Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Morrice

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

Median Home$156,850
Median Rent$1,136/month
Population1,096
Leading IndustriesManufacturing · Agriculture & Mining · Transportation6% manufacturing
Home Value Growth⬆⬆+15.6% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners77% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Morrice
MI

Frequently Asked Questions

What are today's mortgage rates in Morrice?

As of today, the 30-year fixed mortgage rate for Morrice is approximately 6.951% (6.989% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Morrice
What is the median home price in Morrice?

The median home value in Morrice is $157k. The median monthly rent is $1,136. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morrice?

Home values in Morrice have increased 15.6% 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 Morrice?

Based on a typical all-in ownership cost of $1,080/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morrice is $75k/year.

Calculate your buying power
What industries drive the economy in Morrice?

The largest employment sectors in Morrice are public administration (23%) and agriculture and mining (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.