Murphy Acres Estates, Joliet, IL
Murphy Acres Estates — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Murphy Acres Estates, Joliet, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Murphy Acres Estates Neighborhood Overview
Murphy Acres Estates is a residential neighborhood located in the southwest area of Joliet, Illinois. Characterized by its quiet, suburban atmosphere, it offers residents a peaceful retreat while maintaining convenient access to the broader region. The community is known for its well-maintained homes and family-friendly environment.
Lifestyle & Amenities
Residents enjoy a lifestyle centered around suburban comfort and local convenience. The neighborhood features a mix of single-family homes with spacious lots, providing ample room for outdoor activities. While specific local shops are within the broader Joliet area, major retail centers and dining options are a short drive away.
Real Estate Market
The real estate market in Murphy Acres Estates consists primarily of single-family homes. According to recent data, the median home value is $262,200, with a current average asking price per square foot around $200.64. This positions the neighborhood as an attractive option for homebuyers seeking value in the Joliet market.
Schools & Education
Families in Murphy Acres Estates are served by the Joliet Public Schools District 86 and Joliet Township High School District 204. The area provides access to a range of public educational institutions from elementary through high school. Parents are encouraged to research specific school boundaries and ratings for the most current information.
Transportation & Connectivity
The neighborhood benefits from good connectivity via major roadways like Interstate 55 and U.S. Route 52, facilitating commutes to Joliet's downtown, Chicago, and other employment centers. While primarily car-dependent, the area's layout offers straightforward access to essential services and regional destinations.
Why Choose Murphy Acres Estates
Murphy Acres Estates appeals to those seeking an affordable, stable suburban community with a median household income of $109,136. It offers a balance of quiet residential living and practical accessibility to the amenities of Joliet. The neighborhood represents a solid value for homebuyers looking to establish roots in the southwest Chicago suburbs.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Murphy Acres Estates Market Data
| Metric | Value |
|---|---|
| Median Home Price | $262K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $109K |
| Homeownership Rate | 90.0% |
| Renter-Occupied | 10.0% |
| Rental Vacancy Rate | 11.4% |
| Market Type | Buyer's |
| Market Tier | Mid-Market |
| Primary ZIP Code | 60431 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Murphy Acres Estates, Joliet
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Murphy Acres Estates, Joliet, IL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12