Depew, NY—14043
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Depew, NY
As of Oct '25, the median home price in Depew, NY is $258,000, with a year-over-year change of 2.7%. This indicates that home prices in Depew, NY are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $258,000 | 2.7% |
| Single Family | $257,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $236,000 | 3.1% |
3 Bed | $254,000 | 2.4% |
4 Bed | $292,000 | 3.2% |
| 5 Bed | $303,000 | 3.8% |
% of Housing Stock
Rental Trends — Depew, NY
As of July '25, Rentcast reports the average rent in Depew, NY is $1,380, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Depew, NY is studios: $998, 1-bedrooms: $1,270, 2-bedrooms: $1,190, 3-bedrooms: $1,630, 4-bedrooms: $2,180. The most common rental property sizes in Depew, NY are 2-bedroom and 3-bedroom, accounting for 38.0% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,380 |
| Studio Rent | $945 | $998 |
| 1 Bed Rent | $1,240 | $1,270 |
| 2 Bed Rent | $1,100 | $1,190 |
| 3 Bed Rent | $1,600 | $1,630 |
| 4 Bed Rent | $2,050 | $2,180 |
% of Rental Stock
Property Listings — Depew, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Depew, NY is 32. This is a decrease of -28.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $285,000 | 13.0% |
Listing Count | 94 | 5.0% |
| Listings as % of Homes | 0.3% | 5.0% |
Days on Market | 32 | -28.0% |
Demographics — Depew, NY
As of the latest ACS Survey released in 2023, Depew, NY has a population of 24,800, which has increased by 1.6% over the past 5 years. Depew, NY is a moderately popular place for families, as children make up 17.5% of the population. The area has a moderately educated workforce, with 27.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,800 | 1.6% |
% Under 18 | 17.5% | 0.6% |
% Seniors | 22.1% | 12.2% |
% WFH | 7.1% | 294.4% |
% w/ College Degree | 27.3% | 12.3% |
As of the latest ACS Survey released in 2023, Depew, NY is a predominantly white area, with 91.4% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Depew, NY is hispanic, making up 3.4% of the population. Foreign-born residents account for 4.5% of the population in Depew, NY, and this percentage has increased by 2.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.4% | -1.8% |
% Black | 2.3% | -17.9% |
% Hispanic | 3.4% | 41.7% |
% Asian | 1.4% | 133.3% |
% Foreign Born | 4.5% | 2.3% |
Mortgage and Risk — Depew, NY
According to HUD data as of 2023, there were 428 mortgage originations in Depew, NY, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Depew, NY. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 428 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Depew, NY
As of 2024, the percent of homes in Depew, NY under the Section 8 program is 5.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Depew, NY, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 207 |
Total Units Section 8 | 192 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$200 | $1,240 | $1,040 |
| 2 Bedroom | $120 | $1,100 | $1,220 |
| 3 Bedroom | -$110 | $1,600 | $1,490 |
| 4 Bedroom | -$360 | $2,050 | $1,690 |
Affordability — Depew, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $258,000 |
| Median Household Income | $73,400 |