Morgantown, PA—19543
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morgantown, PA
As of Oct '25, the median home price in Morgantown, PA is $435,000, with a year-over-year change of 5.8%. This indicates that home prices in Morgantown, PA are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $435,000 | 5.8% |
| Single Family | $451,000 | 5.6% |
| Condos | $281,000 | 3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $271,000 | 3.4% |
3 Bed | $369,000 | 4.5% |
4 Bed | $515,000 | 5.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Morgantown, PA
As of July '25, Rentcast reports the average rent in Morgantown, PA is $1,890, with a year-over-year rent change of 5.0%. Per bedroom, the median rent as of July '25 in Morgantown, PA is 1-bedrooms: $1,520, 2-bedrooms: $1,900, 3-bedrooms: $2,200. The most common rental property sizes in Morgantown, PA are 3-bedroom and 2-bedroom, accounting for 28.9% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,890 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,520 |
| 2 Bed Rent | $2,000 | $1,900 |
| 3 Bed Rent | $2,300 | $2,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Morgantown, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Morgantown, PA is 25. This is a increase of 35.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $444,000 | -4.0% |
Listing Count | 18 | 26.0% |
| Listings as % of Homes | 0.5% | 26.0% |
Days on Market | 25 | 35.0% |
Demographics — Morgantown, PA
As of the latest ACS Survey released in 2023, Morgantown, PA has a population of 6,170, which has decreased by -1.5% over the past 5 years. Morgantown, PA is a popular place for families, as children make up 26.8% of the population. The area has a moderately educated workforce, with 39.7% 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 | 6,170 | -1.5% |
% Under 18 | 26.8% | -0.4% |
% Seniors | 11.8% | -16.9% |
% WFH | 23.0% | 177.1% |
% w/ College Degree | 39.7% | 4.7% |
As of the latest ACS Survey released in 2023, Morgantown, PA is a predominantly white area, with 92.4% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Morgantown, PA is hispanic, making up 4.8% of the population. Foreign-born residents account for 2.0% of the population in Morgantown, PA, and this percentage has increased by 33.3% 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 | 92.4% | -2.5% |
% Black | 0.5% | -44.4% |
% Hispanic | 4.8% | 100.0% |
% Asian | 1.3% | 30.0% |
% Foreign Born | 2.0% | 33.3% |
Mortgage and Risk — Morgantown, PA
According to HUD data as of 2023, there were 111 mortgage originations in Morgantown, PA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Morgantown, PA. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 111 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Morgantown, PA
Morgantown, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$500 | $1,600 | $1,100 |
| 2 Bedroom | -$620 | $2,000 | $1,380 |
| 3 Bedroom | -$570 | $2,300 | $1,730 |
| 4 Bedroom | N/A | N/A | $1,830 |
Affordability — Morgantown, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $435,000 |
| Median Household Income | $112,000 |