Murphy, Texas

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.