Niagara Falls, NY—14303
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 $108,000, with a year-over-year change of 5.5%. This indicates that home prices in Niagara Falls, NY are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $108,000 | 5.5% |
| Single Family | $106,000 | 8.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $94,000 | 5.6% |
3 Bed | $111,000 | 7.8% |
4 Bed | $111,000 | 7.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Niagara Falls, NY
As of July '25, Rentcast reports the average rent in Niagara Falls, NY is $1,120, with a year-over-year rent change of -5.1%. Per bedroom, the median rent as of July '25 in Niagara Falls, NY is 1-bedrooms: $1,040, 2-bedrooms: $1,040, 3-bedrooms: $1,350. The most common rental property sizes in Niagara Falls, NY are 2-bedroom and 1-bedroom, accounting for 46.2% and 25.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,080 | $1,120 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $1,040 |
| 2 Bed Rent | $1,080 | $1,040 |
| 3 Bed Rent | $1,100 | $1,350 |
| 4 Bed Rent | N/A | N/A |
% 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 46. This is a increase of 14.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $118,000 | 7.0% |
Listing Count | 37 | -15.0% |
| Listings as % of Homes | 0.5% | -15.0% |
Days on Market | 46 | 14.0% |
Demographics — Niagara Falls, NY
As of the latest ACS Survey released in 2023, Niagara Falls, NY has a population of 6,210, which has increased by 7.0% over the past 5 years. Niagara Falls, NY is a popular place for families, as children make up 26.5% of the population. The area has a poorly educated workforce, with 16.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,210 | 7.0% |
% Under 18 | 26.5% | 2.7% |
% Seniors | 17.4% | 21.7% |
% WFH | 2.8% | -37.8% |
% w/ College Degree | 16.1% | 54.8% |
As of the latest ACS Survey released in 2023, Niagara Falls, NY is a predominantly white area, with 53.4% of the population identifying as white. The white population has shrunk by 10.4% in the last 5 years. The second most common race or ethnicity in Niagara Falls, NY is hispanic, making up 15.2% of the population. Foreign-born residents account for 3.1% of the population in Niagara Falls, NY, and this percentage has decreased by 48.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 53.4% | -10.4% |
% Black | 14.3% | -30.6% |
% Hispanic | 15.2% | 78.8% |
% Asian | 3.8% | 35.7% |
% Foreign Born | 3.1% | -48.3% |
Mortgage and Risk — Niagara Falls, NY
According to HUD data as of 2023, there were 38 mortgage originations in Niagara Falls, NY, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 86.0%, with 66.0% above 90% LTV (very high). This implies large mortgage risk in Niagara Falls, NY. Investor activity is low, as 8.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 38 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Niagara Falls, NY
Niagara Falls, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 182 |
Total Units Section 8 | 178 |
% Rentals under Section 8 | 12.1% |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $950 | $900 |
| 2 Bedroom | -$30 | $1,080 | $1,050 |
| 3 Bedroom | $190 | $1,100 | $1,290 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Niagara Falls, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $108,000 |
| Median Household Income | $45,500 |