The housing market in Bronx, NY County is thriving, with a median value of $453,000, which is significantly higher than the US median value of $338,100. Over the last year, house appreciation in the Bronx has been strong at 8.92%, outpacing the US average of 8.27%. This suggests that those looking to buy property in this area can expect their investments to increase over time due to the healthy market conditions.
The median home cost in Bronx County is $453,000. Home appreciation the last 10 years has been 70.4%. Home Appreciation in Bronx County is up 5.8%.
Average Age of Homes
- The median age of Bronx County real estate is 67 years old
The Rental Market in Bronx County
- Renters make up 75.0% of the Bronx County population
- 1.5% of houses and apartments in Bronx County, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.