Real Estate Investing in Murphy, Idaho (83650)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 83650 (Murphy, ID)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 46.5% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Murphy, ID (83650)?
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Market Analysis: 83650 Murphy
Investors eyeing 83650 need to respect the fundamentals at play. Home values of $431K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 83650 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 83650 and stronger Murphy ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 83650 ZIP's population of 550 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Murphy:
Market Trends
Home Value History (with trend line)
📊 How Does 83650 Compare?
| Metric | 83650 | Murphy | Boise City, ID | Idaho |
|---|---|---|---|---|
| Home Value | $431,480 | $431,480 | N/A | $465,545 |
| 5-Year CAGR | 2.9% | 2.9% | N/A | 7.2% |
| Avg Rent | $1,494 | $1,494 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 83650 (Murphy, ID). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $431,480 |
| Monthly Rent | $1,494 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +11.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 83650
Population: 550
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
Frequently Asked Questions
What type of investing works in Murphy, ID?
The best-fit strategy in Murphy, ID is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How much do tenants pay in Murphy, ID?
Murphy, ID rentals go for roughly $1,494/mo a month. That puts gross yield in solid territory relative to $431K acquisition costs.
How strong is the working-renter base in Murphy, ID?
The tenant pool in Murphy, ID is solid, supported by local employment and population fundamentals. Rents of $1,494/mo are well-absorbed by the market.
Does house hacking work in Murphy, ID?
Murphy, ID is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $431K price point reasonable to enter.
Are landlord laws favorable in Murphy, ID?
Landlord-friendliness in Murphy, ID is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 83650 now. You don’t know where it ranks.
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How 83650 ranks in Boise City, ID
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