Affordable
Expensive
Expensive
Colorblind friendly
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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 $217,517, lower than the Philadelphia average of $373,942.
The average cost of rent is $1,346/mo in Morris Park, primarily driven by the current value of real estate in the Morris Park area. In Morris Park, 32.77% of households rent, and 35.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morris Park is $6,005 per month. Households that rent pay about 22.42% of their income on rent here. Morris Park’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Haddington-Carroll Park, Philadelphia, PA: less expensive homes
- Haddington, Philadelphia, PA: less expensive homes
- Wynnefield, Philadelphia, PA: higher priced homes
- Cobbs Creek, Philadelphia, PA: higher priced homes
- Belmont, Philadelphia, PA: equally priced homes
- Bala Cynwyd, Bala-Cynwyd, PA: higher priced homes
- Kingsessing, Philadelphia, PA: less expensive homes
- University City, Philadelphia, PA: higher priced homes
- Brewerytown, Philadelphia, PA: higher priced homes
- Manayunk, Philadelphia, PA: higher priced homes
Neighborhoods with Similar Populations
- Baychester, Bronx, NY: higher priced homes
- Bergen-Lafayette, Jersey City, NJ: higher priced homes
- Brentwood, Los Angeles, CA: higher priced homes
- Campello, Brockton, MA: higher priced homes
- Capitol Hill, Denver, CO: higher priced homes
- Carroll Gardens, Brooklyn, NY: higher priced homes
- Cedar Brook, Philadelphia, PA: higher priced homes
- Central Colorado City, Colorado Springs, CO: higher priced homes
- Creston, Grand Rapids, MI: higher priced homes
- Southwest Raleigh, Raleigh, NC: higher priced homes
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