Morenci, AZ is a great place to invest in housing. According to data from the US Census Bureau, the median value of houses in Morenci is $80,400, which is significantly lower than the US median value of houses at $338,100. In the last year alone, house values have appreciated by 14.29%, more than double the national average of 8.27%. This makes Morenci a great place to invest in real estate, as there are great opportunities for growth and appreciation over time.
The median home cost in Morenci is $80,400. Home appreciation the last 10 years has been 138.7%. Home Appreciation in Morenci is up 18.9%.
Average Age of Homes
- The median age of Morenci real estate is 44 years old
The Rental Market in Morenci
- Renters make up 67.7% of the Morenci population
- 22.9% of houses and apartments in Morenci, 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.