Bronxville appreciation rates and housing market information

Bronxville housing market information

With a population of 6,543, 2,387 total housing units (homes and apartments), and a median house value of $1,432,413, Bronxville house prices are not only among the most expensive in New York, Bronxville 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 Bronxville, accounting for 42.52% of the village's housing units. Other types of housing that are prevalent in Bronxville include single-family detached homes (41.94%), row houses and other attached homes (10.56%), and a few duplexes, homes converted to apartments, or other small apartment buildings (4.73%). This particular housing mix is relatively uncommon and characteristic of villages that are compact and walkable, and which often have a lively downtown.

And, as is not surprising, these large homes are primarily owner-occupied (74.24%).

The housing in Bronxville was primarily built before 1939 (64.81%), making the housing stock in Bronxville some of the older overall in America, although there is a range of ages of homes in Bronxville. The next most important Bronxville housing age is 1940-1969 (25.85%), followed by 1995 and later (5.15%). There's also some housing in Bronxville built between 1970-1994 (4.19%).

Bronxville home appreciation rates

In the last 10 years, Bronxville has experienced some of the highest home appreciation rates of any community in the nation. Bronxville real estate appreciated 192.51% over the last ten years, which is an average annual home appreciation rate of 19.25%, putting Bronxville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bronxville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Bronxville home appreciation rates, at 1.46%, have been at or slightly above the national average. In the latest quarter, Bronxville's appreciation rate has been 0.72%, which annualizes to a rate of 2.88%.

Relative to New York, our data show that Bronxville's latest annual appreciation rate is higher than 55% of the other cities and towns in New York.