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Morenci Unified District

Learn about the people, housing, costs and businesses in Morenci Unified District, Arizona

Median Home$330,193
Median Rent$999/month
Population55,665
Leading IndustriesManufacturing · Agriculture & Mining · Retail6% manufacturing
Home Value Growth+10.5% over 2 years
Young Adults27% of residentsnear the national average
Homeowners70% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
Morenci Unified District
AZ

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Morenci Unified District?

As of today, the 30-year fixed mortgage rate for Morenci Unified District is approximately 6.930% (6.967% 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 Unified District?

The median home value in Morenci Unified District is $330k. The median monthly rent is $999. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morenci Unified District?

Home values in Morenci Unified District have increased 10.5% 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 Unified District?

Based on a typical all-in ownership cost of $1,145/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morenci Unified District is $86k/year.

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What industries drive the economy in Morenci Unified District?

The largest employment sectors in Morenci Unified District are public administration (22%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.