Bronx, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bronx Neighborhoods Since 2000




Bronx, NY Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bronx Housing Market Information

With 1,448,668 people, 484,902 houses or apartments, and a median cost of homes of $428,801, real estate costs in Bronx are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Large apartment complexes or high rise apartments are the single most common housing type in Bronx, accounting for 71.01% 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 ( 18.52%), single-family detached homes ( 5.59%), and a few row houses and other attached homes ( 4.58%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.

Bronx is dominated by renter-occupied one, two, or no bedrooms apartments. 81.59% of Bronx's dwellings are rentals.

The housing in Bronx was primarily built before 1939 ( 39.38%), 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 ( 38.87%), followed by between 1970-1999 ( 15.20%). There's also some housing in Bronx built between 2000 and later ( 6.54%).

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 -0.35% during the period.

Appreciation rates are so strong in Bronx that despite a nationwide downturn in the housing market, Bronx real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bronx appreciation rates continue to be some of the highest in America, at 6.12%, which is higher than appreciation rates in 75.02% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bronx. Bronx appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Bronx's latest annual appreciation rate is higher than 80% 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:
$428,801

Bronx, NY HOME PRICES

Value Range
> $1,137,000 1.0
$852,001 - $1,137,000 1.5
$568,001 - $852,000 17.5
$455,001 - $568,000 22.6
$341,001 - $455,000 21.8
$227,001 - $341,000 11.2
$114,001 - $227,000 12.7
$57,001 - $114,000 4.0
$0 - $57,000 7.7

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
8.16242821985234 21.8855218855219

Number Of Homes And Apartments:
484,902

Bronx Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
97.64% 4.03% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,561 / per month

Homeownership Rate

Homeownership
Owners 18.41
Renters 81.59
Vacant 6.81

Housing Market Details

 

Age of Homes

AGE OF Bronx HOMES
2000 or Newer 6.5
1970 - 1999 15.2
1940 - 1969 38.9
1939 or Older 39.4

Types of Homes

TYPE OF Bronx HOMES
Single-Family 5.6
Townhomes 4.6
Small Apt. Buildings 18.5
Apt. Complexes 71.0
Mobile Homes 0.2
Other 0.1

Home Size

SIZE OF Bronx HOMES
No Bedroom 6.58
1 Bedroom 33.31
2 Bedrooms 33.69
3 Bedrooms 21.39
4 Bedrooms 3.49
5 or more bedrooms 1.54