Bronx County Real Estate and Livability Trends
Bronx County, New York, exhibits a robust but complex economic landscape, essential for real estate stakeholders to note. Notably, median home values rose from $363,400 in 2015 to $501,400 in 2022, outpacing broader growth rates. Despite rising state and local income taxes, disposable income hints at economic resilience with an upward trend in average taxable income, peaking at $45,681.79 in... Read more
Bronx County Market Trends
Bronx County, New York has experienced a notable increase in median home values, jumping from $363,400 in 2015 to $501,400 in 2022, outpacing both state and national growth rates. Residential energy tax credits also saw a significant rise, peaking at $2,219.67 in 2018, which may signify strong incentives for sustainable energy investments. Average real estate taxes have steadily climbed, reaching... Read more
Median Value of Occupied Housing Units in Bronx County, New York Over the Last 8 Years
Bronx County, New York has seen its median home values soar from $363,400 in 2015 to $501,400 in 2022, reflecting a significant uptick compared to both state and national trends. The increase in the Bronx is relatively sharp when juxtaposed with New York State's more gradual rise from $283,400 to $384,100 in the same period. Nationally, the growth is even more modest, moving from $125,500 to $179,400 over eight years. Investors and those looking to move should note that the Bronx's housing market may still present long-term appreciation potential.
Residential Energy Tax Credit Per Tax Return in Bronx County, NY Over the Last 9 Years
The trend in Bronx County, New York, shows a significant increase in average residential energy tax credits per tax return over the last nine years. Starting at $470.00 in 2013, these credits surged to $2,219.67 in 2018 before experiencing slight fluctuations, settling at $2,183.72 in 2021. This upward trajectory indicates a strong emphasis on energy efficiency and potentially lucrative tax incentives for property owners and investors focusing on sustainable energy improvements. Notably, the peak in 2018 highlights a period of heightened tax credit benefits, making it a key year for energy-focused investments. This data is particularly useful for real estate professionals, financial planners, and those considering green retrofits in Bronx County.
Average Real Estate Taxes Per Tax Return in Bronx County, NY Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Bronx County, New York have seen a steady increase, rising from around $3,156.33 in 2012 to approximately $5,337.69 in 2021. Notable jumps occurred in 2018 and 2019, with taxes surpassing $4,737.98 and $5,022.25 respectively, highlighting a possibly accelerated rate of increase in recent years. This trend could signal rising property values and increasing fiscal demands in this county, potentially impacting investment decisions, insurance premiums, property appraisals, and overall cost of living.
Percentage of Farm Returns in Bronx County, NY Over the Last 6 Years
Farm tax returns in Bronx County, New York have shown minor fluctuations over the last six years, with percentages varying from approximately 0.005% in 2012 down to around 0.0045% in 2021. These returns provide insight into the agricultural activities and economic contributions from farming within the county. For those looking to invest or build property in Bronx County, this trend is indicative of a relatively stable, albeit small, agricultural presence. This could suggest limited but persistent opportunities in the local agribusiness space, which might be appealing for niche investors or small-scale farming ventures.
Number of Mortgages by Occupancy Type in Bronx County, NY Over the Last 5 Years in Bronx County
Over the past five years in Bronx County, New York, principal residence mortgages consistently outnumbered investment and second residence mortgages, showing a marked preference for primary housing. This shift in occupancy types might subtly affect property market stability, perceived neighborhood quality, and community investment levels, all crucial for stakeholders from investors to real estate agents. Investment properties held relatively steady, suggesting sustained interest from investors, whereas the minimal volume of second residence mortgages indicates limited market interest in vacation or secondary homes in the area. These dynamics can inform decisions on property development, valuation, and risk assessment.
Economic Outlook
Bronx County, New York, has shown a steady climb in average taxable income per tax return over the last nine years, peaking at $45,681.79 in 2021 after a dip in 2020, hinting at economic resilience. However, average state and local income taxes have also surged, doubling from $6,486.92 in 2012 to $13,392.48 in 2021, affecting disposable income and potentially influencing buyer behavior in the real estate market. The percent of residents under the poverty line has fluctuated, with a noticeable... Read more
Average Taxable Income per Tax Return in Bronx County, NY over the last 9 years
Bronx County, New York has seen a steady increase in the average taxable income per tax return over the past nine years, with a notable surge in 2021 where it reached $45,681.79. From a low of $34,364.57 in 2013, the gradual rise reflects possible economic growth and higher earnings among residents. The dip in 2020 to $40,965.04, likely due to pandemic effects, was quickly followed by a robust rebound, indicating resilience in the local economy. This trend could be intriguing for potential investors, real estate agents, and individuals considering moving to the area, as it suggests an upward trajectory in personal income levels.
Average State and Local Income Taxes Per Tax Return in Bronx County, NY Over the Last 10 Years
Bronx County, New York has seen a notable increase in average state and local income taxes per tax return over the past decade. Starting at $6,486.92 in 2012, the figures have gradually risen, with particularly sharp increases from 2017 to 2021, culminating at $13,392.48. This suggests significant cost implications for investors, residents, and businesses considering a move or expansion in the area. For appraisers and insurance agents, understanding these tax trends can influence property valuations and risk assessments, given the potential impact on disposable income and housing affordability. Real estate agents might find that these rising costs could affect buyer behavior and market dynamics.
Average Total Tax Liability Per Tax Return in Bronx County, NY Over the Last 10 Years
Average total tax liability per tax return in Bronx County, New York has seen a general upward trend over the past decade, starting from $4,481.39 in 2012 and reaching $5,553.87 by 2021. There were slight dips in certain years, but the overall increase suggests growing financial obligations for residents. Real estate agents and investors could interpret rising tax liabilities as an indicator of increasing property values, while appraisers and insurance agents might need to adjust their calculations accordingly. Movers and newcomers should weigh these costs in their financial planning.
Cost of Living in Bronx County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,489 | $1,621 | $1,777 | $3,000 | $2,337 |
| 2 adults 3 children | $2,489 | $1,324 | $1,741 | $3,000 | $2,150 |
| 1 adult 4 children | $2,489 | $1,324 | $1,105 | $3,000 | $2,385 |
| 1 adult 3 children | $2,489 | $1,081 | $1,068 | $3,000 | $2,250 |
| 2 adults 2 children | $1,982 | $1,084 | $1,704 | $2,635 | $1,753 |
| 1 adult 2 children | $1,982 | $810 | $1,031 | $2,635 | $1,777 |
| 2 adults 1 child | $1,982 | $857 | $1,667 | $1,451 | $1,386 |
| 1 adult 1 child | $1,982 | $553 | $995 | $1,451 | $1,343 |
| 2 adults | $1,754 | $688 | $1,189 | $0 | $942 |
| 1 adult | $1,716 | $375 | $594 | $0 | $874 |
Safety trends & Data
Property crime in Bronx County, New York has been remarkably stable over the past two years, with larceny-theft incidents holding steady at just 1.00 reported case annually. For those considering investing or moving to the area, this could indicate a consistent level of safety in property-related matters. This stability might reassure potential homeowners and investors looking for long-term security in their investments within the... Read more
Property Crime Trends in Bronx County, NY Over the Last 2 Years
Over the past two years, property crimes in Bronx County, New York have seen minimal change, with larceny-theft incidents remaining steady at just 1.00 reported case annually. For real estate agents, appraisers, and those considering investing or moving to the area, this stability might suggest a relatively low and consistent rate of property crime. This could be reassuring for potential homeowners and investors aiming at long-term stability and safety in their financial ventures within the county.
Demographics
Bronx County, New York, suggests a notable gender imbalance with a higher female adult population compared to males. The area demonstrates a diverse range of educational attainment, with significant portions of the population achieving high school graduation or higher, yet a substantial number have not completed high school. The age distribution is relatively spread out, but there is a noticeable concentration of residents in the 25 to 34-year age bracket. Racially, African Americans make up... Read more
Race Distribution in Bronx County, New York (2022)
Educational Attainment in Bronx County, New York (2022)
Age Distribution in Bronx County, New York
Citizen Population in Bronx County, New York (2022)
Political Trends & Data
Bronx County in New York appeared to heavily favor the Democratic Party in the 2020 U.S. Presidential Election, with Democrats possibly clinching over 82% of the votes. Republicans might have secured around 16%, and third-party candidates seemingly had minimal impact, collectively drawing less than 5%. This voting pattern may suggest a solid Democratic base in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bronx County in New York showed a significant leaning towards the Democratic Party in the 2020 U.S. Presidential Election, with Democrats potentially securing over 82% of the vote. The Republican Party garnered about 16%, while third-party candidates collectively seemed to attract minimal support, with the Libertarian, Green, and other parties each capturing well under 5%. This trend may indicate a strong Democratic stronghold in the area.
15.67% of voters voted for the Republican party in the 2020 Presidential Election
82.19% of voters voted for the Democrat party in the 2020 Presidential Election
0.18% of voters voted for the Livertarian party in the 2020 Presidential Election
0.33% of voters voted for the Green party in the 2020 Presidential Election
1.64% of voters voted for the Other party in the 2020 Presidential Election
School Data
Bronx County, New York has seen its student-to-teacher ratio decrease from 14 students per teacher in 2014 to around 12 in 2023, now lower than the national average. This trend could appeal to families considering relocating, investors focusing on education, and real estate agents marketing the county’s improved school environment. Appraisers might infer increased property values, while insurance agents could see lower risk profiles due to perceived better school... Read more
Student-to-teacher ratio in Bronx County, New York over the last 10 years
Bronx County, New York has seen a notable decrease in the student-to-teacher ratio over the past decade, moving from 14 students per teacher in 2014 to around 12 students per teacher by 2023. This ratio is now lower than the national average of 14, suggesting potentially smaller class sizes and more individualized attention for students. This trend could be appealing to families considering relocating to the area, investors focusing on educational resources, and real estate agents marketing the county's improved educational environment to prospective buyers. Additionally, appraisers and insurance agents might infer increased property values and lower risk profiles, respectively, due to the perceived betterment in school quality.
