Property Lense

Murphy, North Carolina — ZIP 28906

Cherokee County, North Carolina. Home values and rents from Zillow research data, demographics from the Census ACS, and a 12-month appreciation forecast from our own model.

Heat Score

68/ 95

Neutral Market

Typical Home Value

$278K

-0.1% year over year

12-Month Forecast

-1.9%

to $273K

Gross Rental Yield

6.8%

Annual rent divided by home value

Typical home value

Aug 2023 – Aug 2026 · Zillow ZHVI · hover or use arrow keys

$267,829$283,872

How reliable is this forecast?

Backtested against this ZIP's own history, the model was off by an average of 2.11%. It did not beat a seasonal-naive baseline here, so treat this forecast with extra caution.

Who lives here
Population
19,586
Median household income
$49,426
Unemployment
3.6%
Owner-occupied
83%

Source: U.S. Census Bureau, ACS 5-year estimates.

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Not financial advice. For informational purposes only.