Morenci, MI 49256 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Morenci, MI—49256

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$167,000

6.0% YoY Growth

Household Income

$61,000

44.8% YoY Growth

Days on Market

32.0% Shorter YoY

Home Price Forecast

2.9%

Median Rent

$800

23.5% YoY Growth

1-Bed Rent

$900

28.6% YoY Growth

2-Bed Rent

$800

18.5% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Morenci, MI

As of Dec '25, the median home price in Morenci, MI is $167,000, with a year-over-year change of 6.0%. This indicates that home prices in Morenci, MI are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$167,000	6.0%
Single Family	$167,000	7.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Morenci, MI

As of July '25, Rentcast reports the average rent in Morenci, MI is $850, with a year-over-year rent change of 23.5%. Per bedroom, the median rent as of July '25 in Morenci, MI is 1-bedrooms: $900, 2-bedrooms: $800. The most common rental property sizes in Morenci, MI are 3-bedroom and 2-bedroom, accounting for 31.5% and 27.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$800	$850
Studio Rent	N/A	N/A
1 Bed Rent	$900	$900
2 Bed Rent	$800	$800
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

24.7%

2 Bedrooms

27.8%

3 Bedrooms

31.5%

4 Bedrooms

15.3%

5+ Bedrooms

0.7%

Property Listings — Morenci, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Morenci, MI is 38. This is a decrease of -12.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$111,000	-9.0%
Listing Count	21	12.0%
Listings as % of Homes	0.8%	12.0%
Days on Market	44	-32.0%

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Demographics — Morenci, MI

As of the latest ACS Survey released in 2023, Morenci, MI has a population of 3,830, which has decreased by -2.3% over the past 5 years. Morenci, MI is a moderately popular place for families, as children make up 21.6% of the population. The area has a poorly educated workforce, with 11.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,830	-2.3%
% Under 18	21.6%	-17.9%
% Seniors	18.1%	6.5%
% WFH	2.7%	80.0%
% w/ College Degree	11.9%	13.3%

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As of the latest ACS Survey released in 2023, Morenci, MI is a predominantly white area, with 90.2% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Morenci, MI is hispanic, making up 6.5% of the population. Foreign-born residents account for 0.7% of the population in Morenci, MI, and this percentage has decreased by 63.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	90.2%	-1.1%
% Black	0.1%	-80.0%
% Hispanic	6.5%	51.2%
% Asian	0.1%	-80.0%
% Foreign Born	0.7%	-63.2%

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Mortgage and Risk — Morenci, MI

According to HUD data as of 2023, there were 68 mortgage originations in Morenci, MI, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Morenci, MI. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	68
% Conventional Loans	69.0%
% Government Loans	31.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Morenci, MI

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

Section 8 Market Size

Total Units under HUD	5
Total Units Section 8	5
% 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	-$140	$900	$760
2 Bedroom	$180	$800	$980
3 Bedroom	N/A	N/A	$1,270
4 Bedroom	N/A	N/A	$1,480

Morenci, MI—49256

Key Metrics at a Glance

Home Price Trends — Morenci, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Morenci, MI

% of Rental Stock

Property Listings — Morenci, MI

Demographics — Morenci, MI

Race and Ethnicity

Mortgage and Risk — Morenci, MI

Mortgages

Rentals and Section 8 — Morenci, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Morenci, MI

Home Price to Income Ratio

Morenci, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Clayton, MI

Fayette, OH

Weston, MI

Lyons, OH

Hudson, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.4
Median Home Price	$167,000
Median Household Income	$61,000

Morenci, MI—49256

Key Metrics at a Glance

Home Price Trends — Morenci, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Morenci, MI

% of Rental Stock

Property Listings — Morenci, MI

Demographics — Morenci, MI

Race and Ethnicity

Mortgage and Risk — Morenci, MI

Mortgages

Rentals and Section 8 — Morenci, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Morenci, MI

Home Price to Income Ratio

Morenci, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Clayton, MI

Fayette, OH

Weston, MI

Lyons, OH

Hudson, MI

Frequently Asked Questions

What is the average home price in Morenci, MI 49256?

How have home prices in Morenci, MI 49256 changed over the past year?

What is the home price projection for Morenci, MI 49256?

What are the demographics of Morenci, MI 49256?

How long does it take homes to sell in Morenci, MI 49256?

What is the average rent price in Morenci, MI 49256?