Parkchester is Listed as NYC’s Most Affordable Neighborhood

A recent report by PropertyClub looked to see which are the top 50 most affordable streets and neighborhoods for home buyers and Parkchester in The Bronx, the world’s largest condominium development with over 12,000 apartments, dominated the top of both lists.

For those who don’t know the neighborhood, it is one of the most diverse communities in The Bronx and New York City with people from all walks of life living together.

Looking at sales from January through September 2019, PropertyClub identified Unionport Road, Metropolitan Oval, and Metropolitan Avenue in Parkchester as the most affordable streets not just in The Bronx but in New York City.

Parkchester once again topped the list, when looking at neighborhoods as a whole, with a median sales price of $180,000 spread across 233 sales during the same time period.

But with the coming new Metro North Station at Parkchester’s northern end which will provide direct access not just to Manhattan’s Penn Station but also Westchester, let’s see how long its relative affordability remains.

No other Bronx streets made the top 50 affordable streets in the city but several Bronx neighborhoods did and are as follows:

Rank	Neighborhood	Median Sales Price
1	Parkchester	$180,000
11	East Tremont	$416,000
14	Morrisania/Longwood	$430,000
18	City Island	$445,000
23	Soundview	$475,000
25	Williamsbridge	$479,500
27	Bronxdale	$484,142
29	Baychester	$495,000
32	BedfordPark/Norwood	$500,000
33	Castle Hill/Unionport	$510,000
34	Wakefield	$510,000
37	Mott Haven/Port Morris	$518,218
38	Highbridge/Morris Heights	$522,500
39	Westchester	$526,500
41	Throggs Neck	$530,000
47	Country Club	$552,500

It’s good to know that The Bronx is still relatively affordable.

For now.