Housing affordability · NY · 2024
Bronx Housing Affordability
61st cheapest of 62 NY counties by price-to-income ratio · 3212th of 3,216 nationally · tier rated on the national scale
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.
57% of Bronx renters spend more than 30% of their income on housing — the share of the renter population classified as cost-burdened.
For owner-occupied households, 27% spend more than 30% of their income on housing costs — above the NY rate of 19%.
In Bronx, both the price-to-income ratio (10.9) and non-seasonal vacancy (4.4%) sit, nationally, in the top quarter on cost, and the bottom quarter on vacancy.
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.
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