Bronx real estate and rent prices on the rise

Realtors say the cost of homes has gone up in the Bronx in recent months. In addition to real estate, a report from the Institute

Realtors say the cost of homes has gone

Realtors say the cost of homes has gone up in the Bronx in recent months. (Credit: News 12 The Bronx)

THE BRONX - Realtors say the cost of homes has gone up in the Bronx in recent months.

In addition to real estate, a report from the Institute for Children, Poverty and Homelessness says income growth in the South Bronx has been among the highest in the city.

With the rise in income growth, the price of rent has also gone up, along with homelessness. The report also says during the same period of income growth, the number of families from Highbridge and Grand Concourse going into shelters has gone up by a third.

Joe Greene, from Weichert Realtors, says with real estate prices skyrocketing, some families are unable to afford rent anymore and are needing the services of homeless shelters.

advertisement | advertise on News 12

Trending Video

An oil truck struck and killed a woman 1 Police: Pedestrian struck, killed on Bruckner Blvd.
VIDEO: Deal reached on Rockland sheriff's deputies contract 2 VIDEO: Deal reached on Rockland sheriff's deputies contract
VIDEO: Brooklyn artist pays tribute to slain EMT 3 VIDEO: Brooklyn artist pays tribute to slain EMT
Interviews on political campaign ads 4 Interviews on political campaign ads
What was once a vacant lot at the 5 Construction underway for Tremont affordable housing

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE