Washington Heights, New York, NY—10033
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Washington Heights, New York, NY
As of Oct '25, the median home price in Washington Heights, New York, NY is $610,000, with a year-over-year change of 3.8%. This indicates that home prices in Washington Heights, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $610,000 | 3.8% |
| Single Family | N/A | N/A |
| Condos | $591,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $464,000 | 2.4% |
2 Bed | $662,000 | 5.4% |
3 Bed | $850,000 | 5.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Washington Heights, New York, NY
As of July '25, Rentcast reports the average rent in Washington Heights, New York, NY is $2,960, with a year-over-year rent change of -6.6%. Per bedroom, the median rent as of July '25 in Washington Heights, New York, NY is studios: $2,020, 1-bedrooms: $2,550, 2-bedrooms: $3,300, 3-bedrooms: $3,660, 4-bedrooms: $3,600. The most common rental property sizes in Washington Heights, New York, NY are 2-bedroom and 1-bedroom, accounting for 41.0% and 33.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $2,960 |
| Studio Rent | $2,000 | $2,020 |
| 1 Bed Rent | $2,600 | $2,550 |
| 2 Bed Rent | $3,000 | $3,300 |
| 3 Bed Rent | $3,850 | $3,660 |
| 4 Bed Rent | $3,600 | $3,600 |
% of Rental Stock
Property Listings — Washington Heights, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Washington Heights, New York, NY is 83. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $580,000 | -2.0% |
Listing Count | 83 | 8.0% |
| Listings as % of Homes | 0.3% | 8.0% |
Days on Market | 83 | -1.0% |
Demographics — Washington Heights, New York, NY
As of the latest ACS Survey released in 2023, Washington Heights, New York, NY has a population of 53,600, which has decreased by -10.1% over the past 5 years. Washington Heights, New York, NY is a moderately popular place for families, as children make up 16.7% of the population. The area has a moderately educated workforce, with 41.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 53,600 | -10.1% |
% Under 18 | 16.7% | -7.7% |
% Seniors | 14.1% | 0.7% |
% WFH | 16.4% | 234.7% |
% w/ College Degree | 41.3% | 13.8% |
As of the latest ACS Survey released in 2023, Washington Heights, New York, NY is a predominantly hispanic area, with 63.1% of the population identifying as hispanic. The hispanic population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Washington Heights, New York, NY is white, making up 27.0% of the population. Foreign-born residents account for 40.8% of the population in Washington Heights, New York, NY, and this percentage has decreased by 13.0% 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 | 27.0% | 14.4% |
% Black | 7.1% | -31.7% |
% Hispanic | 63.1% | -7.9% |
% Asian | 3.4% | 54.5% |
% Foreign Born | 40.8% | -13.0% |
Mortgage and Risk — Washington Heights, New York, NY
According to HUD data as of 2023, there were 60 mortgage originations in Washington Heights, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Washington Heights, New York, NY. Investor activity is low, as 0.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 60 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Washington Heights, New York, NY
As of 2024, the percent of homes in Washington Heights, New York, NY under the Section 8 program is 10.5%. 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. In Washington Heights, New York, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,788 |
Total Units Section 8 | 1,788 |
% Rentals under Section 8 | 10.5% |
% Occupied Section 8 | 86.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$390 | $2,600 | $2,210 |
| 2 Bedroom | -$520 | $3,000 | $2,480 |
| 3 Bedroom | -$750 | $3,850 | $3,100 |
| 4 Bedroom | -$270 | $3,600 | $3,330 |
Affordability — Washington Heights, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.7 |
| Median Home Price | $610,000 |
| Median Household Income | $75,600 |