Morrisville, PA

Map Loading GIF Please wait, loading your map...


Morrisville, PA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Morrisville Housing Market Information

With a population of 8,552, 3,389 total housing units (homes and apartments), and a median house value of $249,282, Morrisville real estate is some of the most expensive in Pennsylvania, although Morrisville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Morrisville, accounting for 64.64% of the borough's housing units. Other types of housing that are prevalent in Morrisville include large apartment complexes or high rise apartments ( 13.93%), row houses and other attached homes ( 13.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.55%).

The most prevalent building size and type in Morrisville are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 58.11% owning and 41.89% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Morrisville's housing was primarily built during this period, from the '40s through the '60s. A full 47.78% of the borough's housing hails from this era. Other housing ages represented in Morrisville include homes built before 1939 ( 31.61%) and housing constructed between 1970-1999 ( 20.18%).

Vacant housing appears to be an issue in Morrisville. Fully 10.58% of the housing stock is classified as vacant. Left unchecked, vacant Morrisville homes and apartments can be a drag on the real estate market, holding Morrisville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Morrisville Home Appreciation Rates

Morrisville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Morrisville during the period has been just -0.08%, which is lower than 80% of US communities.

Over the last year, Morrisville appreciation rates have trailed the rest of the nation. In the last twelve months, Morrisville's appreciation rate has been 4.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Morrisville were at 1.35%, which equates to an annual appreciation rate of 5.53%.

Relative to Pennsylvania, our data show that Morrisville's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.

One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Morrisville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Morrisville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Morrisville real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

Morrisville, PA HOME PRICES

Value Range
> $1,113,000 0.7
$835,001 - $1,113,000 0.5
$556,001 - $835,000 0.2
$445,001 - $556,000 0.7
$334,001 - $445,000 5.6
$222,001 - $334,000 40.9
$111,001 - $222,000 47.2
$56,001 - $111,000 1.2
$0 - $56,000 3.0

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
26.4934306569343 14.96138996139

Number Of Homes And Apartments:

Morrisville Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
69.40% 2.85%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,425 / per month

Homeownership Rate

Owners 58.11
Renters 41.89
Vacant 10.58

Housing Market Details


Age of Homes

AGE OF Morrisville HOMES
2000 or Newer 0.4
1970 - 1999 20.2
1940 - 1969 47.8
1939 or Older 31.6

Types of Homes

TYPE OF Morrisville HOMES
Single-Family 64.6
Townhomes 13.6
Small Apt. Buildings 7.5
Apt. Complexes 13.9
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Morrisville HOMES
No Bedroom 1.06
1 Bedroom 15.07
2 Bedrooms 18.94
3 Bedrooms 44.35
4 Bedrooms 18.42
5 or more bedrooms 2.16