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Morgan

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

Median Home$133,799
Median Rent$1,009/month
Population11,067
Leading IndustriesManufacturing · Finance & Insurance · Information & Media3% manufacturing
Home Value Growth+4.6% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners57% of occupied units
NotableAmenity Score78/100 · highly walkable area
NotableTransit82/100 · excellent transit access
Morgan City
LA

Frequently Asked Questions

What are today's mortgage rates in Morgan?

As of today, the 30-year fixed mortgage rate for Morgan is approximately 7.035% (7.079% 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 Morgan?

The median home value in Morgan is $134k. The median monthly rent is $1,009. Annual property taxes average $446. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morgan?

Home values in Morgan have increased 4.6% over the past two years. This represents moderate growth. 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 Morgan?

Based on a typical all-in ownership cost of $864/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morgan is $57k/year.

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What industries drive the economy in Morgan?

The largest employment sectors in Morgan are public administration (24%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.