Morrisville, PA—19067
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morrisville, PA
As of Oct '25, the median home price in Morrisville, PA is $576,000, with a year-over-year change of 5.3%. This indicates that home prices in Morrisville, PA are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $576,000 | 5.3% |
| Single Family | $616,000 | 5.1% |
| Condos | $416,000 | 6.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $250,000 | 4.6% |
2 Bed | $409,000 | 5.7% |
3 Bed | $498,000 | 5.5% |
4 Bed | $758,000 | 6.2% |
| 5 Bed | $876,000 | 5.8% |
% of Housing Stock
Rental Trends — Morrisville, PA
As of July '25, Rentcast reports the average rent in Morrisville, PA is $2,280, with a year-over-year rent change of -5.0%. Per bedroom, the median rent as of July '25 in Morrisville, PA is studios: $2,500, 1-bedrooms: $1,560, 2-bedrooms: $2,320, 3-bedrooms: $2,800, 4-bedrooms: $3,240. The most common rental property sizes in Morrisville, PA are 2-bedroom and 1-bedroom, accounting for 45.9% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,280 |
| Studio Rent | $2,500 | $2,500 |
| 1 Bed Rent | $1,480 | $1,560 |
| 2 Bed Rent | $2,440 | $2,320 |
| 3 Bed Rent | $2,900 | $2,800 |
| 4 Bed Rent | $2,700 | $3,240 |
% of Rental Stock
Property Listings — Morrisville, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Morrisville, PA is 24. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $622,000 | 1.0% |
Listing Count | 137 | 30.0% |
| Listings as % of Homes | 0.3% | 30.0% |
Days on Market | 24 | -10.0% |
Demographics — Morrisville, PA
As of the latest ACS Survey released in 2023, Morrisville, PA has a population of 53,600, which has increased by 3.9% over the past 5 years. Morrisville, PA is a moderately popular place for families, as children make up 21.0% of the population. The area has a highly educated workforce, with 56.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 53,600 | 3.9% |
% Under 18 | 21.0% | -5.8% |
% Seniors | 18.6% | 22.4% |
% WFH | 23.0% | 253.8% |
% w/ College Degree | 56.1% | 0.0% |
As of the latest ACS Survey released in 2023, Morrisville, PA is a predominantly white area, with 80.0% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Morrisville, PA is hispanic, making up 7.2% of the population. Foreign-born residents account for 10.7% of the population in Morrisville, PA, and this percentage has increased by 7.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.0% | -0.7% |
% Black | 3.8% | -44.9% |
% Hispanic | 7.2% | 46.9% |
% Asian | 6.0% | 20.0% |
% Foreign Born | 10.7% | 7.0% |
Mortgage and Risk — Morrisville, PA
According to HUD data as of 2023, there were 864 mortgage originations in Morrisville, PA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Morrisville, PA. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 864 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Morrisville, PA
As of 2024, the percent of homes in Morrisville, PA under the Section 8 program is 8.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Morrisville, PA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 325 |
Total Units Section 8 | 325 |
% Rentals under Section 8 | 8.1% |
% Occupied Section 8 | 75.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,480 | $1,620 |
| 2 Bedroom | -$510 | $2,440 | $1,930 |
| 3 Bedroom | -$570 | $2,900 | $2,330 |
| 4 Bedroom | -$60 | $2,700 | $2,640 |
Affordability — Morrisville, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $576,000 |
| Median Household Income | $132,000 |