Commercial Real Estate Market in Murphy, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
20 active listings and 123 off-market properties in Murphy, TX.
Market Trends
Murphy, TX spans 7.2 square miles in Collin County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Murphy, TX asks $381/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Murphy, TX asks $764/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Murphy, TX runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Murphy, TX asks $244/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 41.9%
- Civic 35.2%
- Planned_development 12.9%
- Open space 7.3%
- Commercial 2.2%
- Agricultural 0.5%
Largest Zones share of zoned land by district
Single Family Residential
Single Family Residential
Single Family Estate
Single Family Residential 20
Single Family Residential
Single Family Residential (SF-9/SF-11/SF-20)
The intent of this zone is to promote single family residential uses.
Market overview
Demographics & Economy
Murphy, TX has 23,864 residents in 6,716 households. Density runs 3,330 people per square mile. Median household income here is $161,473 and median gross rent $2,680 a month.
23,864
Population
6,716
Households
3.6
Avg Household Size
38
Median Age
56%
College-Educated
94%
High-School Grad
7.2 sq mi
ZIP Area
3,330
Density / Sq Mi
$161,473
Median Household Income
$64,940
Median Earnings
$2,680
Median Rent
$495,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Plano | — | $23.55 |
| Richardson | — | $35.82 |
| Parker | — | — |
| Allen | — | $18.62 |
Commercial property in Murphy, TX asks $441/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Murphy?
Commercial property in Murphy, TX asks an average of $441 per square foot. Retail carries the highest asking price at $764/SF.
Where does Realmo's Murphy market data come from?
Realmo compiles Murphy, TX figures from 15 active sale listings, 5 active lease listings, 123 tracked off-market properties, the current Murphy zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 5 active for-lease listings in Murphy, TX. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 3,002 zoned acres across 22 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
