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ZIP Code · NC

ZIP 28906

Part of Murphy, NC
Pop. 20,526·Cherokee County·104th most expensive ZIP in North Carolina
Median rent (all units)
$1,650/mo
Year-over-Year
Stable
Month-over-Month
+77.4%
vs US Median
-$315
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 28906 · $1,650
More affordable than 60% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$780
1 BR
$830
2 BR
$930
3 BR
$1,280
4 BR+
$1,480
Research median
$930/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: March 21, 2026

Annual cost
$19,800/yr
At $1,650/mo median
Location
CityMurphy
StateNC
CountyCherokee County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +77.4% MoM), not inventory.
Demographics

Who lives here

ZIP 28906 (Murphy, NC) is majority owner-occupied, has a large retiree population, has a median income below the national average, 25% of residents hold a bachelor's degree or higher.

Population
20,526
Median income
$55,759
Median age
56.5
Renters
15.8%
Age distribution
15.2%
13.2%
19.9%
16.9%
34.9%
Under 1815.2%
18–3413.2%
35–5419.9%
55–6416.9%
65+34.9%
Gender
49.9%
50.1%
Male49.9%
Female50.1%
Race & ethnicity
91.7%
White91.7%
Black1.5%
Hispanic3.5%
Other3.1%
Education (25+)
32.4%
35.6%
25%
No HS diploma7.1%
HS diploma32.4%
Some college35.6%
Bachelor's+25%
Housing tenure
84.2%
15.8%
Owner84.2%
Renter15.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 28906 in Murphy, NC has changed in 5 years

Income
$43,195 → $55,759
up 29.1%
Population
19,447 → 20,526
up 5.5%
Renter share
17.5% → 15.8%
-1.7 pts
Bachelor's+
22.7% → 25%
+2.3 pts

Median household income grew from $43,195 to $55,759 between 2021 and 2024, a 29.1% shift. Headcount in the area went from 19,447 to 20,526 between 2021 and 2024, a 5.5% change. About 15.8% of households rent today, against 17.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 22.7% to 25%.

Community

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Local insights

Tips for renters in ZIP 28906

About renting in ZIP 28906

Last updated: March 21, 2026

ZIP code 28906 covers Murphy, NC. The median rent here is $1,650/mo as of March 2026. A 1-bedroom rents for a median of $830/mo. A 2-bedroom rents for a median of $930/mo.

At 36% of local median household income ($55,759/yr), ZIP 28906 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 28906?

As of March 21, 2026, the median monthly rent in ZIP 28906 (Murphy, NC) is $1,650. This is based on aggregated data from public sources and community submissions.

How does ZIP 28906 rent compare to the US average?

ZIP 28906's median rent of $1,650/mo is $315 (16%) below the US national median of $1,965/mo.

How does ZIP 28906 compare to other ZIPs in North Carolina?

ZIP 28906 falls in the middle range for North Carolina, ranking #104 out of 219 ZIPs at $1,650/mo.

How much income do you need to rent in ZIP 28906?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (~$32/hour full-time) to afford the median rent of $1,650/mo in ZIP 28906. The local median household income is $55,759/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 28906?

Rent in ZIP 28906 has been relatively stable over the past year, with a 0.0% change year over year as of March 21, 2026.

Is ZIP 28906 an affordable place to rent?

ZIP 28906 is considered moderate for renters. At $1,650/mo, rent takes approximately 36% of the local median household income ($55,759/yr). The standard benchmark is 30%. ZIP 28906 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 28906 residents rent vs. own?

According to Census data, approximately 15.8% of ZIP 28906 households are renters, while 84.2% are owner-occupied. ZIP 28906 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 28906 compare to the rest of Murphy?

ZIP 28906 sits right at the Murphy citywide median of $1,650/mo.

When was rent data for ZIP 28906 last updated?

Rent data for ZIP 28906 reflects March 21, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
36%
MODERATE

At $1,650/mo, rent takes ~36% of ZIP 28906's median household income ($55,759/yr). The standard benchmark is 30%.

ZIP 28906 36%Benchmark 30%
State income tax4.5%
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Schools nearby

Public schools near ZIP 28906 (Murphy, NC)

Recent submissions

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