The story of this market
The typical home in ZIP 70381 sells for about $175,000, or $115 per square foot.
Prices are down 2.4% from a year ago, which gives buyers more room to negotiate. Homes take about 82 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 70381 — Morgan City
The housing market in 70381 is currently experiencing a period of price stabilization following years of modest growth, driven by the local energy-dependent economy. High inventory levels relative to sales volume suggest a buyer-friendly environment, though elevated insurance costs remain a significant barrier for many potential homeowners.
This area is best suited for local industry workers and budget-conscious families seeking affordable housing, though it may be less attractive to those prioritizing high-end amenities or short commutes to major metros.
Median prices moved down 2.4% year over year.
Homes spend a median of 82 days on market with 5.8 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 19.5% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 70381, St. Mary Parish, LA
Crime rates in the Morgan City area are generally higher than the national average, with property crime being the most frequently reported incident type.
Public schools serving the area are part of the St. Mary Parish School District, which maintains a mixed performance record with several schools requiring improvement to meet state benchmarks.
The area faces significant flood risk due to its proximity to the Atchafalaya River and Gulf Coast, necessitating mandatory flood insurance for many properties in low-lying zones.
The local economy is heavily anchored by the oil and gas support services industry, with ongoing efforts to diversify into maritime and logistics sectors.
Property taxes are assessed by St. Mary Parish based on a millage rate applied to the assessed value of the property, with homestead exemptions available for primary residences.
Commuting is primarily car-dependent, with US Highway 90 serving as the main artery for travel toward regional employment hubs in Lafayette or New Orleans.
Residents have access to local parks and the nearby Atchafalaya Basin for fishing and boating, though major retail and entertainment options are limited within the immediate ZIP.
The rental market is characterized by steady demand from the local workforce, with limited new multi-family construction keeping vacancy rates relatively low.
The economy is dominated by the oilfield services sector, maritime support, and local government services.
Transportation is dominated by private vehicle use; public transit options are minimal, relying on regional highway connectivity.
Development is currently focused on small-scale residential infill and maintenance of existing industrial infrastructure.
The St. Mary Parish Assessor is responsible for the valuation of all real property within the parish, following state-mandated assessment cycles.
Parcels are subject to St. Mary Parish school and levee district taxes, which fund local education and flood protection infrastructure.
Property insurance premiums are high due to significant wind and flood exposure, with many residents relying on the National Flood Insurance Program.
Data retrieved from data.census.gov using ZCTA 70381 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Lake End Park4.62.2 mi
- Amelia Belle Casino3.96.8 mi
- Cajun Man's Swamp Tours and Adventures LLC4.97.8 mi
- Kemper Williams Park4.45.2 mi
- Wedell-Williams Aviation and Cypress Sawmill Museum4.85.2 mi
- Lake End Park4.62.2 mi
- Jessie Fontenot Memoral Boat Landing4.43.2 mi
- Kemper Williams Park4.45.2 mi
- Lawrence Park4.60.1 mi
- Lake End Bark Park4.63 mi
- Bob's Bayou Black Marina4.616.5 mi
- Atchafalaya Golf Course4.25.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Popular destination for recreational fishing and boating.
Community park providing green space and playground facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.