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NYC Neighborhood Comparison
Bronx
Manhattan
For buyers focused on affordability, Pelham Parkway has the lower median sale price at $185K vs $450K in Washington Heights.
Investors analyzing rental yield will find Pelham Parkway offers a stronger rent-to-price ratio based on current market data.
Commuters have more transit options in Washington Heights, which is served by 3 subway lines compared to 0 in Pelham Parkway.
| Metric | Pelham Parkway | Washington Heights |
|---|---|---|
| Median Sale Price | $185,000 | $450,000 |
| Median Condo Price | N/A | $625,000 |
| Median Co-op Price | $185,000 | $450,000 |
| Median Rent | $2,295 | $3,000 |
| Active Listings | 11 | 225 |
| Rental Inventory | 13 | 416 |
| Days on Market | 246.5 | 64.5 |
| Price Cut Share | 18.2% | 17.3% |
| Monthly Sales Volume | 4 | 16 |
| YoY Price Change | -7.5% | -16.7% |
| YoY Rent Change | +0.9% | +1.7% |
| YoY Inventory Change | -26.7% | +5.6% |
| Subway Lines | N/A | 1 A C |
Prices in Pelham Parkway moved -7.5% over the past year, compared to -16.7% in Washington Heights. Both markets have seen price softening, with Washington Heights declining more sharply over the measured period.
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.
View Full Market ReportWashington Heights is a well-connected neighborhood known for its dramatic topography and stunning views of the Hudson River and the George Washington Bridge. Home to the Cloisters and Fort Tryon Park, the area offers a unique blend of history and natural beauty. The real estate market is characterized by large, pre-war cooperatives that offer significant space for the price, making it a popular choice for those seeking value and community.
View Full Market ReportNo subway data available
181 St (1 A) — 0.4 mi
175 St (A) — 0.4 mi
168 St (1 A C) — 0.5 mi
163 St-Amsterdam Av (C) — 0.7 mi
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.
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. Pelham Parkway and Washington Heights both tracked this broader NYC arc, with annual closing volume contracting sharply in 2009 and again in Q2 2020 before normalizing.
Washington Heights tracked the more resilient Manhattan price path with a 10% to 15% peak-to-trough decline, while Pelham Parkway moved closer to the broader NYC metro pattern of a 20% to 25% retracement before recovering through 2017.
Source: Per Case-Shiller Home Price Index, NYC metro subset, 2008-2020, cross-referenced with StreetEasy historical price data series.
| Metric (2026) | Pelham Parkway | Washington Heights |
|---|---|---|
| Median Sale Price | $185,000 | $450,000 |
| Median Rent | $2,295/mo | $3,000/mo |
| Year-over-Year Price Change | -7.5% | -16.7% |
| Average Days on Market | 246.5 days | 64.5 days |
| Distance to Nearest Subway | N/A | 0.36 mi |
Table values reflect current 2026 market conditions. Historical 2008-2020 commentary is sourced from Case-Shiller NYC metro composite and StreetEasy historical series.
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Data updated:
