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Minorca

Learn about the people, housing, costs and businesses in Minorca, Louisiana

Median Home$59,025
Median Rent$887/month
Population2,020
Leading IndustriesWholesale Trade · Education · Information & Media12% wholesale trade
Home Value Growth⬆⬆+13.6% over 2 years
Young Adults34% of residentswell above average
Homeowners82% of occupied units
NotableAmenity Score68/100 · highly walkable area
Minorca
LA

Frequently Asked Questions

What are today's mortgage rates in Minorca?

As of today, the 30-year fixed mortgage rate for Minorca is approximately 7.107% (7.153% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Minorca?

The median home value in Minorca is $59k. The median monthly rent is $887. Annual property taxes average $210. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Minorca?

Home values in Minorca have increased 13.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Minorca?

Based on a typical all-in ownership cost of $497/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Minorca is $38k/year.

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What industries drive the economy in Minorca?

The largest employment sectors in Minorca are public administration (25%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.