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Affordable
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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 $160,594, lower than the Arizona average of $421,436.
The average cost of rent is $647/mo in Morenci, primarily driven by the current value of real estate in the Morenci area. In Morenci, 80.80% of households rent, and 97.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morenci is $5,681 per month. Households that rent pay about 11.38% of their income on rent here. Morenci’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Clifton, AZ: less expensive homes
- Guthrie, AZ: equally 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: less expensive homes
- Buchanan, TN: higher priced homes
- Conneaut Lakeshore, PA: equally priced homes
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