Morley, MI—49336
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morley, MI
As of Oct '25, the median home price in Morley, MI is $186,000, with a year-over-year change of -0.1%. This indicates that home prices in Morley, MI are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $186,000 | -0.1% |
| Single Family | $186,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Morley, MI
Morley, 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 |
% of Rental Stock
Property Listings — Morley, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Morley, MI is 67. This is a decrease of -30.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $275,000 | -25.0% |
Listing Count | 13 | -12.0% |
| Listings as % of Homes | 0.9% | -12.0% |
Days on Market | 67 | -30.0% |
Demographics — Morley, MI
As of the latest ACS Survey released in 2023, Morley, MI has a population of 4,730, which has increased by 11.7% over the past 5 years. Morley, MI is a popular place for families, as children make up 28.5% of the population. The area has a poorly educated workforce, with 10.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,730 | 11.7% |
% Under 18 | 28.5% | 15.4% |
% Seniors | 17.8% | -3.3% |
% WFH | 9.3% | 52.5% |
% w/ College Degree | 10.3% | 6.2% |
As of the latest ACS Survey released in 2023, Morley, MI is a predominantly white area, with 92.7% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Morley, MI is hispanic, making up 2.6% of the population. Foreign-born residents account for 2.2% of the population in Morley, MI, and this percentage has increased by 266.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.7% | -3.5% |
% Black | 1.8% | 1,700.0% |
% Hispanic | 2.6% | 62.5% |
% Asian | 0.6% | 0.0% |
% Foreign Born | 2.2% | 266.7% |
Mortgage and Risk — Morley, MI
According to HUD data as of 2023, there were 71 mortgage originations in Morley, MI, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Morley, 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 | 71 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Morley, MI
Morley, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | N/A | N/A | $1,020 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Morley, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $186,000 |
| Median Household Income | $54,900 |