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Rent To Own 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 $275,056.
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 $20,349.

Living in Morenci, AZ

Morenci, AZ, is a quaint mining town known for its scenic mountainous surroundings and rich history. The area is ideal for those who love the outdoors, offering activities like hiking and biking. With a close-knit community and a variety of local amenities, Morenci provides a welcoming atmosphere for families and individuals alike.

Current Market Conditions in Morenci, AZ

The real estate market in Morenci remains stable, reflecting the area's small-town charm and continued interest from both residents and investors. With prices being relatively affordable compared to larger cities, buyers are finding opportunities in this tranquil setting, where demand is gradually increasing as more people seek a quieter lifestyle away from urban centers.

Recent trends indicate a slight uptick in property values, driven by low inventory and a steady demand from families and retirees looking for peaceful living conditions. Homes offered range from older historic properties to newer builds, providing a diverse selection for prospective buyers.

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 $275,056.00, 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 $20,349.00. 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 Rent To Own Homes

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