Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Morenci area can be challenging. Home prices in Morenci are now at a median cost of $124,421, lower than the Arizona average of $274,828.
The average cost of rent is $524/mo in Morenci, primarily driven by the current value of real estate in the Morenci area. While nearly 45.77% of residents own their homes outright in Morenci, 83.95% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morenci is $6,921 per month. Households that rent pay about 7.58% of their income on rent here. Morenci's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Clifton, AZ: less expensive homes
- Guthrie, AZ: higher priced homes
- York, AZ: higher priced homes
- Mule Creek, NM: higher priced homes
- Eden, AZ: higher priced homes
- Buckhorn, NM: higher priced homes
- Fort Thomas, AZ: higher priced homes
- Cliff, NM: higher priced homes
- Gila, NM: higher priced homes
- Geronimo, AZ: less expensive homes
Cities with Similar Populations
- Ault, CO: higher priced homes
- Aurora, MN: less expensive homes
- Avonmore, PA: equally priced homes
- Bethlehem, NH: higher priced homes
- Bradford, TN: less expensive homes
- Bristol, IL: higher priced homes
- Brownsville, OR: higher priced homes
- Broxton, GA: equally priced homes
- Buchanan, TN: equally priced homes
- Conneaut Lakeshore, PA: higher priced homes
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