Morris Heights, New York, NY—10453
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morris Heights, New York, NY
As of Oct '25, the median home price in Morris Heights, New York, NY is $560,000, with a year-over-year change of -1.8%. This indicates that home prices in Morris Heights, New York, NY are decreasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $560,000 | -1.8% |
| Single Family | $640,000 | -0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Morris Heights, New York, NY
As of July '25, Rentcast reports the average rent in Morris Heights, New York, NY is $2,930, with a year-over-year rent change of 6.9%. Per bedroom, the median rent as of July '25 in Morris Heights, New York, NY is 1-bedrooms: $1,720, 3-bedrooms: $3,740. The most common rental property sizes in Morris Heights, New York, NY are 1-bedroom and 2-bedroom, accounting for 38.2% and 35.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,640 | $2,930 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,720 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,780 | $3,740 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Morris Heights, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Morris Heights, New York, NY is 50. This is a increase of 48.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $700,000 | 33.0% |
Listing Count | 6 | -36.0% |
| Listings as % of Homes | 0.0% | -36.0% |
Days on Market | 50 | 48.0% |
Demographics — Morris Heights, New York, NY
As of the latest ACS Survey released in 2023, Morris Heights, New York, NY has a population of 78,300, which has decreased by -1.7% over the past 5 years. Morris Heights, New York, NY is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 14.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 78,300 | -1.7% |
% Under 18 | 25.7% | -8.5% |
% Seniors | 10.1% | 20.2% |
% WFH | 7.7% | 57.1% |
% w/ College Degree | 14.5% | 14.2% |
As of the latest ACS Survey released in 2023, Morris Heights, New York, NY is a predominantly hispanic area, with 67.2% of the population identifying as hispanic. The hispanic population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Morris Heights, New York, NY is black, making up 32.8% of the population. Foreign-born residents account for 44.0% of the population in Morris Heights, New York, NY, and this percentage has increased by 6.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 2.0% | 66.7% |
% Black | 32.8% | 1.2% |
% Hispanic | 67.2% | -2.9% |
% Asian | 1.3% | 0.0% |
% Foreign Born | 44.0% | 6.8% |
Mortgage and Risk — Morris Heights, New York, NY
According to HUD data as of 2023, there were 29 mortgage originations in Morris Heights, New York, NY, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Morris Heights, New York, NY. Investor activity is high, as 17.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 29 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 17.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Morris Heights, New York, NY
Morris Heights, New York, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8,172 |
Total Units Section 8 | 6,710 |
% Rentals under Section 8 | 25.7% |
% Occupied Section 8 | 88.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $610 | $1,600 | $2,210 |
| 2 Bedroom | N/A | N/A | $2,480 |
| 3 Bedroom | -$680 | $3,780 | $3,100 |
| 4 Bedroom | N/A | N/A | $3,330 |
Affordability — Morris Heights, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 14.3 |
| Median Home Price | $560,000 |
| Median Household Income | $35,500 |