Murphysboro, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Murphysboro Neighborhoods Since 2000




Murphysboro, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Murphysboro Housing Market Information

With 7,768 people, 3,368 houses or apartments, and a median cost of homes of $95,530, house prices in Murphysboro are solidly below the national average.

Single-family detached homes are the single most common housing type in Murphysboro, accounting for 65.68% of the city's housing units. Other types of housing that are prevalent in Murphysboro include duplexes, homes converted to apartments or other small apartment buildings ( 14.84%), large apartment complexes or high rise apartments ( 12.46%), and a few mobile homes or trailers ( 6.42%).

People in Murphysboro primarily live in small (one, two or no bedroom) single-family detached homes. Murphysboro has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Murphysboro built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Murphysboro built between 1940-1969 ( 31.89%). A lesser amount of the housing stock also hails from before 1939 ( 31.21%). There's also some housing in Murphysboro built between 2000 and later ( 3.82%).

Vacant housing appears to be an issue in Murphysboro. Fully 20.55% of the housing stock is classified as vacant. Left unchecked, vacant Murphysboro homes and apartments can be a drag on the real estate market, holding Murphysboro real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Murphysboro Home Appreciation Rates

Appreciation rates for homes in Murphysboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.39%, which ranks in the top 50% nationwide. This equates to an annual average Murphysboro house appreciation rate of 0.04%.

NeighborhoodScout's data show that during the latest twelve months, Murphysboro's appreciation rate, at 4.33%, has been at or slightly above the national average. In the latest quarter, Murphysboro's appreciation rate has been -2.01%, which annualizes to a rate of -7.80%.

Notably, Murphysboro's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Illinois, our data show that Murphysboro's latest annual appreciation rate is higher than 80% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$95,530

Murphysboro, IL HOME PRICES

Value Range
> $1,049,000 0.0
$787,001 - $1,049,000 0.0
$524,001 - $787,000 0.3
$420,001 - $524,000 0.6
$315,001 - $420,000 1.5
$210,001 - $315,000 8.4
$105,001 - $210,000 23.3
$52,001 - $105,000 36.0
$0 - $52,000 30.0

Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
80.5168170631665 74.9367088607595

Number Of Homes And Apartments:
3,368

Murphysboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
32.80% 1.66% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$704 / per month

Homeownership Rate

Homeownership
Owners 57.76
Renters 42.24
Vacant 20.55

Housing Market Details

 

Age of Homes

AGE OF Murphysboro HOMES
2000 or Newer 3.8
1970 - 1999 33.1
1940 - 1969 31.9
1939 or Older 31.2

Types of Homes

TYPE OF Murphysboro HOMES
Single-Family 65.7
Townhomes 0.2
Small Apt. Buildings 14.8
Apt. Complexes 12.5
Mobile Homes 6.4
Other 0.4

Home Size

SIZE OF Murphysboro HOMES
No Bedroom 2.85
1 Bedroom 16.07
2 Bedrooms 40.95
3 Bedrooms 30.05
4 Bedrooms 9.22
5 or more bedrooms 0.85

Popular Neighborhoods in Murphysboro

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Zip Codes in Murphysboro, IL