Why Live in Morenci
Morenci, MI, a former frontier town on the Michigan-Ohio border, is experiencing growth in its community and business district. Agriculture remains a key industry, complemented by the burgeoning cannabis sector, which has revitalized the local economy. The downtown area features local favorites like North Street Pub, Village Inn, and The Dairy Depot, along with entertainment venues such as The Rex Theatre and Stair District Library. The business district, focused on tourism, includes five marijuana dispensaries that attract buyers from Ohio due to lower prices. Residential areas are characterized by Cape Cods, ranch-style houses, and American Foursquares, with some unique two-story homes featuring Tudor-inspired designs. Homes near the business district may experience higher traffic and noise. Morenci Elementary School and the combined middle and high school have strong community ties, with students actively participating in local events like the annual farmers market. Wakefield Park offers diverse recreational activities, including baseball, skateboarding, and the farmers market, while Stephenson Park features pickleball courts and ADA-accessible playgrounds. Riverside Natural Area provides wooded trails and access to Bean Creek, and Adventure Bound Camping Resorts - Green Valley offers seasonal camping with water activities. Annual events like Summer Saturdays, Fall Fest, and the Morenci Town & Country Festival foster community spirit. Major roads like Main Street and South East Street connect residents to larger cities, with Toledo 4 miles south and Eugene F. Kranz Toledo Express Airport 30 miles away.
Home Trends in Morenci, MI
On average, homes in Morenci, MI sell after 70 days on the market compared to the national average of 51 days. The median sale price for homes in Morenci, MI over the last 12 months is $147,300, up 26% from the median home sale price over the previous 12 months.
Median Sale Price
$147,300
Median Single Family Sale Price
$145,000
Average Price Per Sq Ft
$106
Number of Homes for Sale
7
Last 12 months Home Sales
87
Median List Price
$154,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
26%