Home prices
Morgantown's median home price is $206,600. This is about $13,240 (6%) lower compared to other places in this area.In comparison to the entire country it is approximately $10,900 (5%) lower, and in comparison to the city of Philadelphia is about $43,600 (26%) higher.
Rents
The median rent in Morgantown is $791 a month. This is approximately $101 (11%) lower compared to its surrounding areas.Compared to the entire country it is approximately $271 (25%) lower, and compared to the city of Philadelphia it is approximately $251 (24%) lower.
Nearby places
Elverson
Elverson is about 2 miles east from Morgantown. The housing prices there are a little more expensive. The cost of the median home in Elverson is $277,500, which comes out to $70,900 (25%) higher than Morgantown. Rents there are similar. In Elverson the median rent is $823 per month, which is $32 (3%) higher than Morgantown.
Honey Brook
Honey Brook is approximately 4 miles south of Morgantown. The real estate prices there are fairly similar. The value of the median home in Honey Brook is $213,900, which works out to $7,300 (3%) higher than Morgantown. Its rents are a little more expensive. In Honey Brook the median rent is $988 a month, which comes out to $197 (19%) higher than Morgantown.
Goodville
Goodville is approximately 5 miles west of Morgantown. Its housing prices are similar. Goodville's median home cost is $209,100, which works out to $2,500 (1%) higher than Morgantown. Its rents are a little more expensive. In Goodville the median rent is $1,011 a month, which is $220 (21%) higher than Morgantown.
Bowmansville
Bowmansville is about 6 miles northwest from Morgantown. Its real estate prices are fairly similar. The median home in Bowmansville is valued at $199,300, which comes out to $7,300 (3%) lower than Morgantown. Rent there is similar. Bowmansville's median monthly rent is $819, which comes out to $28 (3%) higher than Morgantown.
Terre Hill
Terre Hill is roughly 7 miles west from Morgantown. The housing prices there are pretty similar. The price of the median home in Terre Hill is $199,400, which comes out to $7,200 (3%) lower than Morgantown. Its rents are fairly similar. In Terre Hill the median rent is $819 per month, which is $28 (3%) higher than Morgantown.
