The Most Affordable Neighborhoods in Middletown-Pelham Bay, Bronx, NY by Home Value

 

Middletown-Pelham Bay, Bronx, NY Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Middletown-Pelham Bay area can be challenging. Home prices in Middletown-Pelham Bay are now at a median cost of $502,319, higher than the Bronx average of $429,128.

The average cost of rent is $1,761/mo in Middletown-Pelham Bay, primarily driven by the current value of real estate in the Middletown-Pelham Bay area. While nearly 34.81% of residents own their homes outright in Middletown-Pelham Bay, 53.82% rent.

Housing affordability isn’t just about home prices, though. The average household income in Middletown-Pelham Bay is $4,778 per month. Households that rent pay about 36.85% of their income on rent here. Middletown-Pelham Bay's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the neighborhood.


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