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Lockport, NY—14094

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$267,000
6.6% YoY Growth
Household Income
$73,400
30.7% YoY Growth
Days on Market
37
47.0% Longer YoY
Home Price Forecast
2.4%
Median Rent
$1,050
13.2% YoY Growth
1-Bed Rent
$850
7.8% YoY Growth
2-Bed Rent
$1,100
8.8% YoY Growth
3-Bed Rent
$1,630
41.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lockport, NY

As of May '26, the median home price in Lockport, NY is $267,000, with a year-over-year change of 6.6%. This indicates that home prices in Lockport, NY are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$267,0006.6%
Single Family $267,0006.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $128,000
    5.8%
    2 Bed
    		$203,0007.4%
    3 Bed
    		$265,0006.9%
    4 Bed
    		$341,0006.2%
    5 Bed $348,3286.9%
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    % of Housing Stock

    Studio
    0.8%
    1 Bedroom
    8.9%
    2 Bedrooms
    26.3%
    3 Bedrooms
    42.6%
    4 Bedrooms
    17.5%
    5+ Bedrooms
    3.9%

    Rental Trends — Lockport, NY

    As of July '25, Rentcast reports the average rent in Lockport, NY is $1,200, with a year-over-year rent change of 13.2%. Per bedroom, the median rent as of July '25 in Lockport, NY is studios: $650, 1-bedrooms: $880, 2-bedrooms: $1,110, 3-bedrooms: $1,920, 4-bedrooms: $1,850. The most common rental property sizes in Lockport, NY are 2-bedroom and 1-bedroom, accounting for 39.8% and 29.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,050$1,200
    Studio Rent $650$650
    1 Bed Rent $850$880
    2 Bed Rent $1,100$1,110
    3 Bed Rent $1,630$1,920
    4 Bed Rent $1,850$1,850
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    % of Rental Stock

    Studio
    2.0%
    1 Bedroom
    29.6%
    2 Bedrooms
    39.8%
    3 Bedrooms
    19.3%
    4 Bedrooms
    7.8%
    5+ Bedrooms
    1.5%

    Property Listings — Lockport, NY

    As of May '26, Realtor.com reports that the median days on market for a home in Lockport, NY is 37. This is a increase of 47.0% from last year, suggesting that homes are sitting on the market longer 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$300,000-5.0%
    Listing Count
    		14419.0%
    Listings as % of Homes0.6%19.0%
    Days on Market
    		3747.0%
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    Demographics — Lockport, NY

    As of the latest ACS Survey released in 2023, Lockport, NY has a population of 50,500, which has increased by 2.8% over the past 5 years. Lockport, NY is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 28.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		50,5002.8%
    % Under 18
    		20.8%4.5%
    % Seniors
    		17.7%2.3%
    % WFH
    		8.7%278.3%
    % w/ College Degree
    		28.7%17.1%
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    As of the latest ACS Survey released in 2023, Lockport, NY is a predominantly white area, with 84.4% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Lockport, NY is black, making up 5.9% of the population. Foreign-born residents account for 3.1% of the population in Lockport, NY, and this percentage has increased by 24.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		84.4%-4.0%
    % Black
    		5.9%9.3%
    % Hispanic
    		3.1%-13.9%
    % Asian
    		0.7%-12.5%
    % Foreign Born
    		3.1%24.0%
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    Mortgage and Risk — Lockport, NY

    According to HUD data as of 2023, there were 982 mortgage originations in Lockport, NY, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Lockport, NY. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		982
    % Conventional Loans
    		83.0%
    % Government Loans
    		17.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		8.0%
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    Rentals and Section 8 — Lockport, NY

    As of 2024, the percent of homes in Lockport, NY under the Section 8 program is 12.7%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Lockport, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		1,155
    Total Units Section 8
    		754
    % Rentals under Section 8
    		12.7%
    % Occupied Section 8
    		86.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$50$850$900
    2 Bedroom-$50$1,100$1,050
    3 Bedroom-$340$1,630$1,290
    4 Bedroom-$400$1,850$1,450

    Affordability — Lockport, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$267,000
    Median Household Income$73,400

    Lockport, NY — ZIP Code Boundary Map

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    Frequently Asked Questions