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Morganville

Learn about the people, housing, costs and businesses in Morganville, New Jersey

Median Home$814,298
Median Rent$2,692/month
Population5,684
Leading IndustriesProfessional Services · Education · Arts, Food & Hospitality3% professional services
Home Value Growth⬆⬆+20.9% over 2 years
Young Adults47% of residentstop 1% nationally
Homeowners90% of occupied units
NotableHigh Incomes$188k/year · top 2% nationally
NotableHighly Educated32% bachelor's · 19% graduate · top 6% nationally
Morganville
NJ

Frequently Asked Questions

What are today's mortgage rates in Morganville?

As of today, the 30-year fixed mortgage rate for Morganville is approximately 6.808% (6.841% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Morganville?

The median home value in Morganville is $814k. The median monthly rent is $2,692. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morganville?

Home values in Morganville have increased 20.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Morganville?

Based on a typical all-in ownership cost of $3,285/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $141k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morganville is $188k/year.

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What industries drive the economy in Morganville?

The largest employment sectors in Morganville are public administration (28%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.