Home Price Key
Affordable
Average
Expensive
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 $133,642, lower than the Louisiana average of $194,522.
The average cost of rent is $576/mo in Minorca, primarily driven by the current value of real estate in the Minorca area. While nearly 77.66% of residents own their homes outright in Minorca, 28.68% rent.
Housing affordability isn’t just about home prices, though. The average household income in Minorca is $4,219 per month. Households that rent pay about 13.66% of their income on rent here. Minorca's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
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