HomeNorth CarolinaCherokee CountyMurphy
Murphy, North Carolina: commercial real estate data.
Murphy 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
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 loans in Murphy (7(a))
- Approvals11
- Gross approval$13,073,900
- Average approval$1,188,536
- Median approval$1,107,600
- 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
Counted by borrower city: approvals to borrowers whose address is in Murphy, in any county, FY2020 to FY2026. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Murphy
Flood risk in Murphy
- NFIP communityTown of Murphy
- NFIP community number370061
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date04/19/10(M)
The Town of Murphy participates in the National Flood Insurance Program as community 370061 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Cherokee County, not Murphy
Cherokee County context, not Murphy figures
- Establishments in Cherokee County649
- Covered employment, Cherokee County7,976
- Average annual pay, Cherokee County$45,626
- Housing units permitted, Cherokee County232
Every figure in this section is published for Cherokee County as a whole and is not a measurement of Murphy.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $13.1 m since FY2020, 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 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Murphy in the National Flood Insurance Program?
Yes. Murphy appears in the FEMA Community Status Book as Murphy, town of, 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 labeled 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?
No. Nothing on this page presents parcel level zoning.
Nearby