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Washington Heights

Learn about the people, housing, costs and businesses in Washington Heights, New York

Median Home$407,200
Median Rent$1,702/month
Population2,564
Leading IndustriesFinance & Insurance · Information & Media · Professional Services19% finance & insurance
Home Value Growth-1.9% over 2 years
Family-Friendly30% of residentstop 4% nationally
Renters52% of occupied units
Washington Heights
NY

Explore Washington Heights

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Washington Heights?

As of today, the 30-year fixed mortgage rate for Washington Heights is approximately 6.881% (6.917% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Washington Heights?

The median home value in Washington Heights is $407k. The median monthly rent is $1,702. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Washington Heights?

Home values in Washington Heights have decreased 1.9% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Washington Heights?

Based on a typical all-in ownership cost of $1,780/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $76k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Washington Heights is $58k/year.

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What industries drive the economy in Washington Heights?

The largest employment sectors in Washington Heights are public administration (22%) and information and media (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.