The housing market in 85540 Morenci, AZ is on the rise. The median value of homes is currently $152,900, which is significantly lower than the US House Median Value of $338,100. This makes it an attractive investment for those looking to buy a home or invest in real estate. In addition, homes in Morenci have seen a 14.29% increase in value over the past year compared to the US 1 year House Appreciation of 8.27%. This indicates that investing in the housing market in this area can be especially lucrative and homeowners can see a great return on their investment.
The median home cost in Morenci (zip 85540) is $152,900. Home appreciation the last 10 years has been 138.7%. Home Appreciation in Morenci (zip 85540) is up 18.9%.
Average Age of Homes
- The median age of Morenci (zip 85540) real estate is 45 years old
The Rental Market in Morenci (zip 85540)
- Renters make up 77.9% of the Morenci (zip 85540) population
- 13.7% of houses and apartments in Morenci (zip 85540), 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.