Morningside Heights, New York, NY—10025
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morningside Heights, New York, NY
As of Oct '25, the median home price in Morningside Heights, New York, NY is $1,086,000, with a year-over-year change of 5.9%. This indicates that home prices in Morningside Heights, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,086,000 | 5.9% |
| Single Family | $1,459,000 | 0.6% |
| Condos | $1,074,000 | 5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $764,000 | 1.6% |
2 Bed | $1,263,000 | 0.8% |
3 Bed | $2,024,000 | 0.0% |
4 Bed | $3,215,000 | -1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Morningside Heights, New York, NY
As of July '25, Rentcast reports the average rent in Morningside Heights, New York, NY is $4,980, with a year-over-year rent change of -0.2%. Per bedroom, the median rent as of July '25 in Morningside Heights, New York, NY is studios: $3,650, 1-bedrooms: $4,690, 2-bedrooms: $6,230, 3-bedrooms: $5,550, 4-bedrooms: $4,190. The most common rental property sizes in Morningside Heights, New York, NY are 2-bedroom and 1-bedroom, accounting for 34.7% and 33.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,750 | $4,980 |
| Studio Rent | $3,500 | $3,650 |
| 1 Bed Rent | $4,800 | $4,690 |
| 2 Bed Rent | $6,530 | $6,230 |
| 3 Bed Rent | $5,700 | $5,550 |
| 4 Bed Rent | $1,810 | $4,190 |
% of Rental Stock
Property Listings — Morningside Heights, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Morningside Heights, New York, NY is 46. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,260,000 | -22.0% |
Listing Count | 342 | -6.0% |
| Listings as % of Homes | 0.6% | -6.0% |
Days on Market | 46 | -5.0% |
Demographics — Morningside Heights, New York, NY
As of the latest ACS Survey released in 2023, Morningside Heights, New York, NY has a population of 93,200, which has remained stable by 0.5% over the past 5 years. Morningside Heights, New York, NY is a less popular place for families, as children make up 13.7% of the population. The area has a highly educated workforce, with 68.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 93,200 | 0.5% |
% Under 18 | 13.7% | -2.8% |
% Seniors | 22.2% | 11.0% |
% WFH | 26.0% | 168.0% |
% w/ College Degree | 68.8% | 3.1% |
As of the latest ACS Survey released in 2023, Morningside Heights, New York, NY is a predominantly white area, with 53.6% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Morningside Heights, New York, NY is hispanic, making up 22.5% of the population. Foreign-born residents account for 23.6% of the population in Morningside Heights, New York, NY, and this percentage has decreased by 8.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 53.6% | -1.8% |
% Black | 10.6% | -15.9% |
% Hispanic | 22.5% | -3.8% |
% Asian | 10.1% | 13.5% |
% Foreign Born | 23.6% | -8.5% |
Mortgage and Risk — Morningside Heights, New York, NY
According to HUD data as of 2023, there were 344 mortgage originations in Morningside Heights, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Morningside Heights, New York, NY. Investor activity is low, as 1.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 344 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 1.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Morningside Heights, New York, NY
As of 2024, the percent of homes in Morningside Heights, New York, NY under the Section 8 program is 7.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Morningside Heights, New York, NY, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 5,399 |
Total Units Section 8 | 2,217 |
% Rentals under Section 8 | 7.7% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$2,310 | $4,800 | $2,490 |
| 2 Bedroom | -$3,770 | $6,530 | $2,760 |
| 3 Bedroom | -$2,260 | $5,700 | $3,440 |
| 4 Bedroom | $1,900 | $1,810 | $3,710 |
Affordability — Morningside Heights, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.8 |
| Median Home Price | $1,086,000 |
| Median Household Income | $109,000 |