Washington Heights median real estate price is $1,332,340, which is more expensive than 85.4% of the neighborhoods in New York and 95.4% of the neighborhoods in the U.S.
The average rental price in Washington Heights is currently $3,393, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 40.3% of New York neighborhoods.
Washington Heights is a densely urban neighborhood (based on population density) located in New York, New York.
Washington Heights real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Washington Heights neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Washington Heights are 3.3%, which is lower than one will find in 78.3% of American neighborhoods. Demand for real estate in Washington Heights is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 154,181 people per square mile, it is more densely populated than 99.9% of America's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Washington Heights neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, the real estate in the Washington Heights neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 99.5% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.9% of American neighborhoods.
Furthermore, renter-occupied real estate is dominant in the Washington Heights neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 96.8%, which is higher than 98.4% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Also of note, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Washington Heights neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 70.7% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 98.7% of the neighborhoods in the United States.
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Washington Heights neighborhood has a highly unusual pattern of car ownership. 78.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.8% of U.S. neighborhoods.
In the Washington Heights neighborhood, 49.2% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 99.4% of the neighborhoods in America.
Also, more people in Washington Heights choose to walk to work each day (20.0%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Did you know that the Washington Heights neighborhood has more Dominican and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 51.4% of this neighborhood's residents have Dominican ancestry and 14.6% have South American ancestry.
Washington Heights is also pretty special linguistically. Significantly, 69.5% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.3% of all U.S. neighborhoods.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the Washington Heights neighborhood has a greater percentage of residents born in another country (54.3%) than are found in 98.5% of all U.S. neighborhoods.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Washington Heights neighborhood in New York are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 43.2% of the neighborhoods in America. With 29.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 80.8% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Washington Heights neighborhood, 32.6% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 30.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.5%), and 14.2% in clerical, assistant, and tech support occupations.
The most common language spoken in the Washington Heights neighborhood is Spanish, spoken by 69.5% of households. Some people also speak English (25.9%).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Washington Heights neighborhood in New York, NY, residents most commonly identify their ethnicity or ancestry as Dominican (51.4%). There are also a number of people of South American ancestry (14.6%), and residents who report Mexican roots (7.2%), and some of the residents are also of Irish ancestry (5.1%), along with some Asian ancestry residents (3.3%), among others. In addition, 54.3% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Washington Heights neighborhood spend between 45 minutes and one hour commuting one-way to work (36.5% of working residents), longer and tougher than most commutes in America.
Here most residents (49.2%) take the train to get to work. In addition, quite a number also hop out the door and walk to work to get to work (20.0%) and 14.2% of residents also carpool with coworkers, friends, or neighbors for their daily commute. This neighborhood is distinguished by the high number of residents who take the train to work each day, which can be a very good way to get to work at a lower cost and with less pollution.