Housing affordability · NY · 2024
Bronx Housing Affordability
61st most affordable of 62 New York counties · price-to-income ratio
Bronx at a glance
Bronx faces affordability pressure on both ownership and rental costs — the price-to-income ratio of 10.9× exceeds the New York state median, and a higher-than-average share of renters spend more than 30% of their income on housing.
At Bronx's median household income of $48,676, a renter paying the median monthly rent of $1,458 would commit 36% of gross annual income to housing — above the 30% threshold widely used to define cost burden.
For owner-occupied households, 27% spend more than 30% of their income on housing costs — the standard definition of owner cost burden.
Bronx FAQ
What is the median home price in Bronx?
The median home value in Bronx, NY is $529,500 (2024 ACS 5-year estimate). This is 25% above the New York state median of $423,800.
Is Bronx an affordable place to buy a home?
Bronx is rated Crisis on the USInsights affordability scale. The price-to-income ratio is 10.9×, meaning the median home costs roughly 10.9 years of median household income ($48,676). Above 7.0× indicates a severe affordability crisis.
What is the average rent in Bronx?
The median gross rent in Bronx is $1,458 per month (2024 ACS 5-year estimate). 57% of renters spend more than 30% of their income on housing. The New York state median is $1,621.
Explore Bronx on the map
See census-tract detail, compare neighbouring counties, and filter by metric across all of New York.
Open on the map