Murphysboro, IL Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Murphysboro, IL Housing Market Trends

With a population of 7,406, 3,307 total housing units (homes and apartments), and a median house value of $87,369, house prices in Murphysboro are some of the most affordable in Illinois as well as the nation.

Single-family detached homes are the single most common housing type in Murphysboro, accounting for 66.31% 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 ( 15.53%), mobile homes or trailers ( 8.17%), and a few large apartment complexes or high rise apartments ( 7.96%).

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 ( 32.35%). A lesser amount of the housing stock also hails from before 1939 ( 27.36%). There's also some housing in Murphysboro built between 2000 and later ( 7.73%).

Vacant housing appears to be an issue in Murphysboro. Fully 13.09% 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

Homes have actually lost value in Murphysboro over the last then years, as home values have seen a decline of 4.16% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Murphysboro home appreciation rates at 1.51%, which equates to an annual appreciation rate of 6.17%.

Over the last year, Murphysboro appreciation rates have trailed the rest of the nation. In the last twelve months, Murphysboro's appreciation rate has been 3.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Murphysboro were at 1.51%, which equates to an annual appreciation rate of 6.17%.

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 lower than 50% of the other cities and towns in Illinois.

Average Home Values

 
info

Median Home Value:
$87,369

Murphysboro, IL HOME PRICES

> $1,057,000
0.1%
0.1%
$793,001 - $1,057,000
0.7%
0.7%
$529,001 - $793,000
0.3%
0.3%
$423,001 - $529,000
0.5%
0.5%
$317,001 - $423,000
2.6%
2.6%
$211,001 - $317,000
6.3%
6.3%
$106,001 - $211,000
24.0%
24.0%
$53,001 - $106,000
36.9%
36.9%
$0 - $53,000
28.6%
28.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for IL

Value Relative To Nation

Number Of Homes And Apartments:
3,307

Murphysboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
25.67% 1.09%
3
1
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$752 / per month

Homeownership Rate

Owners
52.3%
52.3%
Renters
47.7%
47.7%
Vacant
13.1%
13.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
7.7%
7.7%
1970 - 1999
32.6%
32.6%
1940 - 1969
32.4%
32.4%
1939 or Older
27.4%
27.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
66.3%
66.3%
Townhomes
0.3%
0.3%
Small Apt. Buildings
15.5%
15.5%
Apt. Complexes
8.0%
8.0%
Mobile Homes
8.2%
8.2%
Other
1.8%
1.8%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
14.7%
14.7%
2 Bedrooms
40.9%
40.9%
3 Bedrooms
30.0%
30.0%
4 Bedrooms
11.9%
11.9%
5 or more bedrooms
1.3%
1.3%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Murphysboro

Popular Communities Near Murphysboro, IL

Zip Codes in Murphysboro, IL