Property Management in Murphy, Texas
This medium-sized city is located in southern Collin County and shares its western border with the booming city of Plano. Located just 20 miles from downtown Dallas and 35 miles from the Dallas/Fort Worth International Airport. This area is considered to be in the humid subtropical region with very hot and humid summers, and mild to cool winters. Collin County is the wealthiest county in Texas, and this city features predominantly new construction. With low crime rates, high graduation rates, and access to many amenities, there is no wondering why it is filled with young families and continues to grow.
Murphy, Texas Details
The city is accommodated by both the Plano Independent School District and the Wylie Independent School District. Both districts have high-achieving and award-winning schools. 55.2 percent of adults in Murphy have obtained either a bachelor’s degree or advanced degree, and 93.5 percent have at least graduated high school. The community also is continuing to become more culturally and ethnically diverse. The population is primarily White; followed by Black or African American, Asian, and Hispanic or Latino. The population is also younger than the nation’s average, with a median age of 33.9 years old. It is a strong family community, with families (non-single residences) making up roughly 88 percent of the population.
The city boasts a strong parks and recreation department, as well as many community based initiatives and events. Programs such as Keep Murphy Beautiful emphasize recycling and beautification efforts. There are also a number of parks and trail systems spread throughout the city that residents may utilize. Along with improving quality of life of the residents, one of the goals of the Community Development Corporation is to help develop these parks, open spaces, and community facilities.
Murphy Property Manager
The city was originally staked out in 1846 by settlers interested in land grants issued by the Peter’s Colony before Texas had even become a state. A post office was eventually established in 1891 shortly after the St. Louis Southwestern Railway arrived in the area. The city experienced a sharp population decline after the Great Depression as people migrated towards the Dallas metropolitan area seeking new employment opportunities. The population rose again in the 1970s, as the neighboring city of Plano expanded. The population continues to grow steadily, especially after the construction of the President George Bush Turnpike in 2000. Since the population growth and construction boom, the city has been ranked as one of the best places to live in Texas by multiple websites and magazines.
The U.S. Census Bureau estimates that the population was 20,482 as of July 1, 2016. The area is commonly recognized as a popular commuter city, with many people making the 32.5-minute average commute to nearby towns such as Plano and Wylie. 8.13 percent of people also work from home or telecommute, which is relatively high in comparison to the national average. 93.15 percent of workers perform white-collar jobs. The U.S. Census Bureau indicates that the median household income from 2012-2016 was $118,843.
Many people that move to the city are investing in new construction, making majority of the homes in the area relatively expensive. While the median price per square foot is still slightly less than that of Dallas, the median price of homes that have sold is $356,200. The US Census Bureau indicates that from 2012-2016 the median selected monthly owner costs were $2,316 with a mortgage and $850 without a mortgage. The median gross rent in the area during this time was $2,067.
According to Zillow.com, home values have gone up 5.9 percent in the past year and they are predicted to rise by an additional 4.1 percent in the coming year. If you’re looking into real estate in Texas, you would be hard-pressed to find a better place to build or buy a home.
Call us for a comprehensive market analysis of your rental property.
Murphy Property Management
Our property management team specializes in residential areas throughout Murphy, TX. We offer multiple services to take your rental property and convert it into reliable income. We have a thorough screening process that helps to identify the right tenants for your property. Our team works hard to keep both parties happy through effective communication, bullet proof lease agreements, and timely monthly rent collection. We offer maintenance services to enhance the property and ensure that it will retain or increase in value. We oversee everything, allowing you to sit back and relax and know that your property and your tenants are in good hands.
Contact us today if you are ready to receive a comprehensive analysis of your rental property and to inquire about our Murphy area property management services.
I have been so impressed with not only the quality of service, but the punctual service and communication skills that I have seen through Keyrenter. I would absolutely recommend using Keyrenter.
Kimber C., Satisfied Client
Keyrenter is very organized. I have had several problems with my condo, and Keyrenter has been on top of everything. I can’t say enough good things about the company.
Steve S., Satisfied Client
I'm absolutely delighted with how easy Keyrenter made everything for me. From start to getting a renter into my house, it's all been convenient and simple. Great company, great service, great people!
Lorrie M., Satisfied Client
I've been a tenant with Keyrenter for the past 5 years. They have always been prompt in dealing with issues I've raised up and in responding to my requests for repairs and maintenance.
Tadd D., Satisfied Tenant
Keyrenter's tenant placement service is designed to provide landlords with a solution to the most difficult problem, finding a good tenant. Our leasing agents will not only locate good tenants, we use a thorough screening process and can even negotiate fair lease agreements.
Maintenance & Inspections
Our maintenance and inspection services are designed to keep the value of your property intact. We offer a full service options to provide our clients with only the best service possible. We will handle all of the difficult problems related to caring for the property and tenants.
Do you hate collecting monthly checks? Keyrenter provides accounting services to make sure you are paid on time, and your tenants are upholding lease agreement. We can assist with a variety of accounting options from monthly billing to taxes and other financial needs.
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