Why Live in Morenci
Morenci is a vibrant neighborhood known for its active community and evolving business district. Historically rooted in agriculture, Morenci has embraced the cannabis industry, boosting local economic growth and revitalizing the downtown area. Residents enjoy a close-knit atmosphere, participating in school events and annual celebrations. Downtown Morenci features local attractions such as North Street Pub, which hosts trivia nights and live music, and The Rex Theatre, known for concerts and comedy shows. The Dairy Depot offers seasonal ice cream, while Village Inn serves as a cozy breakfast spot. The social district allows outdoor enjoyment of alcoholic beverages, enhancing the local experience. Despite the proximity of five marijuana dispensaries, the business district maintains a distinct identity, attracting visitors from Ohio due to competitive pricing. Morenci's residential streets are lined with Cape Cods, ranch-style houses, and American Foursquares, with some unique Tudor-inspired designs. While homes near the business district may experience increased traffic and noise, the overall area is characterized by large lots and shaded sidewalks. Local parks like Wakefield Park and Stephenson Park provide diverse recreational opportunities, including skateboarding, pickleball, and ADA-accessible playgrounds. Riverside Natural Area offers wooded trails, while Adventure Bound Camping Resorts - Green Valley invites seasonal campers. Community events such as Summer Saturdays and Fall Fest celebrate the neighborhood's spirit. Residents often travel to Adrian for shopping and services, with Toledo accessible via Highway 20, located 4 miles south.
Frequently Asked Questions
What is the average home price in Morenci, MI?
Homes for sale in Morenci, MI have an average home price of $180,550.
How many homes have sold over the last 12 months in Morenci, MI?
82 homes have sold in Morenci, MI over the last 12 months.
What are the most popular zip codes in Morenci, MI?
How much do you need to make to afford a house in Morenci?
The median home price in Morenci is $155,000. If you put a 20% down payment of $31,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $810 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $35K a year to afford the median home price in Morenci.
How are the schools in Morenci, MI?
Home Trends in Morenci, MI
On average, homes in Morenci, MI sell after 75 days on the market compared to the national average of 50 days. The median sale price for homes in Morenci, MI over the last 12 months is $147,300, up 27% from the median home sale price over the previous 12 months.
Median Sale Price
$147,300
Median Single Family Sale Price
$147,300
Average Price Per Sq Ft
$106
Number of Homes for Sale
10
Last 12 months Home Sales
82
Median List Price
$155,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
27%
