Much like its surrounding areas, it is significantly less expensive compared to the US as a whole. Compared to the city of Detroit however, it is substantially more expensive.
Home prices
The price of the median home in Morrice is $101,300. Compared to other places in this area it is is very similar.Compared to the United States as a whole it is approximately $116,200 (53%) lower, and in comparison to the city of Detroit it is approximately $52,100 (105%) higher.
Rents
In Morrice the median monthly rent is $693. In comparison to the surrounding areas it is approximately $43 (5%) lower.It is approximately $369 (34%) lower compared to the rest of the nation, and compared to the city of Detroit is approximately $131 (15%) lower.
Nearby places
Perry
Perry is about 2 miles southwest of Morrice. The housing prices there are pretty similar. The median home price in Perry is $105,700, which is $4,400 (4%) higher than Morrice. The rent there is somewhat more expensive. Perry's median rent is $759 per month, which works out to $66 (8%) higher than Morrice.
Bancroft
Bancroft is about 5 miles northeast from Morrice. Real estate prices there are a bit less expensive. The cost of the median home in Bancroft is $84,200, which comes out to $17,100 (20%) lower than Morrice. Rents there are fairly similar. The median monthly rent in Bancroft is $719, which comes out to $26 (3%) higher than Morrice.
Laingsburg
Laingsburg is roughly 8 miles northwest of Morrice. Housing prices there are a little more expensive. The median home in Laingsburg is valued at $142,600, which is $41,300 (28%) higher than Morrice. Rents there are a little more expensive. Laingsburg's median rent is $730 a month, which is $37 (5%) higher than Morrice.
Vernon
Vernon is approximately 9 miles northeast from Morrice. Housing prices there are fairly similar. The median home in Vernon costs $97,200, which is $4,100 (4%) lower than Morrice. Rent there is pretty similar. The median monthly rent in Vernon is $725, which comes out to $32 (4%) higher than Morrice.
Durand
Durand is approximately 9 miles northeast of Morrice. Real estate prices there are significantly less expensive. The median home cost in Durand is $74,100, which is $27,200 (36%) lower than Morrice. Its rents are a little more expensive. In Durand the median monthly rent is $747, which works out to $54 (7%) higher than Morrice.
