How much house can you afford in The Bronx? With a median price of $550,000 and a typical effective property tax rate of 1%, here are the real numbers a typical buyer faces in Bronx County — plus a calculator for your exact case.
| Median home price | $550,000 |
| Down payment (20%) | $110,000 |
| Loan amount | $440,000 |
| Principal & interest / mo | $2,781 |
| Property tax / mo (1%) | $458 |
| Insurance / mo | $150 |
| Total monthly payment | $3,389 |
| Annual income needed (28% rule) | $145,261 |
The Bronx is NYC's most affordable borough, with many 2-4 family homes where rental income can help you qualify for a larger loan.
Different income, debts, down payment or rate — the calculator adjusts instantly and gives you a conservative-to-aggressive range for The Bronx.
Calculate my The Bronx mortgage →The typical effective rate in Bronx County is about 1% of home value per year. On a median $550,000 home that is roughly $5,500 per year ($458 per month).
For the median $550,000 home with 20% down, the total payment is about $3,389/mo. Under the 28% rule you need a gross income of ~$145,261 per year. With a smaller down payment or existing debts, the figure rises.
Yes. The Bronx is part of NYC: the mortgage recording tax is 1.8% of the loan (1.925% if the loan is $500,000+). On the median example that is ~$7,920.
Indicative figures based on public data and the stated assumptions; not financial advice. Confirm rates and taxes with your lender and attorney.
