Morgan City, LA Foreclosures
How much do homes sell for in Morgan City, LA?
The average home price is currently $128,414.
In Morgan City, LA, how many homes are available?
There are currently 2 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 $1,093,765.
What is currently the cheapest priced home in Morgan City, LA?
The cheapest home for sale in Morgan City is priced at $1,304.
Living in Morgan City, LA
Morgan City, LA, is a charming Southern town known for its picturesque waterfront views and a strong sense of community. With abundant outdoor activities and a vibrant cultural scene, it offers a relaxed lifestyle that attracts families and individuals seeking a welcoming environment. The city's rich traditions and festivities highlight its unique character and coastal heritage.
Current Market Conditions in Morgan City, LA
The real estate market in Morgan City has seen steady activity over the past few months, with a growing interest in waterfront properties. Buyers are increasingly drawn to the area for its affordability compared to larger nearby cities, leading to a competitive market for desirable homes.
In recent years, the demand for housing in the Morgan City area has seen a slight uptick as more people seek to escape the hustle and bustle of urban life. Despite economic fluctuations, the local market remains stable, providing opportunities for both buyers and investors.
Rental properties have also gained popularity, particularly among those working in the oil and gas industries, which continue to have a strong presence in the region. Overall, Morgan City remains an attractive option for those looking to invest in real estate.
Home Value Estimator For Morgan City, LA
There are currently 6,222 real estate properties
in Morgan City, LA,
with a median automated valuation model (AVM) price
of $105,000.00. 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 $128,414.00, with the most expensive house
in Morgan City, LA, topping out
at $1,093,765.00 and the cheapest home
in Morgan City, LA,
clocking in at $1,304.00. 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.
Learn more on Foreclosure homes
