Morgantown, PA 19543 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Morgantown, PA—19543

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$446,000

3.4% YoY Growth

Household Income

$112,000

19.7% YoY Growth

Days on Market

52.0% Shorter YoY

Home Price Forecast

1.9%

Median Rent

$1,850

5.0% YoY Growth

1-Bed Rent

$1,600

8.6% YoY Growth

2-Bed Rent

$2,000

N/A

3-Bed Rent

$2,300

0.0% YoY Growth

Home Price Trends — Morgantown, PA

As of May '26, the median home price in Morgantown, PA is $446,000, with a year-over-year change of 3.4%. This indicates that home prices in Morgantown, PA are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$446,000	3.4%
Single Family	$461,000	3.6%
Condos	$283,000	1.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

13.9%

2 Bedrooms

27.8%

3 Bedrooms

28.9%

4 Bedrooms

20.9%

5+ Bedrooms

8.4%

Property Listings — Morgantown, PA

As of May '26, Realtor.com reports that the median days on market for a home in Morgantown, PA is 30. This is a decrease of -52.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$500,000	-7.0%
Listing Count	11	-6.0%
Listings as % of Homes	0.5%	-6.0%
Days on Market	30	-52.0%

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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%

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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%

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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%

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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

Morgantown, PA—19543

Key Metrics at a Glance

Home Price Trends — Morgantown, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Morgantown, PA

% of Rental Stock

Property Listings — Morgantown, PA

Demographics — Morgantown, PA

Race and Ethnicity

Mortgage and Risk — Morgantown, PA

Mortgages

Rentals and Section 8 — Morgantown, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Morgantown, PA

Home Price to Income Ratio

Morgantown, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Narvon, PA

Honey Brook, PA

Mohnton, PA

Elverson, PA

Birdsboro, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$446,000
Median Household Income	$112,000

Morgantown, PA—19543

Key Metrics at a Glance

Home Price Trends — Morgantown, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Morgantown, PA

% of Rental Stock

Property Listings — Morgantown, PA

Demographics — Morgantown, PA

Race and Ethnicity

Mortgage and Risk — Morgantown, PA

Mortgages

Rentals and Section 8 — Morgantown, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Morgantown, PA

Home Price to Income Ratio

Morgantown, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Narvon, PA

Honey Brook, PA

Mohnton, PA

Elverson, PA

Birdsboro, PA

Frequently Asked Questions

What is the average home price in Morgantown, PA 19543?

How have home prices in Morgantown, PA 19543 changed over the past year?

What is the home price projection for Morgantown, PA 19543?

What are the demographics of Morgantown, PA 19543?

How long does it take homes to sell in Morgantown, PA 19543?

What is the average rent price in Morgantown, PA 19543?