Morgan City, LA home prices
Typical home $125,435 · +3.4% in a year · income needed $33,400
The Morgan City, LA metro area ranks 852 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.4% in a year and -6.7% over five years. With 20% down at 7.11%, the typical home costs about $779 a month including 0.39% property tax (Saint Mary Parish rate).
Mortgage on the typical Morgan City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $25,087 | $100,348 | $675 | $0 | $104 | $779 | $33,400 |
| 10% down | $12,544 | $112,892 | $759 | $47 | $104 | $910 | $39,000 |
| 5% down | $6,272 | $119,163 | $802 | $50 | $104 | $955 | $40,900 |
| 3.5% down (FHA) | $4,390 | $123,163 | $829 | $55 | $104 | $988 | $42,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.39% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Morgan City area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Saint Mary Parish, LA | $125,473 | +3.5% | 0.39% |
What can you afford in Louisiana on your salary? · Louisiana home prices · Salaries in Louisiana
Frequently asked questions
How much is a house in Morgan City?
The typical home in the Morgan City, LA metro area is worth $125,435 (Zillow, September 2026).
What salary do you need to buy a house in Morgan City?
About $33,400 a year for the typical home with 20% down at 7.11%.