Milton Coste

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NYC Neighborhood Comparison

Morrisania vs Pelham Parkway

Side-by-side market data, transit, and neighborhood profiles to help you decide.

Bronx|Bronx

Morrisania

Bronx

Pelham Parkway

Bronx

Median Sale Price
$166K
$0
Median Rent
$4K
$2K
Active Listings
2
9
Avg Days on Market
0 days
0 days
YoY Price Change
0.0%
0.0%
Monthly Sales Volume
6
5

Detailed Comparison

MetricMorrisaniaPelham Parkway
Median Sale Price$166,215$0
Median Condo PriceN/AN/A
Median Co-op Price$166,215N/A
Median Rent$3,550$1,850
Active Listings29
Rental Inventory66
Days on Market00
Price Cut Share0.0%13.3%
Monthly Sales Volume65
YoY Price Change0.0%0.0%
YoY Rent Change+97.2%+5.7%
YoY Inventory Change-33.3%-47.1%
Subway LinesN/AN/A

Year-Over-Year Price Movement

Both Morrisania and Pelham Parkway saw prices shift 0.0% over the past year. Comparable year-over-year movement suggests both markets are tracking similar citywide conditions.

Neighborhood Profiles

Morrisania

Morrisania is a South Bronx neighborhood of prewar walk-up apartment buildings, mid-rise public housing complexes, and an increasing number of new affordable and market-rate residential developments. The 2 and 5 trains at Freeman Street and Simpson Street provide subway connections, and the 6 train is accessible at nearby Hunts Point Avenue. Crotona Park, with its 3.3-acre lake and running track, is within walking distance.

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Pelham Parkway

Pelham Parkway features six- and seven-story prewar Art Deco and Renaissance Revival apartment buildings with terra-cotta facades and ornate entryways, alongside detached houses on residential side streets. The 2 and 5 trains at Pelham Parkway and Bronx Park East stations connect to Manhattan, and the neighborhood borders the Bronx Zoo and New York Botanical Garden.

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Transit Access

Morrisania

No subway data available

Pelham Parkway

No subway data available

Active Listings

Morrisania for sale

View all Morrisania listings

Pelham Parkway for sale

View all Pelham Parkway listings

Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is refreshed every 15 minutes per REBNY IDX requirements.

Morrisania vs Pelham Parkway: Home Price Resilience 2008-2020

From the 2008 financial crisis through the 2020 pandemic, the NYC metro Case-Shiller composite fell about 25% peak-to-trough between 2007 and 2012, then fully recovered by 2017 and gained another 15% through Q1 2020. Morrisania and Pelham Parkway both tracked this broader NYC arc, with annual closing volume contracting sharply in 2009 and again in Q2 2020 before normalizing.

Outer-borough submarkets including Morrisania and Pelham Parkway generally tracked the broader NYC metro pattern of a 20% to 25% peak-to-trough decline before fully recovering by 2017 and posting further gains through early 2020.

Source: Per Case-Shiller Home Price Index, NYC metro subset, 2008-2020, cross-referenced with StreetEasy historical price data series.

Metric (2026)MorrisaniaPelham Parkway
Median Sale Price$166,215$0
Median Rent$3,550/mo$1,850/mo
Year-over-Year Price Change0.0%0.0%
Average Days on Market0 days0 days
Distance to Nearest SubwayN/AN/A

Table values reflect current 2026 market conditions. Historical 2008-2020 commentary is sourced from Case-Shiller NYC metro composite and StreetEasy historical series.

Frequently Asked Questions

Is Morrisania cheaper than Pelham Parkway?
Median sale price data is not yet available for one or both neighborhoods. Contact Milton for a current market analysis.
Which has better transit, Morrisania or Pelham Parkway?
Transit data is not available for these neighborhoods. Check the MTA website for current service maps.
Which is better for families, Morrisania or Pelham Parkway?
This depends on what type of home fits your household. Morrisania and Pelham Parkway both offer a mix of apartment and multi-room units in co-ops, condos, and townhouses. Larger 3- and 4-bedroom units, including townhouses and multi-family properties, tend to be more available in lower-density areas. Reviewing active listings filtered by bedroom count is the most reliable way to see what each neighborhood currently offers for larger households. A licensed broker can pull current inventory by bedroom count across both areas for a direct comparison.
Should I buy in Morrisania or Pelham Parkway?
The right neighborhood depends on your price range, commute needs, and preferred property type. A comparative market analysis (CMA) of recent sales in both Morrisania and Pelham Parkway gives you the clearest picture of what your budget gets in each location. Request a free CMA from Milton Coste to get a side-by-side breakdown of current opportunities.

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