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 $106,248, lower than the Louisiana average of $194,522.
The average cost of rent is $789/mo in Morgan City, primarily driven by the current value of real estate in the Morgan City area. While nearly 69.76% of residents own their homes outright in Morgan City, 33.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morgan City is $3,592 per month. Households that rent pay about 21.95% of their income on rent here. Morgan City's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Berwick, LA: higher priced homes
- Bayou Vista, LA: higher priced homes
- Amelia, LA: less expensive homes
- Belle River, LA: higher priced homes
- Glenwild, LA: equally priced homes
- Patterson, LA: higher priced homes
- Idlewild, LA: higher priced homes
- Chula, LA: higher priced homes
- Donner, LA: less expensive homes
- Little Texas, LA: less expensive homes
Cities with Similar Populations
- Huntingtown, MD: higher priced homes
- Wimauma, FL: higher priced homes
- Keystone, FL: higher priced homes
- Windham, NH: higher priced homes
- Wolcott, CT: higher priced homes
- Kaufman, TX: higher priced homes
- Kailua-Kona, HI: higher priced homes
- Jessup, MD: higher priced homes
- Islip, NY: higher priced homes
- Irondale, AL: higher priced homes
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