Morgan City, LA Foreclosures
How much do homes sell for in Morgan City, LA?
The average home price is currently $124,417.
In Morgan City, LA, how many homes are available?
There are currently 180 active home listings available in Morgan City.
What’s the average rental cost in Morgan City, LA?
The average rental price in Morgan City is $1,088.
What is the most expensive home in Morgan City?
The most expensive home sold in Morgan City had a price of $1,090,162.
What is currently the cheapest priced home in Morgan City, LA?
The cheapest home for sale in Morgan City is priced at $7,342.
Living in Morgan City, LA
Morgan City, LA, is a charming small town with a strong sense of community, known for its seafood industry and rich cultural events. It offers a relaxed lifestyle with various amenities including parks, local shops, and great educational institutions. Residents can enjoy outdoor activities along the Atchafalaya River, making it a great place for families and nature enthusiasts alike.
Current Market Conditions in Morgan City, LA
The real estate market in Morgan City is currently showing steady growth, driven by an influx of people looking for affordable housing options. With prices relatively lower than neighboring Louisiana cities, the market is attractive to first-time homebuyers and those seeking investment properties. Market activity has been particularly strong, with new listings coming onto the market frequently, suggesting a competitive landscape for buyers.
In terms of property types, single-family homes dominate the market, with a variety of options available from quaint older homes to new construction. Motivated sellers are encouraged to take advantage of this upward trend, as demand continues to rise. Overall, Morgan City remains a strong candidate for real estate investment, as the area grows in popularity.
Home Value Estimator For Morgan City, LA
There are currently 7,501 real estate properties
in Morgan City, LA,
with a median automated valuation model (AVM) price
of $98,983.00. 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 $124,417.00, with the most expensive house
in Morgan City, LA, topping out
at $1,090,162.00 and the cheapest home
in Morgan City, LA,
clocking in at $7,342.00. 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 $1,088.00. 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 $1,050.00. 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.
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