Murphy, ID High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Murphy, Idaho Market population: 18K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
📊 Avg Property Tax Rate For Murphy TX Properties: 1.4600%
📊 Average Income For Murphy TX Commercial Property: $118,231
Investor Questions For Murphy TX
Common questions from investors exploring commercial real estate in Murphy TX.
What makes Murphy, TX an attractive location for real estate investment?
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The combination of a high median household income of $118,231, a low poverty rate of 3.7%, and a diverse population with top ethnicities including White, White Non-Hispanic, and Asian, suggests a stable and growing market. The city's strong employment numbers, with 8,979 employed individuals and top industries in Wholesale Trade, Information, and Manufacturing, also contribute to its appeal. Additionally, the high health insurance coverage rate of 91.4% indicates a market with access to quality healthcare.
How does the commute time and transportation infrastructure impact the quality of life for residents in Murphy, TX?
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The average commute time of 28.9 minutes in Murphy, TX is relatively low, and the top commute methods of driving alone, working from home, and carpooling suggest a flexible and convenient transportation infrastructure. This, combined with the high median household income and low poverty rate, indicates a high quality of life for residents. The fact that 91.4% of the population has health insurance coverage also suggests that residents have access to necessary healthcare services.
What are the key factors that contribute to the stability of the housing market in Murphy, TX?
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The high homeownership rate of 89.9% and the relatively low poverty rate of 3.7% contribute to the stability of the housing market in Murphy, TX. The median property value of $272,200 and median property taxes of $4,830 also suggest a market with a strong tax base and relatively high property values. Furthermore, the diverse population and strong employment numbers, with top industries in Wholesale Trade, Information, and Manufacturing, help to drive demand for housing and support market stability.
How does the ethnic diversity and foreign-born population impact the demand for housing in Murphy, TX?
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The ethnic diversity of Murphy, TX, with top ethnicities including White, White Non-Hispanic, and Asian, and a foreign-born rate of 24.5%, suggests a market with a strong demand for housing from a diverse range of populations. The fact that 91.4% of the population has health insurance coverage also indicates a market with access to quality healthcare, which can help to attract and retain residents. The combination of a high median household income and a diverse population helps to drive demand for housing and support market growth.
What are the implications of the GINI coefficient and poverty rate for real estate investors in Murphy, TX?
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The GINI coefficient of 0.333 and poverty rate of 3.7% in Murphy, TX suggest a market with relatively low income inequality and a strong social safety net. The fact that 91.4% of the population has health insurance coverage also indicates a market with access to quality healthcare, which can help to reduce the risk of investment. The combination of a high median household income, diverse population, and strong employment numbers, with top industries in Wholesale Trade, Information, and Manufacturing, helps to support market stability and drive demand for housing.
Murphy TX Real Estate & City Facts
Key facts and real estate information about Murphy TX.
What are some of the best neighborhoods to live in Murphy?
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Some of the best neighborhoods to live in Murphy include Crescent Hill, Maxwell Creek, and Murphy Farms. These neighborhoods offer beautiful homes with mature landscaping and a strong sense of community. Additionally, areas like The Ranch and The Timbers are also popular among residents.
What are some fun things to do in Murphy?
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Murphy has a variety of fun things to do, including visiting Murphy Central Park, Aviary Park, and Mustang Park. You can also check out the Play Street Museum, Psa Murphy, and Travis Farm Park. For kid-friendly activities, consider visiting the Jumpstreet Indoor Trampoline Park or the In-Sync Exotics Wildlife Rescue.
What is the food scene like in Murphy?
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The food scene in Murphy is diverse and offers a range of options. Some popular restaurants include Cristina's Fine Mexican Restaurant, The BackYard Murphy, and La Flor Mexican Grill. You can also find nice dinner spots like Creekside Fine Grill and Roman Cucina. Additionally, there are many restaurants available for delivery and takeout through services like Beyond Menu.
What are the pros and cons of living in Murphy?
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The pros of living in Murphy include its great neighborhoods, outdoor activities, and community areas. However, some cons might include the need to decide between Plano ISD and Wylie ISD, as some Murphy neighborhoods are zoned to Wylie. Additionally, traffic and commute times can be a challenge in the area.
Is Murphy a good place to live?
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Overall, Murphy is a great place to live, offering a strong sense of community, beautiful homes, and plenty of outdoor activities. While there may be some challenges, such as traffic and commute times, the city's pros outweigh its cons. With its diverse food scene, kid-friendly attractions, and nice dinner spots, Murphy is an excellent choice for families and individuals alike.
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