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Morenci Area Schools

Learn about the people, housing, costs and businesses in Morenci Area Schools, Michigan

Median Home$341,151
Median Rent$1,405/month
Population28,513
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services17% arts, food & hospitality
Home Value Growth⬆⬆+15.0% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners86% of occupied units
NotableHigh Incomes$133k/year · top 3% nationally
NotableHighly Educated29% bachelor's · 20% graduate · top 6% nationally
Morenci Area Schools
MI

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Frequently Asked Questions

What are today's mortgage rates in Morenci Area Schools?

As of today, the 30-year fixed mortgage rate for Morenci Area Schools is approximately 6.883% (6.919% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Morenci Area Schools?

The median home value in Morenci Area Schools is $341k. The median monthly rent is $1,405. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morenci Area Schools?

Home values in Morenci Area Schools have increased 15.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Morenci Area Schools?

Based on a typical all-in ownership cost of $1,707/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $73k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morenci Area Schools is $133k/year.

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What industries drive the economy in Morenci Area Schools?

The largest employment sectors in Morenci Area Schools are public administration (25%) and healthcare (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.