Market Overview
Home Prices in Morrice, MI
The median home value in Morrice, MI is $245,705 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.4% compared to a year ago and up 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Morrice are priced40% below average. Morrice is part of the Lansing-East Lansing, MI metro area.
Over the past five years, Morrice home values have risen by approximately22.2%, reflecting strong long-term appreciation in this market.
Price History
Morrice Home Price Trend
City Comparison
Morrice vs. National Median
At $245,705, homes in Morrice cost 40% below the national median of $410,000. This makes Morrice a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Morrice?
20% Down Payment
$49,141
on $245,705
Monthly P&I
$1,281/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,627/mo
incl. taxes & insurance
Income Needed
$65,080
gross annual (30% rule)
10% Down Option
$24,571
+ PMI applies
Loan Amount (20% dn)
$196,564
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 Morrice, MI?
The median home value in Morrice is $245,705 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.4% year-over-year.
How much have home prices changed in Morrice?
Over the past year, home values in Morrice have increased by 3.4%. Over five years, prices have risen approximately 22.2%.
How much do I need to earn to buy a home in Morrice?
To comfortably afford the median home price of $245,705 with a 20% down payment ($49,141) at today's rates (6.8%), you'd need a gross annual income of approximately $65,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Morrice compare to the national average home price?
The national median home value is approximately $410,000. At $245,705, homes in Morrice are 40% below the national average.
What metro area is Morrice part of?
Morrice is part of the Lansing-East Lansing, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.