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Foreclosure Homes in Morenci, AZ

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Morenci, AZ Foreclosures

How much do homes sell for in Morenci, AZ?
The average home price is currently $275,101.
In Morenci, AZ, how many homes are available?
There are currently 1 active home listings available in Morenci.
What’s the average rental cost in Morenci, AZ?
The average rental price in Morenci is $1,001.
What is the most expensive home in Morenci?
The most expensive home sold in Morenci had a price of $1,730,000.
What is currently the cheapest priced home in Morenci, AZ?
The cheapest home for sale in Morenci is priced at $20,281.

Living in Morenci, AZ

Morenci, AZ is a small, historic town known for its mining legacy and beautiful mountainous surroundings. Ideal for outdoor lovers, the area offers hiking and biking trails. With a close-knit community atmosphere, it’s perfect for families and retirees alike.

Current Market Conditions in Morenci, AZ

The real estate market in Morenci has seen a stable increase over the past year, with home prices appreciating due to the growing popularity of the area among retirees and outdoor enthusiasts. The peaceful environment and scenic views make it a desirable location for those seeking a slower-paced lifestyle.

Investors are beginning to take notice of Morenci, as new developments are forecasted in the coming years, which could contribute to an influx of new residents. The demand for affordable housing options remains strong, particularly among families and individuals looking for a more tranquil setting away from urban centers.

Home Value Estimator For Morenci, AZ

There are currently 407 real estate properties in Morenci, AZ, with a median automated valuation model (AVM) price of $287,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Morenci, AZ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Morenci, AZ, is $275,101.00, with the most expensive house in Morenci, AZ, topping out at $1,730,000.00 and the cheapest home in Morenci, AZ, clocking in at $20,281.00. In other words, there’s something for every potential homebuyer or savvy investor in Morenci, AZ!

Rent Prices In Morenci, AZ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Morenci, AZ, is on a rollercoaster ride. The average rent price in Morenci, AZ, is $1,001.00. Indeed, when looking to rent in Morenci, AZ, you can expect to pay as little as $420.00 or as much as $1,740.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Morenci, AZ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Morenci, AZ Foreclosures


Market Trend for Morenci, AZ

Total Listings Available: 1

Market Values:

Home Prices from $20,281 to $1,730,000

Average Sales Price: $275,101

Rental Values:

Rental from $420 to $1,740

Average Rent Value: $1,001 / month

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