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North Tonawanda, NY—14120

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$284,000
5.8% YoY Growth
Household Income
$76,600
21.6% YoY Growth
Days on Market
26
3.0% Shorter YoY
Home Price Forecast
2.2%
Median Rent
$1,280
18.0% YoY Growth
1-Bed Rent
$1,150
45.9% YoY Growth
2-Bed Rent
$1,220
11.1% YoY Growth
3-Bed Rent
$2,350
43.7% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — North Tonawanda, NY

As of May '26, the median home price in North Tonawanda, NY is $284,000, with a year-over-year change of 5.8%. This indicates that home prices in North Tonawanda, 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 TypeMedian Home ValueYoY % Change
All Homes
$284,0005.8%
Single Family $283,0005.6%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$212,0006.0%
    3 Bed
    		$279,0006.1%
    4 Bed
    		$369,0005.4%
    5 Bed $371,8045.3%
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    % of Housing Stock

    Studio
    2.8%
    1 Bedroom
    7.5%
    2 Bedrooms
    25.5%
    3 Bedrooms
    43.7%
    4 Bedrooms
    18.3%
    5+ Bedrooms
    2.2%

    Rental Trends — North Tonawanda, NY

    As of July '25, Rentcast reports the average rent in North Tonawanda, NY is $1,510, with a year-over-year rent change of 18.0%. Per bedroom, the median rent as of July '25 in North Tonawanda, NY is studios: $869, 1-bedrooms: $1,350, 2-bedrooms: $1,400, 3-bedrooms: $2,170. The most common rental property sizes in North Tonawanda, NY are 2-bedroom and 1-bedroom, accounting for 50.6% and 25.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,280$1,510
    Studio Rent $869$869
    1 Bed Rent $1,150$1,350
    2 Bed Rent $1,220$1,400
    3 Bed Rent $2,350$2,170
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    6.6%
    1 Bedroom
    25.3%
    2 Bedrooms
    50.6%
    3 Bedrooms
    13.0%
    4 Bedrooms
    3.8%
    5+ Bedrooms
    0.6%

    Property Listings — North Tonawanda, NY

    As of May '26, Realtor.com reports that the median days on market for a home in North Tonawanda, NY is 26. This is a decrease of -3.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$270,0000.0%
    Listing Count
    		106-2.0%
    Listings as % of Homes0.4%-2.0%
    Days on Market
    		26-3.0%
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    Demographics — North Tonawanda, NY

    As of the latest ACS Survey released in 2023, North Tonawanda, NY has a population of 44,400, which has remained stable by -0.1% over the past 5 years. North Tonawanda, NY is a moderately popular place for families, as children make up 19.5% of the population. The area has a moderately educated workforce, with 30.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		44,400-0.1%
    % Under 18
    		19.5%0.0%
    % Seniors
    		20.7%4.5%
    % WFH
    		13.5%400.0%
    % w/ College Degree
    		30.2%8.2%
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    As of the latest ACS Survey released in 2023, North Tonawanda, NY is a predominantly white area, with 90.8% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in North Tonawanda, NY is hispanic, making up 2.6% of the population. Foreign-born residents account for 3.8% of the population in North Tonawanda, NY, and this percentage has increased by 8.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		90.8%-3.4%
    % Black
    		2.3%21.1%
    % Hispanic
    		2.6%73.3%
    % Asian
    		0.9%12.5%
    % Foreign Born
    		3.8%8.6%
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    Mortgage and Risk — North Tonawanda, NY

    According to HUD data as of 2023, there were 705 mortgage originations in North Tonawanda, NY, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in North Tonawanda, 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

    MetricZip Code Average
    Total Loan Originations
    		705
    % Conventional Loans
    		85.0%
    % Government Loans
    		15.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — North Tonawanda, NY

    North Tonawanda, NY lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		993
    Total Units Section 8
    		923
    % Rentals under Section 8
    		16.4%
    % Occupied Section 8
    		82.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$240$1,150$910
    2 Bedroom-$150$1,220$1,070
    3 Bedroom-$1,040$2,350$1,310
    4 BedroomN/AN/A$1,480

    Affordability — North Tonawanda, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$284,000
    Median Household Income$76,600

    North Tonawanda, NY — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    14228

    North Bailey

    14260

    Sanborn, NY

    14132

    Tonawanda, NY

    14150

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    Frequently Asked Questions