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Morenci, MI

Full City Profile · Michigan · Fulton County County

3.0 /5.0
B Good
2,149 Population 1,014/sq mi density
$58,438 Median Income $25,911 per capita
$93,800 Home Value $168,461 Zillow
$732 Median Rent 23.2% income on rent
48°F Avg Temperature 275 sunny days/yr
419 Violent Crime/100K 885 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$58,438 median income, 1.5% unemployment
A+
Affordability
5.0 / 5.0
$93,800 home value, $732/mo rent
F
Safety
1.0 / 5.0
419 violent crimes/100K (10% above avg)
D
Education
1.8 / 5.0
9.6% bachelor's degree or higher

Housing Overview

Median Home Value
$93,800
67% below
US avg: $281,900
Median Rent
$732/mo
37% below
US avg: $1,163/mo
Homeownership Rate
72.9%
11% above US avg (65.4%)
Total Housing Units
902
Median year built: 1943

Home Value by Source

Census Median
$93,800
Zillow (ZHVI)
$168,461
Median Sale Price
$85,000
Median List Price
$99,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

72.9%
Owner-Occupied
27.1%
Renter-Occupied
73%
27%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent: $732/mo

Market Indicators (Redfin)

Median Days on Market
240 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
8.3%
of listings with price reduction
Price Per Sq Ft
$38
Active Inventory
12
homes for sale

Affordability & Housing Stock

Rent Burden
23.2%
of renters spending 30%+ of income on housing
25% below US avg (31.0%)
Median Year Built
1943
Average age of housing stock: 83 years
Homeownership Rate
72.9%

Complete Housing Data

Home Values

Census Median Value$93,800
Zillow Home Value (ZHVI)$168,461
Median Sale Price$85,000
Median List Price$99,000
Price Per Sq Ft$38

Rent

Census Median Rent$732
FMR Studio$807
FMR 1-Bedroom$891
FMR 2-Bedroom$1,113
FMR 3-Bedroom$1,419
FMR 4-Bedroom$1,588

Market

Days on Market240
Sale-to-List Ratio1.0%
Price Drops8.3%
Homes Sold1
Active Inventory12
Price Per Sq Ft$38

Ownership & Stock

Owner-Occupied72.9%
Renter-Occupied27.1%
Homeownership Rate72.9%
Total Housing Units902
Median Year Built1943
Rent Burden23.2%