10467, Bronx, NY

The 10467 zip code of Bronx, NY has a median home value of $157,000. The home equity in this zip code is $51,000. This means that the majority of homes in this zip code are worth more than their original purchase price. Additionally, the average home price growth in this zip code over the past five years has been 5%. This indicates that there is a lot of demand for homes in this area and that prices are likely to continue to increase.

One reason why home prices have increased so much in the 10467 zip code is because there is a high demand for housing here. There are a number of factors contributing to this high demand, including population growth, low interest rates, and strong job market conditions. Additionally, many people who live in the 10467 zip code commute into Manhattan or Brooklyn which adds to the demand for housing near these major cities.

Despite the high demand for housing in the 10467 zip code, not all homes are selling at an inflated price. In fact, there are a number of homes that are selling at below-market prices which indicates that there is still room for prices to increase further without reaching unsustainable levels. Furthermore, even if prices do reach unsustainable levels it may still be possible for homeowners to sell their homes at a profit given current market conditions.