The typical owner-occupied home in Morrisville is worth about $292,200, 15% above the Pennsylvania median of $254,500 and 12% below the national median of $332,700. Owners pay a median $5,875 a year in property taxes, about 2.01% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $99,526 a year, so the median home costs 2.9 times the median income (3.3 times for Pennsylvania). 65% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Morrisville at a glance
| Morrisville | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $292,200 | $254,500 | $332,700 |
| Median property tax paid per year | $5,875 | $3,311 | $3,119 |
| Property tax as a share of value | 2.01% | 1.30% | 0.94% |
| Median household income | $99,526 | $77,971 | $80,734 |
| Homes lived in by their owners | 65% | 69% | 65% |
| Owner homes with a mortgage | 63% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,123 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 21.8% | 19.4% | 21.0% |
| Median rent | $1,044 | $1,209 | $1,413 |
| Rent as a share of renters' income | 18.5% | 29.2% | 30.6% |
| Median year homes were built | 1955 | 1965 | 1980 |
| Vacant homes | 1.8% | 9.2% | 10.1% |
| Population | 9,752 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Morrisville
At this week's average 30-year rate of 7.11%, buying the median Morrisville home of $292,200 with 20% down costs about $2,184 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,670, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $93,588 for the 20%-down payment. That payment is 26% of the median Morrisville household income of $99,526; at that income and 20% down, the 28% guideline points to a home of about $311,000.
The median rent here is $1,044 a month, so owning the median home costs about $1,140 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $58,440 |
|---|---|
| Loan amount | $233,760 |
| Principal and interest | $1,573 |
| Property taxes (2.01% a year) | $489 |
| Homeowners insurance (our estimate, 0.5% a year) | $122 |
| PMI | $0 |
| Total per month | $2,184 |
Change the numbers in the calculator
| Down payment | $10,227 |
|---|---|
| Loan amount | $286,908 |
| Principal and interest | $1,930 |
| Property taxes (2.01% a year) | $489 |
| Homeowners insurance (our estimate, 0.5% a year) | $122 |
| FHA mortgage insurance | $129 |
| Total per month | $2,670 |
Change the numbers in the calculator
Questions about home buying in Morrisville
What is the median home value in Morrisville?
About $292,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Morrisville?
Homeowners pay a median $5,875 a year, which is about 2.01% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Morrisville?
For the median home with 20% down at 7.11%, the payment is about $2,184 a month. Keeping that under 28% of gross income takes about $93,588 a year.
More about Morrisville
- Mortgage Refinance in Morrisville
- Debt Relief in Morrisville
- Home Equity Loans in Morrisville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data