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Morgan

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

Median Home$92,800
Median Rent$787/month
Population196
Leading IndustryArts, Food & Hospitality9% of local workforce
Home Value Growth+4.2% over 2 years
Retirees23% of residentsslightly above average
Renters63% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAffordable Market$93k median home · lower cost than 94% of the country
Morgan City
MS

Frequently Asked Questions

What are today's mortgage rates in Morgan?

As of today, the 30-year fixed mortgage rate for Morgan is approximately 7.060% (7.101% 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 $93k. The median monthly rent is $787. 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 4.2% 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 $752/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morgan is $37k/year.

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What industries drive the economy in Morgan?

The largest employment sectors in Morgan are public administration (24%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.