Valley River Apartments

Valley River Apartments

Newly Constructed Affordable Rental Community for Families in North Carolina

In the heart of Murphy, a small town known for its close-knit community and scenic foothills, lies Valley River Apartments, a newly constructed affordable rental community. This property offers 56 spacious one-, two-, and three-bedroom homes ranging from 851 to 1,271 square feet, thoughtfully designed across five walk-up buildings. These homes will serve households earning up to 50%-60% of the Area Median Income—placing affordability within reach for local families.

This project was developed through a collaborative partnership with Western North Carolina Housing Partnership, Inc., and is being managed by the experienced team at United Property Management. Modern amenities within the property include washer/dryer hookups in each unit, a community laundry room, and tenant storage closets. Shared spaces, such as a multi-purpose room with a kitchen, a playground enhanced by one of CAHEC's Partner Grants, and a picnic shelter, foster connections and support a strong community culture.

Valley River Apartments
Valley River Apartments
BY THE NUMBERS

New Construction Units: 56
Private Equity Investment: $6,696,824

During Construction:
Local Jobs Supported: 50
Projected Government Revenue: $951,776

For many families in the area, finding safe, modern, and affordable housing has been an ongoing challenge. Existing affordable and market-rate apartments remain fully occupied, often with long waitlists. Valley River Apartments will help directly respond to this need. Convenience and opportunity will define life at Valley River. Located directly beside Murphy's Walmart, one of the area's largest employers, and steps away from Walgreens and Ingles Shopping Center, residents will have walkable access to essential goods, groceries, and employment.



Valley River Apartments delivers more than just buildings; it offers stability. Parents will worry less about housing costs, children will have safe places to play, and workers will be steps from employment and opportunity. Murphy will also gain a resource essential to long-term growth: affordable, high-quality housing. Valley River Apartments is more than a development; it's a promise that families in and around Murphy, NC can live, work, and thrive close to home for years to come.