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Home Prices in the 10466 zip code of Bronx

The data below shows median sales prices for Bronx homes, co-ops and condos in the 10466 zip code as determined from New York City property records in December 2010. For the 3 months ending December 2010, the median sales price for all homes and apartments in the 10466 zip code was $297,500¹. A history of quarterly median sales prices is below. For a less volatile look at pricing, see the 12 month rolling median price data. Affordability based on income and recorded home sales is also calculated.

Quarterly Rolling Home Price History for the 10466 zip code

Compared to the 3 months ending December 2009, the combined median price for the 3 month period ending December 2010 is 21.66% lower.

The quarterly rolling median price for all homes and apartments in 10466 reached its most recent peak of $530,000 in March 2007. At $297,500, the current quarterly rolling median price is now 43.87% lower. This is the lowest value for the quarterly rolling median price since the March 2007 peak.

Quarterly Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

History of Quarterly Rolling Median Sales Prices for the Last Year

12 Month Rolling Home Price History for the 10466 zip code

The 12 month rolling median price for all homes and apartments in 10466 reached its most recent peak of $495,250 in November 2007. At $340,000, the current 12 month rolling median price is now 31.35% lower. This is the lowest value for the 12 month rolling median price since the November 2007 peak.

12 Month Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

History of Rolling Median Sales Prices for the Last Year

Home Affordability in the 10466 zip code

In 2007, the median household income in Bronx was $32,409². Home affordability guidelines suggest that no more than 30% of household income be spent servicing a home loan. For the median Bronx household, this would have meant that a monthly mortgage payment should not have exceeded $810 using the 2007 average mortgage rate of 6.34%³. Combining this with 2007 property sales records, we can calculate that the median income household could have potentially afforded approximately 18.28% of the homes and apartments sold in 10466 in all of 2007.