Morenci Real Estate
16 active listings · 53 sold in the past 12mo
$137,400
Median List Price
53
Sold (past 12mo)
77
Avg Days on Market
-0.7%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(16)
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For Sale
1/63
$375,000
13520 Myerholts Highway, Morenci, MI 49256
4 bd3 ba2,908 sqft2.24 ac
Single Family
Under Contract
1/34
$299,900
4308 W Mulberry Road, Morenci, MI 49256
4 bd2 ba10 ac
Single Family
For Sale
1/68
$249,900
403 E Main Street, Morenci, MI 49256
4 bd2 ba3,518 sqft0.73 ac
Single Family
Under Contract
1/51
$219,900
128 E Main Street, Morenci, MI 49256
4 bd2 ba0.44 ac
Single Family
For Sale
1/44
$189,900
236 W Congress Street, Morenci, MI 49256
4 bd2 ba1,901 sqft0.27 ac
Single Family
Under Contract
1/40
$189,900
304 S East Street, Morenci, MI 49256
3 bd2 ba0.14 ac
Single Family
For Sale
1/47
$149,900
320 S East Street, Morenci, MI 49256
3 bd1 ba1,471 sqft0.24 ac
Single Family
For Sale
1/19
$149,900
715 W main Street, Morenci, MI 49256
2 bd2 ba0.31 ac
Mfg Home
For Sale
1/33
$124,900
118 E Chestnut Street, Morenci, MI 49256
5 bd1 ba1,416 sqft0.21 ac
Single Family
For Sale
1/9
$119,000
135 Salisbury, Morenci, MI 49256
2 bd1 ba0.31 ac
Single Family
For Sale
1/11
$105,000
213 W Congress Street, Morenci, MI 49256
3 bd2 ba0.08 ac
Single Family
Under Contract
1/25
$105,000
9581 Central Avenue, Morenci, MI 49256
2 bd1 ba0.17 ac
Single Family
Under Contract
1/15
$89,900
309 E Locust Street, Morenci, MI 49256
3 bd1 ba0.09 ac
Single Family
Under Contract
1/8
$75,000
210 W Locust Street, Morenci, MI 49256
3 bd1 ba0.18 ac
Single Family
For Sale
1/11
$70,000
10454 M 156 Highway, Morenci, MI 49256
2 bd1 ba0.50 ac
Mfg Home
Under Contract
1/6
$9,900
215 S summit Street, Morenci, MI 49256
3 bd1 ba0.03 ac
Single Family
Recently Sold(53)
Frequently Asked Questions about Morenci
Are there homes available in Morenci right now?
Buyers in Morenci can choose from 16 active listings. The median asking price is $137,400.
What is the median home price in Morenci?
The median sale price in Morenci is $137,400, based on 53 closed sales over the past 12 months.
How fast do homes sell in Morenci?
Homes in Morenci sell in an average of 77 days, based on 53 sales over the past 12 months.
What school districts serve Morenci?
Multiple school districts may serve Morenci. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
Is Morenci a buyer's or seller's market?
Morenci is currently a balanced market, with 3.6 months of supply. That ratio comes from 16 active listings relative to 53 sales per year.
How are property taxes calculated in Morenci?
Property taxes in Morenci are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
What is the Household Formation Gap in Morenci?
Based on Census Bureau ACS data, the Household Formation Gap in Morenci is -0.7%, indicating stable demographic housing demand. Household size moved from 2.82 to 2.66. HFG is a secondary market indicator reflecting household formation, not a primary market measure.