The typical owner-occupied home in Bronx County is worth about $529,500, 25% above the New York median of $423,800 and 59% above the national median of $332,700. Owners pay a median $5,447 a year in property taxes, about 1.03% of their home's value, lower than the New York rate of 1.55%. The median household earns $48,676 a year, so the median home costs 10.9 times the median income (4.9 times for New York). 20% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
Bronx County at a glance
| Bronx County | New York | U.S. | |
|---|---|---|---|
| Median home value | $529,500 | $423,800 | $332,700 |
| Median property tax paid per year | $5,447 | $6,582 | $3,119 |
| Property tax as a share of value | 1.03% | 1.55% | 0.94% |
| Median household income | $48,676 | $85,974 | $80,734 |
| Homes lived in by their owners | 20% | 54% | 65% |
| Owner homes with a mortgage | 56% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,935 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 29.0% | 22.5% | 21.0% |
| Median rent | $1,458 | $1,621 | $1,413 |
| Rent as a share of renters' income | 36.0% | 31.2% | 30.6% |
| Median year homes were built | 1955 | 1959 | 1980 |
| Vacant homes | 4.5% | 10.0% | 10.1% |
| Population | 1,404,779 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Bronx County
At this week's average 30-year rate of 7.11%, buying the median Bronx County home of $529,500 with 20% down costs about $3,525 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,407, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $151,058 for the 20%-down payment. That payment is 87% of the median Bronx County household income of $48,676; at that income and 20% down, the 28% guideline points to a home of about $171,000.
The median rent here is $1,458 a month, so owning the median home costs about $2,067 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $105,900 |
|---|---|
| Loan amount | $423,600 |
| Principal and interest | $2,850 |
| Property taxes (1.03% a year) | $454 |
| Homeowners insurance (our estimate, 0.5% a year) | $221 |
| PMI | $0 |
| Total per month | $3,525 |
Change the numbers in the calculator
| Down payment | $18,532 |
|---|---|
| Loan amount | $519,909 |
| Principal and interest | $3,497 |
| Property taxes (1.03% a year) | $454 |
| Homeowners insurance (our estimate, 0.5% a year) | $221 |
| FHA mortgage insurance | $234 |
| Total per month | $4,407 |
Change the numbers in the calculator
Questions about home buying in Bronx County
What is the median home value in Bronx County?
About $529,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bronx County?
Homeowners pay a median $5,447 a year, which is about 1.03% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Bronx County?
For the median home with 20% down at 7.11%, the payment is about $3,525 a month. Keeping that under 28% of gross income takes about $151,058 a year.
More about Bronx County
- Mortgage Refinance in Bronx County
- Debt Relief in Bronx County
- Home Equity Loans in Bronx County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data