Reasons to Move to Bronx County, NY
Prospective homebuyers are clearly taking advantage of the current interest rates and numerous government assistance programs. These interest rates mean homebuyers in Bronx County can now afford much more house for the same monthly payment compared to when rates are higher. Motivated and opportunistic sellers in Bronx County can field multiple offers from more qualified buyers, making it a dynamic market for both buyers and sellers.
What type of property to buy in Bronx County,
Our extensive database in Bronx County includes 36 preforeclosures, foreclosure auction properties, bankruptcies, REOs (real estate owned by lenders), and properties from HUD, VA, Fannie Mae, and other government agencies in Bronx County. We also feature listings from over 100 corporate sellers. Our information is updated daily, sourced directly from these entities, ensuring you receive the freshest and most accurate data. This meticulously compiled and organized collection makes your search as straightforward as possible. Only www.foreclosure.com offers this unparalleled, trustworthy resource, backed by our commitment to providing expert, authoritative, and up-to-date information. Visit our FAQ section to read more about the different listing types and how to purchase them.
Pros and Cons of Living in Bronx County, NY
How do you know that living in—or moving to— Bronx County is the right choice for you? Perhaps you grew up in Bronx County or already live nearby, making the decision to buy a home here a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Bronx County for work or just looking for a fresh start, understanding the neighborhood from afar (online) can be challenging and exhausting.
Here are some expert tips to consider when shopping for foreclosed homes for sale in Bronx County:
- Neighborhood Environment: Do you prefer a suburban, urban, or rural setting?
- Shopping and Dining: What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local), and businesses (small, big, mixed) would you like nearby?
- Leisure Activities: What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
- Commute: What type of commute (car, plane, home office) suits your lifestyle?
Creating a "Pros vs. Cons" list of what you need in a home and neighborhood is always a helpful step in making an informed decision. With expert insights and up-to-date market data from foreclosure.com, you can confidently explore the opportunities in Bronx County, .
Bronx, NY Foreclosures
How much do homes sell for in Bronx, NY?
The average home price is currently $717,671.
In Bronx, NY, how many homes are available?
There are currently 36 active home listings available in Bronx.
What’s the average rental cost in Bronx, NY?
The average rental price in Bronx is $2,253.
What is the most expensive home in Bronx?
The most expensive home sold in Bronx had a price of $171,868,840.
What is currently the cheapest priced home in Bronx, NY?
The cheapest home for sale in Bronx is priced at $10,020.
Living in Bronx, NY
Bronx, NY, is an eclectic borough known for its rich cultural diversity and vibrant urban life. It features attractions such as Yankee Stadium and the Bronx Zoo, along with beautiful parks and a variety of schools. Public transportation connects the Bronx well to Manhattan, adding convenience for commuters.
Current Market Conditions in Bronx, NY
The real estate market in the Bronx is currently experiencing a surge in demand as families and young professionals seek affordable housing options within commuting distance to Manhattan. The increased interest in the area has led to a rise in property values, which has benefited sellers but posed challenges for buyers. With several new developments underway, the housing market is expected to remain competitive.
In addition to residential growth, commercial properties are also on the rise due to the upsurge in local businesses establishing roots in the Bronx. This growth in commerce adds to the overall appeal of living in the area, balancing the residential needs with investment opportunities.
Home Value Estimator For Bronx, NY
There are currently 145,241 real estate properties
in Bronx, NY,
with a median automated valuation model (AVM) price
of $577,798.00. 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 $717,671.00, with the most expensive house
in Bronx, NY, topping out
at $171,868,840.00 and the cheapest home
in Bronx, NY,
clocking in at $10,020.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Bronx, NY!
Rent Prices
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 $2,253.00. 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 $2,150.00. 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.
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