Foreclosures in Morgan City, LA

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Home Value Estimator For Morgan City, LA

There are currently 6,173 real estate properties in Morgan City, LA, with a median automated valuation model (AVM) price of $91,624.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Morgan City, LA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Morgan City, LA, is $113,270.00, with the most expensive house in Morgan City, LA, topping out at $1,577,676.00 and the cheapest home in Morgan City, LA, clocking in at $8,724.00. In other words, there’s something for every potential homebuyer or savvy investor in Morgan City, LA!

Rent Prices In Morgan City, LA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Morgan City, LA, is on a rollercoaster ride. The average rent price in Morgan City, LA, is $1,090.00. Indeed, when looking to rent in Morgan City, LA, you can expect to pay as little as $590.00 or as much as $2,900.00, with the average rent median estimated to be $1,060.00. The good news is that finding an affordable and desirable property to rent in Morgan City, LA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Morgan City, LA In 2024

Morgan City is located in St. Mary, Louisiana, with an estimated municipal population of 10,742 residents. All of the best foreclosed homes for sale in Morgan City are located in the following zip code areas on 70380 70381. The estimated population per square kilometer (.62 miles) in Morgan City is 693.

Cost Of Living In Morgan City, LA

So, about how much do homes cost in Morgan City? The most recent median value of resident-owned homes in Morgan City is 130,830. An estimated 54.2 percent of households in Morgan City own their homes, with an average family size of 3.34. The median household income in Morgan City is 40,240, with10.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Morgan City, the median commute time of resident workers (in minutes) is 16.6. And last, but certainly not least, are you looking for homes to rent in Morgan City? If so, the average rent price paid by renters in Morgan City is 811, according to recent statistics.

Diversity And Demographics In Morgan City, Louisiana

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Morgan City, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Morgan City is 39.5, split between 52.3 percent male versus 47.7 female. The percentage of residents who report being married in Morgan City is 39.1, with an average family size of 3.34.

The percentage of residents who report their race in Morgan City is as follows:

White 67.7%
Black / African American 22.9%
Asian 0.6%
American Indian / Alaskan Native 1.6%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.4%
Other 4.8%

Looking for family-friendly neighborhoods in and/or near Morgan City? Or maybe you are searching for 55+ active adult communities in and/or near Morgan City?

The percentage of residents who report their age in Morgan City is as follows:

Under 10 13.7%
Aged 10-19 11%
20s 12.4%
30s 13%
40s 11.8%
50s 13.2%
60s 13.4%
70s 7.8%
80+ 3.7%

Best Schools In Morgan City, Louisiana

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Morgan City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Morgan City.

Pros And Cons Of Living In Morgan City, Louisiana

How do you know that living in -- or moving to -- Morgan City is right where you need to be? Perhaps you grew up in Morgan City or already live nearby; therefore, the decision to buy a home in Morgan City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Morgan City for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Morgan City:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Morgan City.

Reasons To Move To Morgan City, Louisiana, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Morgan City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Morgan City, meanwhile, can field multiple offers from more qualified buyers.

Morgan City, LA Foreclosures


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