Rent in Murphy, NC
A 2-bedroom in Murphy, NC (ZIP 28906) typically rents for about $798 a month, with a range of $798–$1,012. Owner-occupied homes in Cherokee County pay about 0.46% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $705 | $705 | 1 |
| 1 bed | $290 | $290–$817 | 1 |
| 2 beds | $798 | $798–$1,012 | 1 |
| 3 beds | $929 | $929–$1,343 | 1 |
| 4 beds | $1,114 | $1,114–$1,585 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Murphy ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Murphy, NC?
- About $798 a month: the median of the typical rents in 1 ZIP code, which range from $798–$1,012. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Murphy, NC?
- About $290 a month: the median of the typical rents in 1 ZIP code, which range from $290–$817. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Murphy, NC?
- About $929 a month: the median of the typical rents in 1 ZIP code, which range from $929–$1,343. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Murphy, NC?
- About $705 a month: the median of the typical rents in 1 ZIP code, which range from $705. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Murphy, NC?
- About $1,114 a month: the median of the typical rents in 1 ZIP code, which range from $1,114–$1,585. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Murphy, NC?
- Owner-occupied homes in Cherokee County pay a typical 0.46% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Murphy rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).