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Morenci 85540

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.Arizona
$115K
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
1
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$142K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Jul 2020 · Quarterly intervals (lower sales volume)Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Housing Stock

HomesHow many homes we have records for in this area.347
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$142K
Median sizeThe middle home size here, measured in square feet.1,200 ft²
Median year builtThe middle build year for homes here. A recent year means most housing is newer.2009
Single familyThe share of homes here that are single-family houses.2.0%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.100%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.0%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.0%
Company ownedThe share of homes owned by a company or trust instead of a person.98%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.0%
Typical ownership tenureHow long the typical owner here has held their home.126.6 yrs

CommunityThese are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.110
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.98
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.71

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.88%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.21%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.8.9%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.3,390
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.60 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$84K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$95K
Average tempThe average temperature here across a full year.63°F
Annual precipHow much rain and melted snow falls here in a typical year.13 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.86%

How Morenci 85540 compares

By median home value, Morenci 85540 is the 3rd most expensive of 3 ZIP codes in Greenlee County, and its typical home is worth more than 37% of all homes in Greenlee County.

Home values in Morenci 85540

Share of homes at each estimated value.

Median
$56K$223K
ZIP codes in Greenlee County ranked by median home value
#Greenlee CountyMedian valueHomes
1Duncan 85534$196K1,058
2Clifton 85533$158K1,000
3Morenci 85540$142K347

About the Morenci 85540 market

What is the median home price in Morenci 85540, AZ?

The median sale price in Morenci 85540, AZ is $115,000 (data through July 2020), based on deeds recorded with the county.

How many homes sell in Morenci 85540, AZ each year?

1 homes sold in Morenci 85540, AZ over the last 12 months (data through July 2020). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

How many homes are there in Morenci 85540, AZ?

Morenci 85540, AZ contains 347 residential properties, with a median of 1,200 square feet, built around 2009. The median TopHap Estimate is $142K.

How does Morenci 85540, AZ compare to the rest of Greenlee County?

By median home value, Morenci 85540, AZ is the 3rd most expensive of 3 ZIP codes in Greenlee County. Its typical home is worth more than 37% of all homes in Greenlee County. Clifton 85533 ranks just above it. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Morenci 85540, AZ?

0% of homes in Morenci 85540, AZ are owner-occupied. 98% are held by a company rather than an individual.

How much equity do owners in Morenci 85540, AZ hold?

100% of mortgaged homes in Morenci 85540, AZ are equity-rich, meaning the loan balance is under half the home's value. 0.0% owe more than the home is worth.

Nearby markets

Browse addresses

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Explore Morenci 85540 on the map

See every recorded sale, price heat map, school zone and flood overlay across Morenci 85540in TopHap’s interactive 3D map.

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