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These days, finding an affordable place to live in the Tremont area can be challenging. Home prices in Tremont are now at a median cost of $575,283, higher than the Bronx average of $507,903.
The average cost of rent is $1,425/mo in Tremont, primarily driven by the current value of real estate in the Tremont area. In Tremont, 95.88% of households rent, and 54.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tremont is $3,605 per month. Households that rent pay about 39.54% of their income on rent here. Tremont’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Belmont, Bronx, NY: less expensive homes
- Fordham, Bronx, NY: less expensive homes
- Morris Heights, Bronx, NY: equally priced homes
- Charlotte Gardens, Bronx, NY: higher priced homes
- University Heights, Bronx, NY: less expensive homes
- West Farms, Bronx, NY: higher priced homes
- South Bronx, Bronx, NY: less expensive homes
- Highbridge, Bronx, NY: less expensive homes
- Bronxdale, Bronx, NY: less expensive homes
- Van Nest, Bronx, NY: higher priced homes
Neighborhoods with Similar Populations
- Northeast, Mesa, AZ: less expensive homes
- Northwest Raleigh, Raleigh, NC: less expensive homes
- Northwest, El Paso, TX: less expensive homes
- Mid Wilshire, Los Angeles, CA: higher priced homes
- Northland, Columbus, OH: less expensive homes
- North Scottsdale, Scottsdale, AZ: higher priced homes
- Northeast Raleigh, Raleigh, NC: less expensive homes
- North Mountain, Phoenix, AZ: less expensive homes
- Northeast, El Paso, TX: less expensive homes
- North, Houston, TX: less expensive homes
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