Market Overview
Home Prices in Morenci, MI
The median home value in Morenci, MI is $182,278 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.5% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Morenci are priced56% below average. Morenci is part of the Adrian, MI metro area.
Over the past five years, Morenci home values have risen by approximately28.1%, reflecting strong long-term appreciation in this market.
Price History
Morenci Home Price Trend
City Comparison
Morenci vs. National Median
At $182,278, homes in Morenci cost 56% below the national median of $410,000. This makes Morenci a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Morenci?
20% Down Payment
$36,456
on $182,278
Monthly P&I
$951/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,208/mo
incl. taxes & insurance
Income Needed
$48,320
gross annual (30% rule)
10% Down Option
$18,228
+ PMI applies
Loan Amount (20% dn)
$145,822
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Morenci, MI?
The median home value in Morenci is $182,278 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.5% year-over-year.
How much have home prices changed in Morenci?
Over the past year, home values in Morenci have increased by 9.5%. Over five years, prices have risen approximately 28.1%.
How much do I need to earn to buy a home in Morenci?
To comfortably afford the median home price of $182,278 with a 20% down payment ($36,456) at today's rates (6.8%), you'd need a gross annual income of approximately $48,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Morenci compare to the national average home price?
The national median home value is approximately $410,000. At $182,278, homes in Morenci are 56% below the national average.
What metro area is Morenci part of?
Morenci is part of the Adrian, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.