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 $591,446, higher than the Bronx average of $429,128.

The average cost of rent is $1,583/mo in Morris Park, primarily driven by the current value of real estate in the Morris Park area. While nearly 45.36% of residents own their homes outright in Morris Park, 57.11% rent.

Housing affordability isn’t just about home prices, though. The average household income in Morris Park is $6,333 per month. Households that rent pay about 25.00% of their income on rent here. Morris Park's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the neighborhood.


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