HomeNorth CarolinaCherokee CountyMurphy town
Murphy town, North Carolina: commercial real estate data.
Murphy town is a Census town of 1,604 people across 2.57 square miles of land, in Cherokee County. Median household income is $37,263, 46.0 percent of occupied homes are owned, and the SBA record carries 11 7(a) approvals to borrowers here worth $13.1 m.
70 sourced place values · tier FULL · 8 sections
Murphy
What Murphy is
- Census place typetown
- Land area2.57 sq mi
- Water area0.11 sq mi
- Population per square mile of land624
- County holding the largest share of its areaCherokee County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Murphy
How many people live in Murphy
- Population1,604
- Median age34.5
- Population under 18332 plus or minus 109
- Share under 1820.7 percent plus or minus 5.6
- Population 65 and over342 plus or minus 96
- Share 65 and over21.3 percent plus or minus 4.4
- Households792 plus or minus 177
- Family households298 plus or minus 77
- Share of households that are families37.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Murphy
Income and work in Murphy
- Median household income$37,263 plus or minus $13,177
- Per capita income$31,278
- Civilian labor force714 plus or minus 206
- Employed674 plus or minus 210
- Unemployed40 plus or minus 30
- Unemployment rate5.6 percent plus or minus 3.9
- Adults 25 and over1,158
- Adults 25 and over with a high school diploma or higher88.9 percent
- Adults 25 and over with a bachelor degree or higher26.8 percent plus or minus 7.9
- Adults 25 and over with a graduate degree8.3 percent plus or minus 3.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Murphy
Housing in Murphy
- Housing units955
- Occupied units792 plus or minus 177
- Vacant units163 plus or minus 70
- Vacancy rate17.1 percent plus or minus 6.5
- Owner occupied364 plus or minus 102
- Renter occupied428 plus or minus 172
- Ownership rate46.0 percent
- Median owner-occupied home value$250,000 plus or minus $66,387
- Median gross rent, monthly$422 plus or minus $272
- Annual rent as a share of median income13.6 percent plus or minus 10.0
- Single family units549 plus or minus 117
- Share single family57.5 percent
- Units in buildings of two or more341 plus or minus 172
- Share in buildings of two or more35.7 percent plus or minus 16.5
- Mobile homes65 plus or minus 44
- Median year structure built1974
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Murphy
How Murphy gets to work
- Workers 16 and over who commute652 plus or minus 204
- Commuting under 15 minutes400 plus or minus 184
- Share commuting under 15 minutes61.3 percent plus or minus 20.7
- Commuting 30 minutes or more89 plus or minus 41
- Share commuting 30 minutes or more13.7 percent plus or minus 4.6
- Drove alone67.9 percent plus or minus 29.1
- Carpooled9.1 percent plus or minus 4.7
- Public transport0.0 percent
- Walked18.5 percent plus or minus 22.9
- Worked from home2.7 percent plus or minus 1.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Murphy
SBA 7(a) lending to Murphy borrowers
- Approvals11
- Gross approval$13,073,900
- Average approval$1,188,536
- Median approval$1,107,600
- Ninetieth percentile approval$1,706,000
- Largest approval$3,625,000
- Jobs supported126
- Jobs per approval11.5
- Loans with a final outcome3
- Paid in full3
- Charged off0
- Median term180 months
- Share on real estate terms of 20 years or more45.5 percent
- Share to franchises9.1 percent
- Distinct lenders7
- Distinct industries by NAICS8
A charge-off rate is not published here. only 3 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Murphy
Flood programme status in Murphy
- Listed NFIP communities1
- Of those, participating1
- NFIP community number370061
- Currently effective map date04/19/10(M)
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Cherokee County, not Murphy
Cherokee County context, not Murphy figures
These are Cherokee County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Murphy measurements.
- Establishments in Cherokee County649
- Employment at those establishments, Cherokee County7,678
- Covered employment, Cherokee County7,976
- Average annual pay, Cherokee County$45,626
- Average weekly wage, Cherokee County$877
- Housing units permitted, Cherokee County232
- Of those, single family, Cherokee County232
- County product, 2024, Cherokee County$1,183,620,000
- County product change over the prior year, Cherokee County7.1 percent
- Average income of an arriving household, Cherokee County$69,738
Every figure in this section is published for Cherokee County as a whole and is not a measurement of Murphy. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Murphy questions, answered from the record.
How many people live in Murphy, North Carolina?
1,604, in 792 households. Murphy town covers 2.57 square miles of land, which is 624 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Murphy in?
Cherokee County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Murphy?
$37,263. The median owner-occupied home is valued at $250,000. Median gross rent is $422 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Murphy businesses?
11 7(a) approvals totalling $13.1 m, across 7 lenders, median approval $1,107,600. These count approvals to borrowers whose address is in Murphy, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Murphy borrowers get paid back?
No rate is published for Murphy. only 3 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Murphy in the National Flood Insurance Program?
Yes. Murphy appears in the FEMA Community Status Book as community 370061, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Murphy figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Cherokee County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Murphy.
Is zoning published for Murphy?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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