10457, Bronx, NY

The 10457 zip code of Bronx, NY has a median home value of $161,000. This is significantly lower than the statewide median home value of $269,000. The 10457 zip code also has a low home equity percentage of just 12%. This indicates that many homes in this zip code are worth less than their outstanding mortgage debt.

Despite the low home equity percentage, there is still strong demand for homes in the 10457 zip code. This is likely due to the high population density and lack of available housing options in this area. In addition, many homeowners in the 10457 zip code are able to tap into their home equity to help finance other expenses such as education or retirement.

Overall, it is clear that homeowners in the 10457 zip code have significant challenges when it comes to securing affordable housing and preserving their home equity. However, they are still able to make do with what they have by tapping into their home equity or using other financial resources such as credit cards or loans.