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Affordable
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These days, finding an affordable place to live in the Minorca area can be challenging. Home prices in Minorca are now at a median cost of $93,175, lower than the Louisiana average of $235,139.
The average cost of rent is $619/mo in Minorca, primarily driven by the current value of real estate in the Minorca area. In Minorca, 22.59% of households rent, and 75.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Minorca is $4,892 per month. Households that rent pay about 12.66% of their income on rent here. Minorca’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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