Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Morgan City area can be challenging. Home prices in Morgan City are now at a median cost of $118,651, lower than the Alabama average of $185,232.
The average cost of rent is $812/mo in Morgan City, primarily driven by the current value of real estate in the Morgan City area. While nearly 60.33% of residents own their homes outright in Morgan City, 25.37% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morgan City is $4,479 per month. Households that rent pay about 18.13% of their income on rent here. Morgan City's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Union Grove, AL: higher priced homes
- Laceys Spring, AL: higher priced homes
- Valhermoso Springs, AL: higher priced homes
- Somerville, AL: higher priced homes
- Scant City, AL: higher priced homes
- Joppa, AL: equally priced homes
- Winton, AL: higher priced homes
- Eva, AL: higher priced homes
- Arab, AL: higher priced homes
- Mount Carmel, AL: higher priced homes
Cities with Similar Populations
- Jefferson, WV: less expensive homes
- Wilmot, MI: equally priced homes
- Wilson Point, LA: higher priced homes
- Wilton Center, IL: higher priced homes
- Winsteadville, NC: higher priced homes
- Winstonville, MS: less expensive homes
- Woodville, MO: equally priced homes
- Wyattville, MN: higher priced homes
- Wye, AR: higher priced homes
- Wyeville, WI: higher priced homes
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