10453, Bronx, NY

The 10453 zip code of Bronx, NY has a median home value of $128,000 and a median home equity value of $101,000. These values are significantly lower than the statewide median home value of $269,500 and statewide median home equity value of $142,200. The 10453 zip code also has a significantly lower homeownership rate than the statewide homeownership rate of 63%.

There are several factors that may contribute to the low home values in the 10453 zip code. One potential reason is that this area is located in one of the most economically depressed parts of New York City. Additionally, many homes in this zip code are older and may not be in good condition. Finally, there is a significant shortage of available housing stock in this area, which could lead to higher prices for existing homes.