Morgan City, LA Real Estate
According to census data in the year 2000 there were 5,713 housing units in Morgan City.
This represents a 2.1% decline from 5,838 in 1990.
Of those housing units, 5,678 were located in either urbanized areas or urban clusters, and 35 were located in what is classified as a rural area.
Homeownership rate in Morgan City is about 67.2%.
Morgan City's vacancy rate, including seasonal lodging, is about 10.4%.
Average household size is 2.51 people.
The majority of houses, apartments or condos in Morgan City were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 11.70% |
| Two Bedrooms | 32.10% |
| Three Bedrooms | 42% |
| Four Bedrooms | 12.70% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $76,400 |
| Median Price asked for vacant units | $56,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $317 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 3.90% |
| Home Equity Loan | 0.90% |
| Simple Mortgage | 37.80% |
| Debt Free | 56.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.4% |
