Bronx County, New York Housing Market Prices
Bronx County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 36% below the New York median More expensive than 82% of counties in New York$302,664
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Median rent 10% below the New York median More expensive than 82% of counties in New York$1,457
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Bronx County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $302,664 | $471,885 | $248,835 |
| Price Trend (Annual %) | 5.2% | 7.1% | 7.5% |
| Median Gross Rent | $1,457 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bronx County is about 36% lower than in New York. Rent is about 10% lower than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Bronx County, up about 5.2% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Bronx County rose about 35.7% between 2015 and 2024, from $1,074 to $1,457. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 6.2 yearly household incomes in Bronx County.
Buying the median-priced home in Bronx County costs roughly 17.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Bronx County. The price-to-rent ratio in New York is about 24.3.
| Metric | Bronx County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $302,664 | $471,885 | $248,835 |
| Median Household Income | $48,639 | $86,556 | $80,455 |
| Price-to-Income Ratio | 6.2 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bronx County rose about 24.6%, while median household income rose about 40.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bronx County | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 19.2% | 48.8% | 58.5% |
| Rental Rate | 76.3% | 41.1% | 31.2% |
| Vacancy Rate | 4.5% | 10.1% | 10.2% |
| Median Tenure (years) | 16.0 | 17.0 | 15.0 |
| Median Year Moved In | 2010 | 2009 | 2011 |
Bronx County has a homeownership rate of 19.2%, lower than the New York average of 48.8%. Its housing vacancy rate is 4.5%, compared with 10.1% in New York.
Housing Stock
| Metric | Bronx County | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1956 | 1960 | 1978 |
| Median Number of Rooms | 3.9 | 5.0 | 5.5 |
The typical housing unit in Bronx County was built around 1956. On average, 2.5 people live in a home with about 3.9 rooms, staying for about 16.0 years on average.
Bronx County, NY Housing Compared With Nearby Counties
Bronx County, NY is typical in size for this group, 1,403,126 residents against a local median of 1,628,057, so the measures below are close to a like for like comparison. The measure that sets Bronx County, NY apart most is median home price: $302,664, 55% below the local median of $678,074.
Homeownership tells the same story from another angle: 20.1% against a local median of 30.7%, 35% below it. The one measure here that carries a verdict is homeownership, and at 35% below the local median it puts Bronx County, NY at the weaker end of the local range. The counties themselves spread $926,257 on median home price, so Bronx County, NY sits at one end of an already wide local range rather than apart from it. Bronx County, NY has the 6th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Bronx County, NY | 1,403,126 | $302,664 #6/6 | $1,457 #6/6 | 20.1% #6/6 |
| New York County, NY | 1,628,057 | $1,358,349 | $2,197 | 25.1% |
| Queens County, NY | 2,320,290 | $678,074 | $1,955 | 44.9% |
| Kings County, NY | 2,630,245 | $977,210 | $1,832 | 29.5% |
| Bergen County, NJ | 960,507 | $592,908 | $1,913 | 65.3% |
| Hudson County, NJ | 717,070 | $432,092 | $1,892 | 30.7% |
Frequently Asked Questions
Common questions about the housing market in Bronx County, New York.
What is the median home price in Bronx County, New York?
The median home price in Bronx County, New York is $302,664, lower than the New York average of $471,885.
What is the average home price in Bronx County, New York?
The typical home price in Bronx County, New York, reported as the median sale price, is $302,664. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Bronx County, New York?
The median gross rent in Bronx County, New York is $1,457 per month, lower than the New York average of $1,621.
What was the median gross rent in Bronx County in 2020?
In 2020, the median gross rent in Bronx County, New York was $1,246 per month.
What is the price-to-rent ratio in Bronx County, New York?
The price-to-rent ratio in Bronx County, New York is about 17.3, meaning it would take roughly 17.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Bronx County.
Are home prices or rent rising faster in Bronx County, New York?
Both home prices and rent are rising in Bronx County, up about 5.2% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bronx County, New York?
19.2% of households in Bronx County, New York own their home, lower than the New York average of 48.8%.
What is the vacancy rate in Bronx County, New York?
The housing vacancy rate in Bronx County, New York is 4.5%, lower than the New York average of 10.1%.
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