 5% down $4,806a month

    Down payment
    $27,775
    Cash to close
    $44,440
    Rate
    7.18%
    Mortgage insurance
    PMI · $264

  • Conventional, 20% down, no PMI $3,978a month

    Down payment
    $111,100
    Cash to close
    $127,765
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $4,492a month

    Down payment
    $83,325
    Cash to close
    $99,990
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Murphy and for Collin County.

Property tax

Effective rate in Murphy

1.59%of the home’s value each year

$8,835 a year for the typical owner in Murphy.

  • Murphy 1.59%
  • Collin 1.58%
  • Texas 1.49%

What Texas publishes School-district homestead exemption (Texas Comptroller of Public Accounts)

Exemptions and deadlines in Texas

Flood risk in Collin County

FEMA does not publish these numbers by city: they are for all of Collin County.

Homes in the high-risk zone
0.3%
927
Of those, with NFIP insurance
34%
County Texas U.S.
Homes in the high-risk zone 0.3% 4.1% 3.5%
Of those, with NFIP insurance 34% 48% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Murphy

Typical rent in Murphy is $2,847 a month: 53% above the county.

HUD publishes a fair market rent for all of Collin County, by unit size. To pay the 2-bedroom one ($1,807 a month) without spending more than 30% of your income, you would need to earn $34.75 an hour working full time.

HUD fair market rent for all of Collin County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,491 $28.67 $59,640
1 bedroom $1,536 $29.54 $61,440
2 bedrooms $1,807 $34.75 $72,280
3 bedrooms $2,275 $43.75 $91,000
4 bedrooms $2,892 $55.62 $115,680

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Murphy

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Murphy is in ZIP code 75094.

For 2 bedrooms it is $2,710: $903 more than the fair market rent for Collin County ($1,807).

  • 75094 $2,710$3,410

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Murphy when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Murphy

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Collin County. The nearest ones are below; many serve by phone or online.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Murphy

No down payment, repair or rent-help program on our list is for Murphy or Collin County. The ones below are statewide in Texas: they work in Murphy the same as in the rest of the state.

Which programs do I qualify for? All programs in Texas

  • My First Texas Home

    Statewide in Texas

    Texas state program for first-time buyers: a 30-year mortgage with down payment assistance. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    DeferredForgivable

    See the program Official page

  • My Choice Texas Home

    Statewide in Texas

    Texas state program with down payment assistance for any buyer, not only first-time buyers. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    DeferredForgivable

    See the program Official page

  • Texas Mortgage Credit Certificate (MCC)

    Statewide in Texas

    Limited funds remain, per the source

    Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    Tax credit

    See the program Official page

Housing counselors near Murphy

The HUD-approved agencies closest to the center of Murphy, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Balance - Dallas

    8330 Lbj Fwy, Dallas · 11 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (800) 777-7526

  • Dallas County Home Loan Counseling Center

    2377 N Stemmons Fwy, Dallas · 20 miles away

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 4 more
    (214) 819-6060

  • Builders of Hope

    603 Munger Ave, Dallas · 20 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (214) 920-9850

All counseling agencies in Texas

Help in Spanish near Murphy

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Murphy

In HUD’s record, no housing authority with an office in Collin County is named for Murphy or Collin County.

3 other authorities have an office in Collin County: see the list Source: HUD

Cities

Other cities in Collin County

These cities are also in Collin County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Collin County Housing in Texas
See 3 more cities in Collin County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Murphy, with the typical home value.

Neighboring counties

If Collin County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Murphy.

All guides
A man and two girls read a book together on the sofa.

Questions

Housing questions about Murphy

Short answers with the numbers for Murphy and all of Collin County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Murphy?

The typical home value in Murphy is $555,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Collin County it is $475,600.

How much does it cost to rent in Murphy?

Typical rent in Murphy is $2,847 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Collin County is $1,807.

What is the FHA loan limit in Murphy?

Murphy uses the FHA limit for all of Collin County (2026): $563,500 for a one-unit home and $1,083,650 for a four-unit home.

How much property tax do owners pay in Murphy?

The typical homeowner in Murphy pays $8,835 a year, according to the U.S. Census Bureau. That is 1.59% of the home’s value; in Collin County, the rate is 1.58%.

Where can I find free help to buy or rent in Murphy?

We found no HUD-approved counseling agencies with an office in Collin County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).