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 $69,900, lower than the Mississippi average of $145,564.
The average cost of rent is $753/mo in Morgan City, primarily driven by the current value of real estate in the Morgan City area. While nearly 65.08% of residents own their homes outright in Morgan City, 51.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morgan City is $4,232 per month. Households that rent pay about 17.79% of their income on rent here. Morgan City's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Phillipstown, MS: equally priced homes
- Swan Lake, MS: equally priced homes
- Itta Bena, MS: equally priced homes
- Four Mile, MS: equally priced homes
- Moorhead, MS: higher priced homes
- Horseshoe, MS: less expensive homes
- Sidon, MS: higher priced homes
- Rising Sun, MS: equally priced homes
- Oak Grove, MS: equally priced homes
- Cruger, MS: equally priced homes
Cities with Similar Populations
- Somerdale, OH: higher priced homes
- Lake Hill, NY: higher priced homes
- Lake Ka-ho, IL: equally priced homes
- Lake Pleasant, NY: higher priced homes
- Lakewood, PA: higher priced homes
- Lamberton, NY: higher priced homes
- Larkinburg, KS: higher priced homes
- Lassellsville, NY: higher priced homes
- Last Chance, OK: higher priced homes
- Lawrenceville, WV: higher priced homes
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