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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 $140,515, lower than the Louisiana average of $235,139.
The average cost of rent is $944/mo in Morgan City, primarily driven by the current value of real estate in the Morgan City area. In Morgan City, 34.58% of households rent, and 61.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morgan City is $5,120 per month. Households that rent pay about 18.43% of their income on rent here. Morgan City’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Berwick, LA: higher priced homes
- Bayou Vista, LA: equally priced homes
- Amelia, LA: less expensive homes
- Belle River, LA: higher priced homes
- Glenwild, LA: higher priced homes
- Patterson, LA: higher priced homes
- Idlewild, LA: higher priced homes
- Chula, LA: less expensive 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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