The housing market in Morrice, MI is doing well. The median value of homes in Morrice is $187,200, which is significantly lower than the US House Median Value of $338,100. Over the past year, the US housing market has appreciated 8.27%, while the appreciation rate in Morrice was even higher at 8.98%. This indicates that despite being lower than the US median house value, homes in Morrice have been increasing in value faster than those nationwide.
The median home cost in Morrice is $187,200. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Morrice is up 12.2%.
Average Age of Homes
- The median age of Morrice real estate is 38 years old
The Rental Market in Morrice
- Renters make up 18.4% of the Morrice population
- 1.2% of houses and apartments in Morrice, 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.