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These days, finding an affordable place to live in the Parkchester area can be challenging. Home prices in Parkchester are now at a median cost of $508,948, higher than the Bronx average of $507,903.
The average cost of rent is $1,750/mo in Parkchester, primarily driven by the current value of real estate in the Parkchester area. In Parkchester, 75.39% of households rent, and 55.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Parkchester is $5,314 per month. Households that rent pay about 32.94% of their income on rent here. Parkchester’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Van Nest, Bronx, NY: higher priced homes
- Morris Park, Bronx, NY: higher priced homes
- Middletown-Pelham Bay, Bronx, NY: higher priced homes
- Unionport, Bronx, NY: higher priced homes
- Bronxdale, Bronx, NY: less expensive homes
- West Farms, Bronx, NY: higher priced homes
- Schuylerville, Bronx, NY: higher priced homes
- Soundview, Bronx, NY: higher priced homes
- Baychester, Bronx, NY: higher priced homes
- Williamsbridge, Bronx, NY: higher priced homes
Neighborhoods with Similar Populations
- Bay Ridge-Fort Hamilton, Brooklyn, NY: higher priced homes
- South Scottsdale, Scottsdale, AZ: higher priced homes
- Park Slope, Brooklyn, NY: higher priced homes
- Northwest Raleigh, Raleigh, NC: equally priced homes
- Northeast, El Paso, TX: less expensive homes
- Kew Ggardens, Queens, NY: higher priced homes
- Fort Green, Brooklyn, NY: higher priced homes
- Far Northeast, Humble, TX: less expensive homes
- Far North Dallas-Fort Worth, Fort Worth, TX: less expensive homes
- Ewa, Ewa Beach, HI: higher priced homes
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