Total monthly cost of ownership
Cost to Own a Home in Morgan Hill, Pennsylvania
A $305,000 home here costs
$2,748per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,568. The real number is $1,180 higher every month — 75% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Morgan Hill against Northampton County and Pennsylvania
| Measure | Morgan Hill | Northampton County |
|---|---|---|
| Median home value | $304,900 | $285,000 |
| Median property tax | $6,743 | $4,710 |
| Effective tax rate | 2.212% | 1.653% |
| Median gross rent | $1,802 | $1,335 |
| Population | 1,412 | 315,927 |
The weather behind that power bill
Morgan Hill sits in Northampton County, which averages a high of 86.4°F in its hottest month and a low of 21.8°F in its coldest, with 47.36" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 981 cooling and 5,293 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Northampton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Northampton County
Full Northampton County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Morgan Hill?
A $305,000 home in Morgan Hill, Pennsylvania costs approximately $2,748 per month with 20% down at 6.66%. That is $1,568 principal and interest, $562 property tax, $102 homeowners insurance, $262 utilities and $254 set aside for maintenance.
What is the property tax rate in Morgan Hill?
Morgan Hill has an effective property tax rate of 2.212%, based on a median home value of $304,900 and median real estate taxes of $6,743. That is higher than the Northampton County average of 1.653%.
What is the average home price in Morgan Hill?
The median owner-occupied home value in Morgan Hill, Pennsylvania is $304,900, against $285,000 across Northampton County.
Is it cheaper to rent or buy in Morgan Hill?
Median gross rent in Morgan Hill is $1,802 a month, against $2,748 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Morgan Hill — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Pennsylvania.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.