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Fixer Upper Homes in Bronx, NY

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Living in Bronx, NY

The Bronx is a dynamic borough of New York City, known for its mix of culture, history, and green spaces. With top educational institutions and impressive parks, it offers residents an enriching lifestyle. The accessibility to public transportation adds to its appeal for commuting professionals and families alike.

Current Market Conditions in Bronx, NY

The real estate market in the Bronx has been witnessing steady growth, particularly in areas that are undergoing revitalization. Investors are increasingly looking at the Bronx as a viable market due to its reasonable property prices compared to other boroughs, making it attractive for both rental and ownership opportunities.

The demand for rental units continues to rise, driven by an influx of young professionals and families moving into the area. This trend is bolstering property values and rental rates, indicating a positive market outlook for real estate investments.

Home Value Estimator For Bronx, NY

There are currently 145,058 real estate properties in Bronx, NY, with a median automated valuation model (AVM) price of $563,828.00. 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 $705,261.00, with the most expensive house in Bronx, NY, topping out at $169,813,344.00 and the cheapest home in Bronx, NY, clocking in at $10,079.00. 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.

Bronx, NY Fixer Upper Homes

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