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Morgan City town, MS

ZIP 38946 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 38946

Median Home Value
$102,500
Median Rent
$458
Affordability Snapshot
$28,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$658/mo PITI).

29%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.4x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

18.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 38946 in Morgan City town, MS, a household would need roughly $28,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $658. That is about 49% above the local median household income ($18,833), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 38% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
65.2%-0% vs US avg
x
Vacancy Rate
37.7%+266% vs US avg
x
Broadband Access
37.9%-56% vs US avg
x
4+ Bedrooms
16.0%+8% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
5.7%-18% vs US avg
x
Rent Burden >30%
39.1%-21% vs US avg
x
Mortgage-Free
48.8%+28% vs US avg
x
$102,500
Home Value
$458
Rent
1987
Year Built
1995
Moved In

Residents have lived here since ~1995 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached81.1%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other18.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$102,500
Median rent$458
Owner-occupied65.2%
Vacant37.7%
Price-to-income5.4x
Est. income to buy$28,000