Washington Heights, New York, NY—10040

As of July '25, Rentcast reports the average rent in Washington Heights, New York, NY is $3,180, with a year-over-year rent change of 14.0%. Per bedroom, the median rent as of July '25 in Washington Heights, New York, NY is studios: $2,590, 1-bedrooms: $2,860, 2-bedrooms: $4,100, 3-bedrooms: $3,300, 4-bedrooms: $4,100. The most common rental property sizes in Washington Heights, New York, NY are 1-bedroom and 2-bedroom, accounting for 42.3% and 37.3% of the rental stock.

As of the latest ACS Survey released in 2023, Washington Heights, New York, NY has a population of 41,600, which has decreased by -6.7% over the past 5 years. Washington Heights, New York, NY is a moderately popular place for families, as children make up 15.8% of the population. The area has a moderately educated workforce, with 38.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.9% reporting working from home.

As of the latest ACS Survey released in 2023, Washington Heights, New York, NY is a predominantly hispanic area, with 68.8% of the population identifying as hispanic. The hispanic population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Washington Heights, New York, NY is white, making up 22.5% of the population. Foreign-born residents account for 48.4% of the population in Washington Heights, New York, NY, and this percentage has increased by 1.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

As of 2024, the percent of homes in Washington Heights, New York, NY under the Section 8 program is 10.3%. 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.