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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Bronx, NY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bronx, NY Housing Market Trends

With a population of 1,472,654, 521,340 total housing units (homes and apartments), and a median house value of $592,513, Bronx house prices are not only among the most expensive in New York, Bronx real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Bronx, accounting for 71.58% of the borough's housing units. Other types of housing that are prevalent in Bronx include duplexes, homes converted to apartments or other small apartment buildings ( 16.62%), single-family detached homes ( 6.37%), and a few row houses and other attached homes ( 5.18%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.

Bronx is dominated by renter-occupied one, two, or no bedrooms apartments. 80.80% of Bronx's dwellings are rentals.

The housing in Bronx was primarily built before 1939 ( 37.33%), making the housing stock in Bronx some of the oldest overall in America, although there is a range of ages of homes in Bronx. The next most important housing age is between 1940-1969 ( 37.13%), followed by between 1970-1999 ( 16.25%). There's also some housing in Bronx built between 2000 and later ( 9.29%).

Bronx Home Appreciation Rates

Real estate appreciation rates in Bronx's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.00% during the period.

Over the last year, Bronx appreciation rates have trailed the rest of the nation. In the last twelve months, Bronx's appreciation rate has been 2.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bronx were at 3.21%, which equates to an annual appreciation rate of 13.46%.

Relative to New York, our data show that Bronx's latest annual appreciation rate is lower than 70% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Bronx differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bronx - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bronx real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$592,513

Bronx, NY Home Prices
> $1,317,000
$988,001 - $1,317,000
$659,001 - $988,000
$527,001 - $659,000
$395,001 - $527,000
$263,001 - $395,000
$132,001 - $263,000
$66,001 - $132,000
$0 - $66,000
3.0%
3.0%
7.2%
7.2%
32.5%
32.5%
17.8%
17.8%
9.9%
9.9%
9.7%
9.7%
9.8%
9.8%
2.8%
2.8%
7.4%
7.4%
0% 100.0%
% of Homes
Very High

for New york

Very High

for nation

Number of Homes And Apartments:

521,340

Bronx Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,742 / per month

Homeownership Rate

Owners
Renters
Vacant
19.2%
19.2%
80.8%
80.8%
4.1%
4.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.3%
9.3%
16.3%
16.3%
37.1%
37.1%
37.3%
37.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
6.4%
6.4%
5.2%
5.2%
16.6%
16.6%
71.6%
71.6%
0.2%
0.2%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
7.3%
7.3%
31.3%
31.3%
34.4%
34.4%
21.5%
21.5%
3.8%
3.8%
1.7%
1.7%
0% 100.0%
% of Homes