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Mount Morris Consolidated

Learn about the people, housing, costs and businesses in Mount Morris Consolidated, Michigan

Median Home$117,420
Median Rent$916/month
Population15,339
Leading IndustriesFinance & Insurance · Information & Media · Education8% finance & insurance
Home Value Growth⬆⬆+19.5% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners71% of occupied units
NotableAffordable Market$117k median home · lower cost than 93% of the country
Mount Morris Consolidated
MI

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

Frequently Asked Questions

What are today's mortgage rates in Mount Morris Consolidated?

As of today, the 30-year fixed mortgage rate for Mount Morris Consolidated is approximately 7.315% (7.365% 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 Mount Morris Consolidated?

The median home value in Mount Morris Consolidated is $117k. The median monthly rent is $916. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mount Morris Consolidated?

Home values in Mount Morris Consolidated have increased 19.5% 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 Mount Morris Consolidated?

Based on a typical all-in ownership cost of $817/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mount Morris Consolidated is $53k/year.

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What industries drive the economy in Mount Morris Consolidated?

The largest employment sectors in Mount Morris Consolidated are public administration (22%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.