2026 Affordability Data
Most Affordable Neighborhoods in Morgan City - 2026 Data
The median home value in Morgan City is $147,700, 48% below nat'l avg. Median rent is $664/month. With an affordability index of 207, Morgan City is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Morgan City, LA area.
Key Takeaways: Affordability in Morgan City
- 1The most affordable neighborhood in Morgan City is New Iberia, with a median home value of $150,600.
- 2Morgan City's median home value is $147,700, 48% below nat'l avg (national: $281,900).
- 3Morgan City's affordability index is 207 (baseline 100), making it more affordable than the national average.
- 4Median rent in Morgan City is $664/month, 43% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Morgan City to find the most affordable areas based on home values, rent, and affordability index.
Morgan City Affordability Overview
Median Home Value
$147,700
48% below nat'l avg
Median Rent
$664/mo
43% below nat'l avg
Median Income
$48,857
34% below nat'l avg
Affordability Index
207
107% above nat'l avg
Most Affordable Neighborhoods in Morgan City (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | New IberiaLA | $150,600 |
| 2 | RustonLA | $208,000 |
| 3 | MindenLA | $119,500 |
| 4 | CovingtonLA | $283,600 |
| 5 | Bossier CityLA | $187,000 |
| 6 | CentralLA | $265,600 |
| 7 | KennerLA | $229,000 |
| 8 | LafayetteLA | $234,900 |
| 9 | BakerLA | $138,800 |
| 10 | ShreveportLA | $168,900 |
| 11 | AbbevilleLA | $98,700 |
| 12 | BogalusaLA | $106,500 |
| 13 | JenningsLA | $129,500 |
| 14 | BastropLA | $85,600 |
| 15 | NatchitochesLA | $175,200 |
Detailed Neighborhood Profiles
Home Value: $150,600
Rent: $664/mo
Affordability: 207
Population: 28,363
Home Value: $208,000
Rent: $664/mo
Affordability: 207
Population: 22,282
Home Value: $119,500
Rent: $664/mo
Affordability: 207
Population: 11,789
4
Home Value: $283,600
Rent: $664/mo
Affordability: 207
Population: 11,444
5
Home Value: $187,000
Rent: $664/mo
Affordability: 207
Population: 62,971
6
Home Value: $265,600
Rent: $664/mo
Affordability: 207
Population: 29,518
7
Home Value: $229,000
Rent: $664/mo
Affordability: 207
Population: 65,785
8
Home Value: $234,900
Rent: $664/mo
Affordability: 207
Population: 121,706
9
Home Value: $138,800
Rent: $664/mo
Affordability: 207
Population: 12,463
10
Home Value: $168,900
Rent: $664/mo
Affordability: 207
Population: 186,183
11
Home Value: $98,700
Rent: $664/mo
Affordability: 207
Population: 11,213
12
Home Value: $106,500
Rent: $664/mo
Affordability: 207
Population: 10,689
13
Home Value: $129,500
Rent: $664/mo
Affordability: 207
Population: 9,819
14
Home Value: $85,600
Rent: $664/mo
Affordability: 207
Population: 9,623
15
Home Value: $175,200
Rent: $664/mo
Affordability: 207
Population: 17,908
Frequently Asked Questions About Affordability in Morgan City
What is the most affordable neighborhood in Morgan City, LA?▾
Based on 2026 data, New Iberia is the most affordable neighborhood in Morgan City with a median home value of $150,600. Kurby analyzed 15 neighborhoods in the Morgan City area to compile these rankings.
What is the median home price in Morgan City, LA?▾
The median home price in Morgan City is $147,700, which is 48% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Morgan City affordable compared to the national average?▾
Morgan City has an affordability index of 207, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Morgan City, LA?▾
The median monthly rent in Morgan City is $664. This is 43% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Morgan City?▾
The median household income in Morgan City is $48,857 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Morgan City are below the national average home price?▾
14 out of 15 ranked neighborhoods in Morgan City have a median home value below the national average of $281,900. The most affordable is New Iberia at $150,600 (Source: Kurby, 2026).