ZIP Code 10463 Housing Market

📝 Local Market Notes

ZIP code 10463 in the Bronx County exhibits a volatile yet aggressive price trajectory over the recent five-year period. The Home Price Index (HPI) surged from 339.45 in 2021 to 437.1 by 2025, indicating substantial cumulative appreciation. However, the path was not linear; the index experienced a notable contraction in 2024, dipping to 354.22 before rebounding sharply in the latest data. This pattern suggests a market undergoing rapid recalibration rather than steady, predictable growth. The most recent year-over-year increase of +23.40% underscores the intensity of current pricing dynamics, reflecting significant momentum in home values within this specific geographic area. When compared to broader regional metrics, ZIP 10463 demonstrates significant divergence. The county’s year-over-year growth stands at +6.62%, while the state average is +3.55%. The ZIP’s performance exceeds both benchmarks by a wide margin, signaling that local demand and supply conditions are driving prices well above regional trends. This outperformance may indicate specific neighborhood-level factors, such as targeted redevelopment or shifting demographic preferences, that are decoupling the sub-market from the larger Bronx and New York State averages. The sub-market character appears to be entry-level and renter-heavy, consistent with the parent county’s profile. With a median household income of $48,676 and an owner occupancy rate of only 20.1%, the area is predominantly rental. The county’s median home value of $529,500 provides a baseline, but the high HPI index in 10463 suggests that the few available owner-occupied units are commanding premium prices relative to the broader county median. For prospective buyers, the combination of low owner occupancy and high price volatility indicates a competitive environment with limited inventory. Residents should note that while rental costs average $1,458 per month, the barrier to entry for homeownership is rising rapidly, driven by the 23.40% annual price increase. This creates a distinct market where value appreciation is high, but affordability constraints remain significant for the median household.

Based on FHFA House Price Index data.