The Most Affordable Neighborhoods in Morris Park, Bronx, NY by Home Value

 

Morris Park, Bronx, NY Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Morris Park area can be challenging. Home prices in Morris Park are now at a median cost of $729,623, higher than the Bronx average of $507,903.

The average cost of rent is $1,705/mo in Morris Park, primarily driven by the current value of real estate in the Morris Park area. In Morris Park, 66.26% of households rent, and 55.36% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Morris Park is $6,789 per month. Households that rent pay about 25.11% of their income on rent here. Morris Park’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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