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New Morgan

Learn about the people, housing, costs and businesses in New Morgan, Pennsylvania

Median Home$338,800
Median Rent$1,482/month
Population56
Leading IndustriesArts, Food & Hospitality · Retail · Healthcare10% arts, food & hospitality
Home Value Growth⬆⬆+13.3% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners84% of occupied units
NotableAmenity Score83/100 · highly walkable area
NotableTransit84/100 · excellent transit access
New Morgan
PA

Frequently Asked Questions

What are today's mortgage rates in New Morgan?

As of today, the 30-year fixed mortgage rate for New Morgan is approximately 6.988% (7.027% 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 New Morgan?

The median home value in New Morgan is $339k. The median monthly rent is $1,482. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Morgan?

Home values in New Morgan have increased 13.3% 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 New Morgan?

Based on a typical all-in ownership cost of $1,818/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $78k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Morgan is $108k/year.

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What industries drive the economy in New Morgan?

The largest employment sectors in New Morgan are retail (16%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.