The housing in Morley, MI is relatively affordable compared to the US median value of $338,100. The median value for a house in Morley is $154,800. Furthermore, the one year appreciation rate for houses in Morley is 12.54%, which is much higher than the national average of 8.27%. This makes Morley an attractive place to buy a house as it offers good value and potential for capital appreciation.
The median home cost in Morley is $154,800. Home appreciation the last 10 years has been 120.9%. Home Appreciation in Morley is up 16.2%.
Average Age of Homes
- The median age of Morley real estate is 57 years old
The Rental Market in Morley
- Renters make up 25.6% of the Morley population
- 0.0% of houses and apartments in Morley, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.