There are currently 81,082 real estate properties in Bronx, NY, with a median automated valuation model (AVM) price of $640,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bronx, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Bronx, NY, is $633,070.00, with the most expensive house in Bronx, NY, topping out at $23,659,800.00 and the cheapest home in Bronx, NY, clocking in at $15,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Bronx, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bronx, NY, is on a rollercoaster ride. The average rent price in Bronx, NY, is $2,031.00. Indeed, when looking to rent in Bronx, NY, you can expect to pay as little as $990.00 or as much as $5,660.00, with the average rent median estimated to be $2,040.00. The good news is that finding an affordable and desirable property to rent in Bronx, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Bronx, NY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Bronx, NY and much more. Save thousands at closing with home foreclosure listings in Bronx, NY — up to 75% off market value!
Bronx is located in Bronx, New York, with an estimated municipal population of 1,418,207 residents. All of the best foreclosed homes for sale in Bronx are located in the following zip code areas on Foreclosure.com: 10453 10457 10460 10458 10467 10468 10451 10452 10456 10454 10455 10459 10474 10463 10471 10466 10469 10470 10475 10461 10462 10464 10465 10472 10473. The estimated population per square kilometer (.62 miles) in Bronx is 12,862.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Bronx, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
Looking for family-friendly neighborhoods in and/or near Bronx? Or maybe you are searching for 55+ active adult communities in and/or near Bronx?
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Bronx with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Bronx.
How do you know that living in -- or moving to -- Bronx is right where you need to be? Perhaps you grew up in Bronx or already live nearby; therefore, the decision to buy a home in Bronx is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Bronx for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Bronx:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Bronx.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Bronx can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Bronx, meanwhile, can field multiple offers from more qualified buyers.