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Morrisdale

Learn about the people, housing, costs and businesses in Morrisdale, Pennsylvania

Median Home$150,000
Median Rent$813/month
Population703
Leading IndustriesWholesale Trade · Manufacturing · Finance & Insurance13% wholesale trade
Home Value Growth⬆⬆+17.9% over 2 years
Retirees21% of residentsnear the national average
Homeowners88% of occupied units
NotableAffordable Market$150k median home · lower cost than 74% of the country
Morrisdale
PA

Frequently Asked Questions

What are today's mortgage rates in Morrisdale?

As of today, the 30-year fixed mortgage rate for Morrisdale is approximately 7.035% (7.079% 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 Morrisdale?

The median home value in Morrisdale is $150k. The median monthly rent is $813. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morrisdale?

Home values in Morrisdale have increased 17.9% 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 Morrisdale?

Based on a typical all-in ownership cost of $778/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morrisdale is $64k/year.

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What industries drive the economy in Morrisdale?

The largest employment sectors in Morrisdale are public administration (24%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.