Market Overview
Home Prices in Morgan City, LA
The median home value in Morgan City, LA is $129,200 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 7.7% compared to a year ago and down 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Morgan City are priced68% below average. Morgan City is part of the Morgan City, LA metro area.
Over the past five years, Morgan City home values have fallen by approximately3.2%, reflecting softening conditions in this market.
Price History
Morgan City Home Price Trend
City Comparison
Morgan City vs. National Median
At $129,200, homes in Morgan City cost 68% below the national median of $410,000. This makes Morgan City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Morgan City?
20% Down Payment
$25,840
on $129,200
Monthly P&I
$674/mo
30-yr @ 6.8%
Total Monthly Est.
~$856/mo
incl. taxes & insurance
Income Needed
$34,240
gross annual (30% rule)
10% Down Option
$12,920
+ PMI applies
Loan Amount (20% dn)
$103,360
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Morgan City, LA?
The median home value in Morgan City is $129,200 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 7.7% year-over-year.
How much have home prices changed in Morgan City?
Over the past year, home values in Morgan City have decreased by 7.7%. Over five years, prices have fallen approximately 3.2%.
How much do I need to earn to buy a home in Morgan City?
To comfortably afford the median home price of $129,200 with a 20% down payment ($25,840) at today's rates (6.8%), you'd need a gross annual income of approximately $34,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Morgan City compare to the national average home price?
The national median home value is approximately $410,000. At $129,200, homes in Morgan City are 68% below the national average.
What metro area is Morgan City part of?
Morgan City is part of the Morgan City, LA metropolitan area. Home prices and market conditions can vary across the broader metro region.