Housing in Morgan City, MS is very affordable, with the median value just over $89,100 compared to the US median of $338,100. Furthermore, the house appreciation rate in Morgan City is currently 12.50%, significantly higher than the national average of 8.27%. This makes Morgan City an attractive location for those seeking a good investment opportunity in housing.
The median home cost in Morgan City is $89,100. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Morgan City is up 14.5%.
Average Age of Homes
- The median age of Morgan City real estate is 29 years old
The Rental Market in Morgan City
- Renters make up 30.5% of the Morgan City population
- 1.8% of houses and apartments in Morgan City, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.