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Real Estate Prices & Overview

Morningside Heights South median real estate price is $1,649,849, which is more expensive than 92.3% of the neighborhoods in New York and 97.8% of the neighborhoods in the U.S.

The average rental price in Morningside Heights South is currently $3,824, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 74.9% of the neighborhoods in New York.

Morningside Heights South is a densely urban neighborhood (based on population density) located in New York, New York.

Morningside Heights South 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Morningside Heights South 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.

Vacant apartments or homes are a major fact of life in Morningside Heights South. The current real estate vacancy rate here is 17.6%. This is higher than the rate of vacancies in 83.1% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

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.

Real Estate

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 109,708 people per square mile, it is more densely populated than 99.7% of America's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Morningside Heights South neighborhood is one of the most walkable neighborhoods in America.

In addition, the real estate in the Morningside Heights South 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, 98.3% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.7% of American neighborhoods.

Furthermore, 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 Morningside Heights South neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 85.2% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 99.8% of the neighborhoods in the United States.

People

Some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 59.3% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 99.8% of U.S. neighborhoods, where the average American neighborhood has 13.4% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.

In addition, morningside Heights South has the amazing distinction of housing more same sex couples living together than 98.3% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.

Modes of Transportation

More people in Morningside Heights South choose to walk to work each day (36.5%) 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.

Also, in the Morningside Heights South neighborhood, 32.9% 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 98.3% of the neighborhoods in America.

Finally, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.8% of residents in the Morningside Heights South neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.1% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Morningside Heights South neighborhood have a highly unusual car ownership. 57.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.1% of U.S. neighborhoods.

Occupations

Executives, managers and professionals make up 71.5% of the workforce in the Morningside Heights South neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 96.2% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Morningside Heights South neighborhood. In the Morningside Heights South neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.2% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Did you know that the Morningside Heights South neighborhood has more Canadian and Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.6% of this neighborhood's residents have Canadian ancestry and 1.0% have Brazilian ancestry.

Morningside Heights South is also pretty special linguistically. Significantly, 5.0% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 97.5% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Morningside Heights South neighborhood in New York are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 72.8% of the neighborhoods in America. In addition, 4.5% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 66.4% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Morningside Heights South neighborhood, 71.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 21.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (6.6%).

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Morningside Heights South neighborhood is English, spoken by 62.8% of households. Other important languages spoken here include Spanish, Chinese, French and German/Yiddish.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Morningside Heights South neighborhood in New York, NY, residents most commonly identify their ethnicity or ancestry as Asian (18.6%). There are also a number of people of German ancestry (7.5%), and residents who report Irish roots (6.7%), and some of the residents are also of French ancestry (5.3%), along with some Italian ancestry residents (5.2%), among others. In addition, 30.0% of the residents of this neighborhood were born in another country.

Getting to Work

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 Morningside Heights South neighborhood spend under 15 minutes commuting one-way to work (37.4% of working residents), one of the shortest commutes across America.

Here most residents (36.5%) hop out the door and walk to work to get to work. In addition, quite a number also take the train to get to work (32.9%) and 5.6% of residents also ride the bus for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.


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