North Tonawanda, NY—14120
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Tonawanda, NY
As of Oct '25, the median home price in North Tonawanda, NY is $273,000, with a year-over-year change of 5.6%. 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $273,000 | 5.6% |
| Single Family | $273,000 | 5.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $206,000 | 5.6% |
3 Bed | $269,000 | 5.5% |
4 Bed | $356,000 | 5.6% |
| 5 Bed | $358,000 | 5.3% |
% of Housing Stock
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.
| Type | Median Rent | Average 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/A | N/A |
% of Rental Stock
Property Listings — North Tonawanda, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in North Tonawanda, NY is 40. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $284,000 | 6.0% |
Listing Count | 115 | 1.0% |
| Listings as % of Homes | 0.4% | 1.0% |
Days on Market | 40 | 1.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$240 | $1,150 | $910 |
| 2 Bedroom | -$150 | $1,220 | $1,070 |
| 3 Bedroom | -$1,040 | $2,350 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,480 |
Affordability — North Tonawanda, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $273,000 |
| Median Household Income | $76,600 |