Morgan City, LA—70380
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morgan City, LA
As of Oct '25, the median home price in Morgan City, LA is $126,000, with a year-over-year change of -8.2%. This indicates that home prices in Morgan City, LA are decreasing. According to Zillow, the 1-year price projection is -4.0%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $126,000 | -8.3% |
| Single Family | $126,000 | -9.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $134,000 | -9.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Morgan City, LA
As of July '25, Rentcast reports the average rent in Morgan City, LA is $1,340, with a year-over-year rent change of -5.0%. Per bedroom, the median rent as of July '25 in Morgan City, LA is 2-bedrooms: $1,200, 3-bedrooms: $1,390. The most common rental property sizes in Morgan City, LA are 3-bedroom and 2-bedroom, accounting for 36.9% and 33.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,340 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | $1,500 | $1,390 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Morgan City, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Morgan City, LA is 97. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $183,000 | -8.0% |
Listing Count | 99 | 55.0% |
| Listings as % of Homes | 0.5% | 55.0% |
Days on Market | 97 | 23.0% |
Demographics — Morgan City, LA
As of the latest ACS Survey released in 2023, Morgan City, LA has a population of 21,000, which has remained stable by 0.7% over the past 5 years. Morgan City, LA is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 12.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,000 | 0.7% |
% Under 18 | 24.7% | 1.6% |
% Seniors | 18.0% | 17.6% |
% WFH | 4.9% | 81.5% |
% w/ College Degree | 12.7% | 38.0% |
As of the latest ACS Survey released in 2023, Morgan City, LA is a predominantly white area, with 65.1% of the population identifying as white. The white population has grown by 2.4% in the last 5 years. The second most common race or ethnicity in Morgan City, LA is hispanic, making up 15.0% of the population. Foreign-born residents account for 9.4% of the population in Morgan City, LA, and this percentage has increased by 30.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.1% | 2.4% |
% Black | 12.4% | -31.5% |
% Hispanic | 15.0% | 12.8% |
% Asian | 2.6% | 100.0% |
% Foreign Born | 9.4% | 30.6% |
Mortgage and Risk — Morgan City, LA
According to HUD data as of 2023, there were 204 mortgage originations in Morgan City, LA, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Morgan City, LA. Investor activity is low, as 13.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 204 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 13.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Morgan City, LA
Morgan City, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 442 |
Total Units Section 8 | 149 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | -$180 | $1,200 | $1,020 |
| 3 Bedroom | -$170 | $1,500 | $1,330 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Morgan City, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $126,000 |
| Median Household Income | $54,500 |