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Featured local agent — Morganza, LA
Sarah Mitchell
Compass Real Estate · Morganza, LA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Morganza, LA Housing Market
The last median sale price Redfin published was $90,000 (through May 2026). With 4.0 months of supply and homes going under contract in about 64 days, Morganza is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $90,000 home is about $480/mo in principal and interest.
Key numbers for Morganza, LA
Median sale price
$90,000
Last published period
Redfin, through May 2026
Days on market
64
Slow-moving
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$42,500
Home costs 2.1x income
U.S. Census ACS, 2023
Sale-to-list ratio
81.8%
Selling below asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Morganza a buyer's or seller's market?
Morganza, LA is a buyer's market, based on 4.0 months of supply and homes selling in about 64 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Morganza housing market data show?
Every row below is Redfin's final published month for Morganza, LA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $90,000 |
| Median list price | $199,000 |
| Median price per sq ft | $55/sq ft |
| Median days on market | 64 days |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 81.8% |
| Homes sold (that month) | 1 |
| Listings with a price cut | 75.0% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Morganza is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Morganza is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Morganza home prices moved?
Across the 19 months we hold for Morganza, LA, the median sale price rose 38.5%, from $65,000 in April 2021 to $90,000. 75.0% of Morganza listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 4.0 months while the sale-to-list ratio slips below its current 81.8%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Morganza?
Priced off the median sale price of $90,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $18,000 | $72,000 | $480/mo |
| 5% | $4,500 | $85,500 | $571/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $480, that implies roughly $20,592 a year before you add taxes and insurance. The median household in Morganza earns $42,500, about $21,908 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.1x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Morganza in the next 12 months?
Tell us your timeline. We send the Morganza market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Morganza?
Zillow does not publish a rent index (ZORI) for Morganza, LA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Morganza?
We hold fewer than two months of inventory readings for Morganza, LA, so there is no trend to report yet.
How does Morganza compare to Louisiana and the U.S.?
Morganza homes sell for $90,000 — 67% below the Louisiana median of $269,000. Against the national median of $410,700, Morganza runs 78% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Morganza, LA | $90,000 | not published | 64 days |
| Louisiana statewide | $269,000 | +3.2% | 55 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Morganza
What buyers should watch
- Months of supply, currently 4.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 75.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $90 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $90,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Morganza listing goes under contract in 64 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 81.8% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Morganza varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Morganza
Explore homes currently listed for sale in Morganza, Louisiana across major real estate platforms.
How much do homes cost in Morganza by property type?
How the Morganza, LA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $90,000 | $55/sq ft | 1 | 64 days |
Who lives in Morganza?
American Community Survey estimates for Morganza. U.S. Census ACS, 2023
Population
601
Households
258
Median income
$42,500/yr
Median age
38.4 years
Owner-occupied
81.4%
Median home value
$131,500
Median gross rent
$917/mo
Mean commute
27.6 min
81.4% of occupied homes in Morganza are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Morganza, LA?
Ordered by distance from Morganza, not by size. Compare Morganza side by side with any of them.
Morganza housing market FAQ
Is Morganza a buyer's or seller's market?
Morganza, LA is currently a buyer's market. That read comes from 4.0 months of supply, homes going under contract in about 64 days, and sellers getting 81.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Morganza?
The median sale price in the last month Redfin published was $90,000, about $55 per square foot.
Is Morganza cheaper than the rest of Louisiana?
Morganza's median sale price of $90,000 is 67% lower than the Louisiana statewide median of $269,000, and 78% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Morganza?
Homes in Morganza, LA spent a median of 64 days on market before going under contract, versus 55 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Morganza?
At the current 30-year fixed rate of 7.03%, 20% down on a $90,000 home is about $480 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $20,592 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $42,500.
Are home prices rising in Morganza?
We do not hold a complete 12-month value series for Morganza, LA yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Morganza?
Morganza ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Morganza?
That depends on your timeline, not on a headline. What the data says today: Morganza, LA is a buyer's market with 4.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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