Niagara Falls, NY—14301
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Niagara Falls, NY
As of Oct '25, the median home price in Niagara Falls, NY is $112,000, with a year-over-year change of 3.9%. This indicates that home prices in Niagara Falls, NY are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $112,000 | 3.9% |
| Single Family | $112,000 | 3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $101,000 | 3.1% |
3 Bed | $112,000 | 4.7% |
4 Bed | $120,000 | 4.3% |
| 5 Bed | $125,000 | 0.0% |
% of Housing Stock
Rental Trends — Niagara Falls, NY
As of July '25, Rentcast reports the average rent in Niagara Falls, NY is $1,140, with a year-over-year rent change of 16.2%. Per bedroom, the median rent as of July '25 in Niagara Falls, NY is 1-bedrooms: $966, 2-bedrooms: $1,090, 3-bedrooms: $1,600, 4-bedrooms: $1,500. The most common rental property sizes in Niagara Falls, NY are 2-bedroom and 1-bedroom, accounting for 39.7% and 26.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,080 | $1,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $966 |
| 2 Bed Rent | $1,000 | $1,090 |
| 3 Bed Rent | $1,400 | $1,600 |
| 4 Bed Rent | $1,500 | $1,500 |
% of Rental Stock
Property Listings — Niagara Falls, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Niagara Falls, NY is 52. This is a decrease of -26.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $110,000 | 10.0% |
Listing Count | 47 | -22.0% |
| Listings as % of Homes | 0.5% | -22.0% |
Days on Market | 52 | -26.0% |
Demographics — Niagara Falls, NY
As of the latest ACS Survey released in 2023, Niagara Falls, NY has a population of 11,400, which has decreased by -9.1% over the past 5 years. Niagara Falls, NY is a moderately popular place for families, as children make up 16.1% of the population. The area has a poorly educated workforce, with 17.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,400 | -9.1% |
% Under 18 | 16.1% | -35.1% |
% Seniors | 25.2% | 80.0% |
% WFH | 7.2% | 213.0% |
% w/ College Degree | 17.7% | 8.6% |
As of the latest ACS Survey released in 2023, Niagara Falls, NY is a predominantly white area, with 59.4% of the population identifying as white. The white population has grown by 3.7% in the last 5 years. The second most common race or ethnicity in Niagara Falls, NY is black, making up 26.0% of the population. Foreign-born residents account for 5.2% of the population in Niagara Falls, NY, and this percentage has increased by 6.1% 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 | 59.4% | 3.7% |
% Black | 26.0% | -12.2% |
% Hispanic | 7.6% | 16.9% |
% Asian | 2.4% | 200.0% |
% Foreign Born | 5.2% | 6.1% |
Mortgage and Risk — Niagara Falls, NY
According to HUD data as of 2023, there were 99 mortgage originations in Niagara Falls, NY, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Niagara Falls, NY. Investor activity is low, as 7.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 99 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Niagara Falls, NY
As of 2024, the percent of homes in Niagara Falls, NY under the Section 8 program is 17.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Niagara Falls, NY, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 912 |
Total Units Section 8 | 565 |
% Rentals under Section 8 | 17.2% |
% Occupied Section 8 | 76.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $850 | $900 |
| 2 Bedroom | $50 | $1,000 | $1,050 |
| 3 Bedroom | -$110 | $1,400 | $1,290 |
| 4 Bedroom | -$50 | $1,500 | $1,450 |
Affordability — Niagara Falls, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $112,000 |
| Median Household Income | $37,600 |