Much like the surrounding areas, it is substantially less expensive compared to the US as a whole. However it is a lot more expensive compared to the city of Detroit.
Home prices
The median home price in Morenci is $74,100. This is roughly $1,060 (1%) higher compared to other places in this area.In comparison to the entire country it is approximately $143,400 (65%) lower, and is roughly $24,900 (50%) higher in comparison to the city of Detroit.
Rents
Morenci's median rent is $759 a month. Compared to the surrounding areas this is about $22 (2%) lower.Compared to the United States as a whole it is approximately $303 (28%) lower, and in comparison to the city of Detroit it is roughly $65 (7%) lower.
Nearby places
Fayette
Fayette is approximately 5 miles southwest of Morenci. The real estate prices there are somewhat less expensive. The median home in Fayette is valued at $69,800, which comes out to $4,300 (6%) lower than Morenci. Rents there are somewhat less expensive. In Fayette the median monthly rent is $624, which comes out to $135 (21%) lower than Morenci.
Lyons
Lyons is about 6 miles east from Morenci. Its real estate prices are a little more expensive. The median home in Lyons costs $98,800, which works out to $24,700 (25%) higher than Morenci. Rent there is a little less expensive. Lyons's median monthly rent is $713, which comes out to $46 (6%) lower than Morenci.
Jasper
Jasper is roughly 8 miles northeast from Morenci. Its real estate prices are a bit more expensive. The median home price in Jasper is $85,000, which is $10,900 (12%) higher than Morenci. The rent there is a little more expensive. Jasper's median rent is $1,029 per month, which is $270 (26%) higher than Morenci.
Waldron
Waldron is roughly 8 miles west from Morenci. The real estate prices there are a lot less expensive. The median home value in Waldron is $42,100, which is $32,000 (76%) lower than Morenci. Rents there are a little less expensive. In Waldron the median monthly rent is $690, which is $69 (10%) lower than Morenci.
Clayton
Clayton is approximately 9 miles north from Morenci. Housing prices there are a bit less expensive. The median home in Clayton is valued at $69,500, which works out to $4,600 (6%) lower than Morenci. The rent there is somewhat more expensive. The median rent in Clayton is $850 a month, which works out to $91 (10%) higher than Morenci.
