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Morley

Learn about the people, housing, costs and businesses in Morley, Michigan

Median Home$152,900
Median Rent$954/month
Population540
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Information & Media3% professional services
Home Value Growth⬆⬆⬆+21.0% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners85% of occupied units
NotableHighly Educated27% bachelor's · 12% graduate · top 14% nationally
Morley
MI

Frequently Asked Questions

What are today's mortgage rates in Morley?

As of today, the 30-year fixed mortgage rate for Morley is approximately 6.894% (6.930% 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 Morley?

The median home value in Morley is $153k. The median monthly rent is $954. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morley?

Home values in Morley have increased 21.0% 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 Morley?

Based on a typical all-in ownership cost of $852/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morley is $58k/year.

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What industries drive the economy in Morley?

The largest employment sectors in Morley are public administration (22%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.