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City · 11,064 residents · St. Mary Parish, Louisiana

Morgan City , Louisiana

In Morgan City, a typical home is worth $155,200 and typical rent is $917 a month. Compared with all of St. Mary Parish, the typical home value is 12% higher, typical rent is 8% higher, and the share of households that own their home is 12 points lower.

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  • Typical home value

    $155,200

    12% above the parish

    28% below Louisiana

    • Morgan City
    • St. Mary
    • Louisiana

  • Typical rent

    $917a month

    8% above the parish

    14% below Louisiana

    • Morgan City
    • St. Mary
    • Louisiana

  • Typical household income

    $56,474a year

    7% above the parish

    7% below Louisiana

    • Morgan City
    • St. Mary
    • Louisiana

  • Households that own their home

    57%

    12 points below the parish

    10 points below Louisiana

    • Morgan City
    • St. Mary
    • Louisiana

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$135,043
4.5% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Morgan City is in St. Mary Parish. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of St. Mary Parish. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Morgan City apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Franklin, the typical home value is $104,400: 33% less than in Morgan City ($155,200).

  2. 57% of households in Morgan City own their home, against 69% in St. Mary Parish.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Morgan City

What homes there are in Morgan City, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Morgan City: 77% of homes, more than in St. Mary Parish (69%).

Year built

The typical home in Morgan City was built in 1969, 7 years before the typical one in St. Mary Parish.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

At least 92% of owner-occupied homes in Morgan City are worth less than $500,000, below the FHA loan limit for St. Mary Parish ($541,287).

Monthly rent with utilities

With a mortgage

$1,435 a month

St. Mary Parish: $1,420 a month

Without a mortgage

$435 a month

St. Mary Parish: $418 a month

Owners with a mortgage

40%

St. Mary Parish: 35%

The typical cost for an owner with a mortgage in Morgan City is $1,435 a month, near the figure in St. Mary Parish ($1,420).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Morgan City gained value more slowly than in St. Mary Parish: 17% since 2015–2019, against 30%.

Since 2015–2019, the typical rent in Morgan City rose 13%, more than in St. Mary Parish (9%).

Here income gained ground: typical income rose 40%, against +17% for home values and +13% for rent.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMorgan CitySt. Mary ParishLouisianaUnited States
Rental vacancy Unreliable estimate8.3%7.8%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.3%0.9%
More than one person per room Unreliable estimate3.6%2.3%3.4%
People per household 2.652.552.492.53
Drive alone 85%85%79%69%
Carpool 8%8%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home Unreliable estimate6%8%15%
Other means Unreliable estimateUnreliable estimate2%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Much as in St. Mary Parish, a household in Morgan City has 2.65 people on average.

The car rules in Morgan City: 85% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Morgan City?

A typical home is within reach of the typical income

We start with a typical home in Morgan City, worth $155,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 26% of the typical household income in Morgan City, which is $56,474 a year.

The calculator's FHA and conventional loan limits are those of all of St. Mary Parish.

Your numbers

Local data
$

Starts at the typical home value in Morgan City. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $5,432 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,202

at 7.18% · 30 years

Loan amount
$152,389
Total interest
$219,252
Paid off in
November 2056

Includes $2,621 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,318 a month

    Your payment · 26%

  • Tight

    $1,318 to $1,694 a month

  • Hard

    more than $1,694 a month

Compared with the typical household income in Morgan City ($56,474 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,202
Principal & interest$1,032
Property tax$36
Home insurance$65
FHA mortgage insurance (MIP)$69

You need at least $5,432 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Morgan City and St. Mary Parish

Morgan City is in St. Mary Parish, Louisiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Morgan City's own numbers

Typical home value
$155,200
Typical monthly rent
$917
Typical yearly household income
$56,474
Households that own their home
57%
Effective property tax rate
0.28%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of St. Mary Parish

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$997
Price change over 5 years (FHFA)
+12%
Homes in a high flood-risk zone
28%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of St. Mary Parish.

Everything about St. Mary Parish

Buying

Buying a home in Morgan City

A typical home in Morgan City is worth $155,200: 12% above the parish and 28% below Louisiana. With the typical household income in Morgan City ($56,474 a year), a typical home costs 2.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Morgan City 2.7 years
  • St. Mary 2.6 years
  • Louisiana 3.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in St. Mary Parish

According to FHFA’s house price index, home prices in St. Mary Parish rose 14% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of St. Mary Parish.

Period Parish Louisiana U.S.
Last year (2025) −4.1% +1.8% +2.9%
5 years (2020–2025) +12% +22% +47%
10 years (2015–2025) +14% +38% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Morgan City next to St. Mary Parish, Louisiana and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Morgan City $155,200
  • St. Mary $138,900
  • Louisiana $216,500
  • United States $332,700
Typical monthly rent
  • Morgan City $917
  • St. Mary $848
  • Louisiana $1,064
  • United States $1,413
Typical yearly household income
  • Morgan City $56,474
  • St. Mary $52,576
  • Louisiana $60,756
  • United States $80,734
See the full table
Morgan City next to St. Mary Parish and Louisiana
Measure Morgan City St. Mary Parish Louisiana U.S.
Typical home value $155,200 $138,900 $216,500 $332,700
Typical monthly rent $917 $848 $1,064 $1,413
Typical yearly household income $56,474 $52,576 $60,756 $80,734
Households that own their home 57% 69% 67% 65%
Typical yearly property tax $433 $545 $1,180 $3,119
Effective property tax rate 0.28% 0.39% 0.55% 0.94%
Renters with high rent for their income 50% 51% 55% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below St. Mary Parish. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Morgan City

For a typical $155,200 home in Morgan City, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Morgan City's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,202a month

    Least cash to close
    Down payment
    $5,432
    Cash to close
    $10,088
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $69

  • Conventional, 5% down $1,173a month

    Down payment
    $7,760
    Cash to close
    $12,416
    Rate
    7.18%
    Mortgage insurance
    PMI · $74

  • Conventional, 20% down, no PMI $942a month

    Down payment
    $31,040
    Cash to close
    $35,696
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,085a month

    Down payment
    $23,280
    Cash to close
    $27,936
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Morgan City and for St. Mary Parish.

Property tax

Effective rate in Morgan City

0.28%of the home’s value each year

$433 a year for the typical owner in Morgan City.

  • Morgan City 0.28%
  • St. Mary 0.39%
  • Louisiana 0.55%

What Louisiana publishes Homestead exemption: $7,500 of assessed value (Louisiana State Legislature (Louisiana Constitution))

Exemptions and deadlines in Louisiana

Flood risk in St. Mary Parish

FEMA does not publish these numbers by city: they are for all of St. Mary Parish.

Homes in the high-risk zone
28%
5,751
Of those, with NFIP insurance
26%
Parish Louisiana U.S.
Homes in the high-risk zone 28% 15% 3.5%
Of those, with NFIP insurance 26% 73% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Morgan City

Typical rent in Morgan City is $917 a month: 8% above the parish. In Morgan City, 50% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of St. Mary Parish, by unit size. To pay the 2-bedroom one ($997 a month) without spending more than 30% of your income, you would need to earn $19.17 an hour working full time.

HUD fair market rent for all of St. Mary Parish

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $757 $14.56 $30,280
1 bedroom $762 $14.65 $30,480
2 bedrooms $997 $19.17 $39,880
3 bedrooms $1,321 $25.40 $52,840
4 bedrooms $1,633 $31.40 $65,320

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Morgan City

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Morgan City is in ZIP code 70380.

For 2 bedrooms it is $1,020: $23 more than the fair market rent for St. Mary Parish ($997).

  • 70380 $1,020$1,340

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Morgan City when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Morgan City

HUD lists one building with rents for lower incomes in Morgan City.

  • Jacquet & Wise 193 Mallard St, Morgan City 70380 293 low-income homes · Run by Housing Authority of the City of Morgan City · Average payment: $318 a month · Average wait: 2 months (985) 384-5118

See all 7 buildings in St. Mary Parish Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Morgan City

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in St. Mary Parish; none says it serves in Spanish.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Morgan City

No down payment, repair or rent-help program on our list is for Morgan City or St. Mary Parish. The ones below are statewide in Louisiana: they work in Morgan City the same as in the rest of the state.

Which programs do I qualify for? All programs in Louisiana

  • HomeStart Assist

    Statewide in Louisiana

    Louisiana state corporation 30-year mortgage for first-time buyers with 4% of the loan in assistance, as a 0% second mortgage forgiven after 60 months. Offered by Louisiana Housing Corporation (LHC).

    Forgivable

    See the program Official page

  • HomeStart Advantage

    Statewide in Louisiana

    Louisiana state corporation 30-year mortgage with 4% of the loan in assistance, as a 0% second mortgage forgiven after 60 months; you do not need to be a first-time buyer, but you cannot own another home at closing. Offered by Louisiana Housing Corporation (LHC).

    Forgivable

    See the program Official page

Housing counselors near Morgan City

The HUD-approved agencies closest to the center of Morgan City, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Saint Mary Community Action Agency, Inc.

    1407 Barrow St, Franklin · 20 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (337) 828-5703

  • Integrity Homebuyer Association, Incorporated

    2107 S Burnside Ave Ste 5, Gonzales · 39 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (225) 644-6705

  • NSC (naca Counseling Subsidiary) - Baton Rouge, LA

    10101 Siegen Ln Bldg 2 Ste B, Baton Rouge · 45 miles away · Spanish

    • Budget and financial counseling
    • Workshops for new owners
    • and 2 more
    (225) 767-9224

Every agency in St. Mary Parish All counseling agencies in Louisiana

Help in Spanish near Morgan City

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Morgan City

HUD’s record names them for Morgan City or St. Mary Parish. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the City of Morgan City Public housing and Section 8 vouchers (985) 384-5118
  • St. Mary Parish Council Section 8 vouchers (985) 384-0709

2 other authorities have an office in St. Mary Parish: see the list Source: HUD

Cities

Other cities in St. Mary Parish

These cities are also in St. Mary Parish. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about St. Mary Parish Housing in Louisiana

Nearby cities

The cities closest to Morgan City, with the typical home value.

Neighboring counties

If St. Mary Parish is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Morgan City.

All guides
A family walks a boardwalk trail in the forest; one of them uses a wheelchair.

Questions

Housing questions about Morgan City

Short answers with the numbers for Morgan City and all of St. Mary Parish. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Morgan City?

The typical home value in Morgan City is $155,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in St. Mary Parish it is $138,900.

How much does it cost to rent in Morgan City?

Typical rent in Morgan City is $917 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in St. Mary Parish is $997.

What is the FHA loan limit in Morgan City?

Morgan City uses the FHA limit for all of St. Mary Parish (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Morgan City?

The typical homeowner in Morgan City pays $433 a year, according to the U.S. Census Bureau. That is 0.28% of the home’s value; in St. Mary Parish, the rate is 0.39%.

Where can I find free help to buy or rent in Morgan City?

There is 1 HUD-approved counseling agency with an office in St. Mary Parish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).