Zip 49256 (Morenci, MI) Housing

The housing market in Morenci, MI (49256) is fairly strong. The median value of a home in Morenci is 124,000 dollars, which is significantly lower than the national median of 338,100 dollars. In the past year, the US has seen an 8.27% appreciation in house prices; however, Morenci has experienced a 9.09% appreciation rate. This shows that the housing market in Morenci is outperforming other areas across the country and stands to benefit its current and potential homeowners alike.

The median home cost in Morenci (zip 49256) is $124,000. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Morenci (zip 49256) is up 16.2%.

Average Age of Homes

- The median age of Morenci (zip 49256) real estate is 67 years old

The Rental Market in Morenci (zip 49256)

- Renters make up 20.0% of the Morenci (zip 49256) population
- 0.0% of houses and apartments in Morenci (zip 49256), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Morenci, Michigan	United States
	1,680.0	139,647,020.0
	68	42
	$124,000	$338,100
	16.2%	16.6%
	56.4%	57.0%
	106.2%	101.1%
	$14.52	$10.98
	$1,688	$2,690
	70.5%	57.4%
	10.0%	11.2%
	19.5%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	2.0%	0.7%
	0.6%	0.4%
	0.6%	3.6%
	6.8%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	4.6%	2.4%
	22.9%	2.8%
	12.7%	3.9%
	14.5%	4.5%
	19.1%	11.3%
	14.2%	13.0%
	6.3%	20.1%
	3.0%	13.6%
	0.9%	8.3%
	0.3%	9.7%
	0.0%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.6%	13.6%
	3.6%	13.6%
	7.1%	13.6%
	4.8%	13.2%
	13.0%	14.8%
	7.1%	13.6%
	9.1%	10.0%
	6.3%	4.7%
	41.0%	12.2%

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