Morrice, MI 48857 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Morrice, MI—48857

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$246,000

4.1% YoY Growth

Household Income

$81,300

19.1% YoY Growth

Days on Market

25.0% Shorter YoY

Home Price Forecast

0.6%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Morrice, MI

As of May '26, the median home price in Morrice, MI is $246,000, with a year-over-year change of 4.1%. This indicates that home prices in Morrice, MI are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$246,000	4.1%
Single Family	$246,000	4.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Morrice, MI

Morrice, MI lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

9.1%

2 Bedrooms

17.5%

3 Bedrooms

48.1%

4 Bedrooms

1.9%

5+ Bedrooms

23.4%

Property Listings — Morrice, MI

As of May '26, Realtor.com reports that the median days on market for a home in Morrice, MI is 36. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$257,000	-6.0%
Listing Count	7	100.0%
Listings as % of Homes	0.2%	100.0%
Days on Market	36	-25.0%

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Demographics — Morrice, MI

As of the latest ACS Survey released in 2023, Morrice, MI has a population of 3,490, which has increased by 23.8% over the past 5 years. Morrice, MI is a popular place for families, as children make up 27.2% of the population. The area has a poorly educated workforce, with 11.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,490	23.8%
% Under 18	27.2%	22.0%
% Seniors	16.4%	40.2%
% WFH	4.2%	-23.6%
% w/ College Degree	11.7%	-27.8%

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As of the latest ACS Survey released in 2023, Morrice, MI is a predominantly white area, with 93.1% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Morrice, MI is hispanic, making up 1.7% of the population. Foreign-born residents account for 0.5% of the population in Morrice, MI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	93.1%	-2.8%
% Black	0.5%	∞%
% Hispanic	1.7%	-19.0%
% Asian	0.5%	150.0%
% Foreign Born	0.5%	0.0%

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Mortgage and Risk — Morrice, MI

According to HUD data as of 2023, there were 38 mortgage originations in Morrice, MI, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Morrice, MI. Investor activity is low, as 0.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	38
% Conventional Loans	82.0%
% Government Loans	18.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	21.0%

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Rentals and Section 8 — Morrice, MI

Morrice, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$810
2 Bedroom	N/A	N/A	$1,060
3 Bedroom	N/A	N/A	$1,420
4 Bedroom	N/A	N/A	$1,540

Morrice, MI—48857

Key Metrics at a Glance

Home Price Trends — Morrice, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Morrice, MI

% of Rental Stock

Property Listings — Morrice, MI

Demographics — Morrice, MI

Race and Ethnicity

Mortgage and Risk — Morrice, MI

Mortgages

Rentals and Section 8 — Morrice, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Morrice, MI

Home Price to Income Ratio

Morrice, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Perry, MI

Bancroft, MI

Vernon

Durand, MI

Owosso, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$246,000
Median Household Income	$81,300

Morrice, MI—48857

Key Metrics at a Glance

Home Price Trends — Morrice, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Morrice, MI

% of Rental Stock

Property Listings — Morrice, MI

Demographics — Morrice, MI

Race and Ethnicity

Mortgage and Risk — Morrice, MI

Mortgages

Rentals and Section 8 — Morrice, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Morrice, MI

Home Price to Income Ratio

Morrice, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Perry, MI

Bancroft, MI

Vernon

Durand, MI

Owosso, MI

Frequently Asked Questions

What is the average home price in Morrice, MI 48857?

How have home prices in Morrice, MI 48857 changed over the past year?

What is the home price projection for Morrice, MI 48857?

What are the demographics of Morrice, MI 48857?

How long does it take homes to sell in Morrice, MI 48857?

What is the average rent price in Morrice, MI 48857?