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These days, finding an affordable place to live in the Washington Heights area can be challenging. Home prices in Washington Heights are now at a median cost of $192,248, lower than the Chicago average of $351,773.
The average cost of rent is $1,372/mo in Washington Heights, primarily driven by the current value of real estate in the Washington Heights area. In Washington Heights, 25.86% of households rent, and 39.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Washington Heights is $5,607 per month. Households that rent pay about 24.47% of their income on rent here. Washington Heights’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Brainerd, Chicago, IL: higher priced homes
- Beverly, Chicago, IL: higher priced homes
- Roseland, Chicago, IL: less expensive homes
- Chester Highlands, Chicago, IL: equally priced homes
- Auburn Gresham, Chicago, IL: equally priced homes
- South Englewood, Chicago, IL: higher priced homes
- Morgan Park, Chicago, IL: higher priced homes
- Chatham, Chicago, IL: equally priced homes
- Pullman, Chicago, IL: equally priced homes
- Auburn Park, Chicago, IL: equally priced homes
Neighborhoods with Similar Populations
- The Plaza, Long Beach, CA: higher priced homes
- Green Valley South, Henderson, NV: higher priced homes
- Greenbrier West, Chesapeake, VA: higher priced homes
- Haddington-Carroll Park, Philadelphia, PA: less expensive homes
- Hermosa, Chicago, IL: higher priced homes
- Hunts Point, Bronx, NY: higher priced homes
- Inner Sunset, San Francisco, CA: higher priced homes
- Northampton, Hampton, VA: higher priced homes
- Outer Richmond, San Francisco, CA: higher priced homes
- Springlake-University Terrace, Shreveport, LA: higher priced homes
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