Lockport, NY—14094
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lockport, NY
As of Oct '25, the median home price in Lockport, NY is $255,000, with a year-over-year change of 5.7%. This indicates that home prices in Lockport, NY are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $255,000 | 5.7% |
| Single Family | $255,000 | 5.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $121,000 | -0.8% |
2 Bed | $195,000 | 6.6% |
3 Bed | $253,000 | 5.9% |
4 Bed | $327,000 | 5.5% |
| 5 Bed | $336,000 | 5.3% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Lockport, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Lockport, NY is 50. This is a increase of 21.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $267,000 | 8.0% |
Listing Count | 187 | 13.0% |
| Listings as % of Homes | 0.6% | 13.0% |
Days on Market | 50 | 21.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,500 | 2.8% |
% Under 18 | 20.8% | 4.5% |
% Seniors | 17.7% | 2.3% |
% WFH | 8.7% | 278.3% |
% w/ College Degree | 28.7% | 17.1% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $255,000 |
| Median Household Income | $73,400 |