Foreclosure Homes in Morrice, MI

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$4,900 List Price

Morrice, MI 48857

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$4,900 List Price

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Morrice, MI 48857

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Home Value Estimator For Morrice, MI

There are currently 89 real estate properties in Morrice, MI, with a median automated valuation model (AVM) price of $196,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Morrice, 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 Morrice, MI, is $212,230.00, with the most expensive house in Morrice, MI, topping out at $570,100.00 and the cheapest home in Morrice, MI, clocking in at $39,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Morrice, MI!

Rent Prices In Morrice, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Morrice, MI, is on a rollercoaster ride. The average rent price in Morrice, MI, is $1,445.00. Indeed, when looking to rent in Morrice, MI, you can expect to pay as little as $1,040.00 or as much as $2,110.00, with the average rent median estimated to be $1,410.00. The good news is that finding an affordable and desirable property to rent in Morrice, 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.

Foreclosure Homes in Morrice, MI

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Morrice, MI area at Get information on foreclosure homes for rent, how to buy foreclosures in Morrice, MI and much more. Save thousands at closing with home foreclosure listings in Morrice, MI — up to 75% off market value!

Top Reasons To Live In Morrice, MI In 2021

Morrice is located in Shiawassee, Michigan, with an estimated municipal population of 910 residents. All of the best foreclosed homes for sale in Morrice are located in the following zip code areas on 48857. The estimated population per square kilometer (.62 miles) in Morrice is 269.

Cost Of Living In Morrice, MI

So, about how much do homes cost in Morrice? The most recent median value of resident-owned homes in Morrice is 100,765. An estimated 76.1 percent of households in Morrice own their homes, with an average family size of 3.23. The median household income in Morrice is 64,286, with20.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Morrice, the median commute time of resident workers (in minutes) is 29.5. And last, but certainly not least, are you looking for homes to rent in Morrice? If so, the average rent price paid by renters in Morrice is 693, according to recent statistics.

Diversity And Demographics In Morrice, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Morrice, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Morrice is 37, split between 46.4 percent male versus 53.6 female. The percentage of residents who report being married in Morrice is 62.6, with an average family size of 3.23.

The percentage of residents who report their race in Morrice is as follows:

White 95.4%
Black / African American 0%
Asian 0.5%
American Indian / Alaskan Native 1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.1%
Other 0%

Looking for family-friendly neighborhoods in and/or near Morrice? Or maybe you are searching for 55+ active adult communities in and/or near Morrice?

The percentage of residents who report their age in Morrice is as follows:

Under 10 22.4%
Aged 10-19 9%
20s 9.4%
30s 15.1%
40s 13.1%
50s 16.8%
60s 5.7%
70s 6.1%
80+ 2.2%

Best Schools In Morrice, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Morrice with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Morrice.

Pros And Cons Of Living In Morrice, Michigan

How do you know that living in -- or moving to -- Morrice is right where you need to be? Perhaps you grew up in Morrice or already live nearby; therefore, the decision to buy a home in Morrice is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Morrice for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Morrice:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Morrice.

Reasons To Move To Morrice, Michigan, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Morrice can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Morrice, meanwhile, can field multiple offers from more qualified buyers.


Listing types in Morrice, MI

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