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  5. /Morris Heights, New York, NY - 10453

Morris Heights, New York, NY—10453

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$572,000
8.0% YoY Growth
Household Income
$35,500
40.4% YoY Growth
Days on Market
93
10.0% Shorter YoY
Home Price Forecast
0.8%
Median Rent
$3,640
6.9% YoY Growth
1-Bed Rent
$1,600
6.2% YoY Growth
2-Bed Rent
N/A
N/A
3-Bed Rent
$3,780
14.4% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Morris Heights, New York, NY

As of May '26, the median home price in Morris Heights, New York, NY is $572,000, with a year-over-year change of 8.0%. This indicates that home prices in Morris Heights, New York, NY are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$572,0008.0%
Single Family $668,0006.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    10.2%
    1 Bedroom
    36.5%
    2 Bedrooms
    35.9%
    3 Bedrooms
    13.9%
    4 Bedrooms
    2.9%
    5+ Bedrooms
    0.6%

    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.

    TypeMedian RentAverage Rent
    Average Rent$3,640$2,930
    Studio Rent N/AN/A
    1 Bed Rent $1,600$1,720
    2 Bed Rent N/AN/A
    3 Bed Rent $3,780$3,740
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    10.5%
    1 Bedroom
    38.2%
    2 Bedrooms
    35.9%
    3 Bedrooms
    12.2%
    4 Bedrooms
    2.9%
    5+ Bedrooms
    0.3%

    Property Listings — Morris Heights, New York, NY

    As of May '26, Realtor.com reports that the median days on market for a home in Morris Heights, New York, NY is 93. This is a decrease of -10.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$138,000-80.0%
    Listing Count
    		80.0%
    Listings as % of Homes0.0%0.0%
    Days on Market
    		93-10.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$610$1,600$2,210
    2 BedroomN/AN/A$2,480
    3 Bedroom-$680$3,780$3,100
    4 BedroomN/AN/A$3,330

    Affordability — Morris Heights, New York, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio13.5
    Median Home Price$572,000
    Median Household Income$35,500

    Morris Heights, New York, NY — ZIP Code Boundary Map

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    Frequently Asked Questions