10709, Eastchester, NY

Eastchester, NY is located in the Bronx borough of New York City. As of the 2010 census, the population was 36,893. The median household income was $101,813. Home prices in Eastchester have increased significantly over the past few years and are now among some of the highest in the city.

According to Zillow, as of September 2016 home values in Eastchester were $1,068,000 on average. This is up from $735,000 as of September 2015 and $626,000 as of September 2014. The 10709 zip code has seen particularly high growth rates over this time period; home values there are now more than twice what they were three years ago.

One reason for this increase in home values is that Eastchester is a desirable location; it is close to many popular tourist destinations (such as Central Park and Yankee Stadium) and has a variety of housing options (including single-family homes and apartments). Additionally, Eastchester has been experiencing strong economic growth over the past few years; according to data from Comptroller Thomas DiNapoli's office, employment levels in the area have increased by 5% since 2013. This strong economy may be contributing to rising home prices across New York City overall.

Despite these positive factors, there are some risks associated with buying or owning a home in Eastchester – especially given current market conditions. For example, interest rates are currently very low (3% as of September 2016), which could make it difficult for buyers to afford a house even if their incomes are high enough. Additionally, although Eastchester's economy appears to be doing well overall right now, there is always potential for future volatility; if unemployment or other economic indicators decline suddenly then demand for homes could decrease too. In short: while Eastchester's home prices are definitely rising rapidly right now – and may continue doing so for some time – buyer beware!