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, Arizona, is a tranquil haven surrounded by stunning mountain scenery, offering a perfect escape into nature. With a rich mining history and a welcoming community, residents can enjoy various outdoor activities, local events, and a sense of belonging. The essential amenities and historical charm make Morenci an appealing place to live for those seeking a quieter lifestyle.
Current Market Conditions in Morenci, AZ
Morenci's real estate market has shown steady appreciation over the past few years, underpinned by the town's appeal as a quiet, nature-centric community. With limited housing inventory and ongoing interest from homebuyers, properties are continuing to gain value, especially among those looking for vacation homes or retirement options.
The market here remains competitive, particularly for homes that are well-maintained and located near key community amenities. Buyers can expect to see a mix of traditional mining town charm alongside newer construction, highlighting the area's adaptability to changing buyer preferences.
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.
Learn more on Foreclosure homes
