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As-is Deals in Morenci, MI 49256

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Morenci, MI Foreclosures

How much do homes sell for in Morenci, MI?
The average home price is currently $168,274.
In Morenci, MI, how many homes are available?
There are currently 11 active home listings available in Morenci.
What’s the average rental cost in Morenci, MI?
The average rental price in Morenci is $915.
What is the most expensive home in Morenci?
The most expensive home sold in Morenci had a price of $1,358,994.
What is currently the cheapest priced home in Morenci, MI?
The cheapest home for sale in Morenci is priced at $14,500.

Living in Morenci, MI

Morenci, MI, is a quaint and inviting small town situated in Lenawee County. Known for its serene rural atmosphere and vibrant community spirit, it offers a variety of outdoor activities, top-rated schools, and local events that foster resident connections. With its peaceful lifestyle and rich agricultural heritage, Morenci is the perfect place for those seeking the charm of small-town living.

Current Market Conditions in Morenci, MI

The current real estate market in Morenci shows stable prices with a modest appreciation trend. Homes here are generally priced lower compared to nearby urban areas, making it an attractive option for first-time buyers and those looking for affordable living. Additionally, the demand for homes has remained consistent, indicating a resilient market with potential for growth.

Recently, there has been an increase in interest from buyers seeking a quieter lifestyle away from the hustle and bustle of larger cities, which is contributing to a gradual increase in home values.

Home Value Estimator For Morenci, MI

There are currently 1,433 real estate properties in Morenci, MI, with a median automated valuation model (AVM) price of $147,685.00. 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, MI, 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, MI, is $168,274.00, with the most expensive house in Morenci, MI, topping out at $1,358,994.00 and the cheapest home in Morenci, MI, clocking in at $14,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Morenci, MI!

Rent Prices In Morenci, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Morenci, MI, is on a rollercoaster ride. The average rent price in Morenci, MI, is $915.00. Indeed, when looking to rent in Morenci, MI, you can expect to pay as little as $620.00 or as much as $1,540.00, with the average rent median estimated to be $900.00. The good news is that finding an affordable and desirable property to rent in Morenci, MI -- 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, MI 49256 As-is Deals

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