This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Parkchester Home Prices

The data below shows median sales prices for Parkchester Bronx homes, co-ops and condos as determined from New York City property records in December 2010. For the 3 months ending December 2010, the median sales price for all Parkchester homes and apartments was $107,750¹. A history of quarterly median sales prices is below. For a less volatile look at pricing, see the 12 month rolling median price data. Affordability based on income and recorded home sales is also calculated.

Quarterly Rolling Home Price History for Parkchester

Compared to the 3 months ending December 2009, the combined median price for the 3 month period ending December 2010 is 4.65% lower.

The quarterly rolling median price for all homes and apartments in bronx reached its most recent peak of $143,532 in April 2009. At $107,750, the current quarterly rolling median price is now 24.93% lower. When the quarterly rolling median price hit its lowest point (to date) of $105,500 in November 2010 it was 26.50% off the most recent peak. It has since climbed 2.13% from that post peak low.

Quarterly Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

History of Quarterly Rolling Median Sales Prices for the Last Year

12 Month Rolling Home Price History for Parkchester

The 12 month rolling median price for all homes and apartments in bronx reached its most recent peak of $131,000 in January 2010. At $117,500, the current 12 month rolling median price is now 10.31% lower. This is the lowest value for the 12 month rolling median price since the January 2010 peak.

12 Month Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

History of Rolling Median Sales Prices for the Last Year

Parkchester Home Affordability

In 2007, the median household income in Bronx was $32,409². Home affordability guidelines suggest that no more than 30% of household income be spent servicing a home loan. For the median Bronx household, this would have meant that a monthly mortgage payment should not have exceeded $810 using the 2007 average mortgage rate of 6.34%³. Combining this with 2007 property sales records, we can calculate that the median income household could have potentially afforded approximately 18.28% of the homes and apartments sold in Parkchester in all of 2007.