Similar to its surrounding areas, it's a lot less expensive compared to the United States as a whole. It is significantly less expensive compared to the city of Baton Rouge.
Home prices
The median home value in Morgantown is $78,400. It is is very similar in comparison to other places in this area.In comparison to the rest of the nation it is about $139,100 (63%) lower, and is roughly $95,600 (54%) lower in comparison to the city of Baton Rouge.
Rents
Morgantown's median rent is $941 per month. It is roughly $310 (49%) higher in comparison to nearby areas.Compared to the nation as a whole it is approximately $121 (11%) lower, and in comparison to the city of Baton Rouge is about $62 (7%) higher.
Nearby places
Natchez
Natchez is Morgantown's neighbor to the southwest. Housing prices there are a little more expensive. The median home cost in Natchez is $97,500, which works out to $19,100 (19%) higher than Morgantown. Its rents are significantly less expensive. The median rent in Natchez is $592 per month, which comes out to $349 (58%) lower than Morgantown.
Vidalia
Vidalia is approximately 4 miles west from Morgantown. Its housing prices are somewhat more expensive. The value of the median home in Vidalia is $101,500, which works out to $23,100 (22%) higher than Morgantown. Its rents are somewhat more expensive. In Vidalia the median rent is $1,063 per month, which is $122 (11%) higher than Morgantown.
Cloverdale
Cloverdale is about 6 miles southwest of Morgantown. Real estate prices there are somewhat less expensive. The price of the median home in Cloverdale is $67,300, which works out to $11,100 (16%) lower than Morgantown. Rent there is a lot less expensive. In Cloverdale the median monthly rent is $496, which comes out to $445 (89%) lower than Morgantown.
Minorca
Minorca is about 7 miles west of Morgantown. The housing prices there are fairly similar. The median home cost in Minorca is $77,000, which is $1,400 (1%) lower than Morgantown. The rent there is a lot less expensive. Minorca's median rent is $514 per month, which comes out to $427 (83%) lower than Morgantown.
Ridgecrest
Ridgecrest is roughly 9 miles west from Morgantown. Real estate prices there are a lot less expensive. The median home cost in Ridgecrest is $46,900, which is $31,500 (67%) lower than Morgantown. The rent there is substantially less expensive. The median monthly rent in Ridgecrest is $492, which comes out to $449 (91%) lower than Morgantown.
