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 $91,350, lower than the Michigan average of $196,062.
The average cost of rent is $773/mo in Morenci, primarily driven by the current value of real estate in the Morenci area. While nearly 46.68% of residents own their homes outright in Morenci, 23.61% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morenci is $4,033 per month. Households that rent pay about 19.18% of their income on rent here. Morenci's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- North Morenci, MI: higher priced homes
- Powers, OH: higher priced homes
- Seneca, MI: higher priced homes
- Weston, MI: higher priced homes
- Munson, MI: higher priced homes
- Medina, MI: higher priced homes
- Fayette, OH: higher priced homes
- Lyons, OH: higher priced homes
- Sand Creek, MI: higher priced homes
- Tedrow, OH: higher priced homes
Cities with Similar Populations
- Norway, MI: higher priced homes
- Newbury, MA: higher priced homes
- Conway, NH: higher priced homes
- Bon Secour, AL: higher priced homes
- Abernathy, TX: higher priced homes
- Kingston, OH: higher priced homes
- Jesup, IA: higher priced homes
- Italy, TX: higher priced homes
- Glenwood, MD: higher priced homes
- Friedens, PA: higher priced homes
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