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These days, finding an affordable place to live in the Bronx area can be challenging. Home prices in Bronx are now at a median cost of $507,903, lower than the New York average of $610,895.
The average cost of rent is $1,512/mo in Bronx, primarily driven by the current value of real estate in the Bronx area. In Bronx, 79.93% of households rent, and 51.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bronx is $4,721 per month. Households that rent pay about 32.04% of their income on rent here. Bronx’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Englewood Cliffs, NJ: higher priced homes
- Fort Lee, NJ: equally priced homes
- Pelham Manor, NY: higher priced homes
- Mount Vernon, NY: equally priced homes
- Edgewater, NJ: higher priced homes
- Leonia, NJ: higher priced homes
- Cliffside Park, NJ: higher priced homes
- Englewood, NJ: higher priced homes
- Palisades Park, NJ: higher priced homes
- Pelham, NY: higher priced homes
Cities with Similar Populations
- Slidell, LA: less expensive homes
- Smyrna, GA: equally priced homes
- Spokane, WA: less expensive homes
- Shreveport, LA: less expensive homes
- Silver Spring, MD: higher priced homes
- Roswell, GA: higher priced homes
- Scranton, PA: less expensive homes
- San Jose, CA: higher priced homes
- Schenectady, NY: less expensive homes
- Savannah, GA: less expensive homes
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