Niagara Falls, NY—14305
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 $147,000, with a year-over-year change of 5.4%. This indicates that home prices in Niagara Falls, NY are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $147,000 | 5.4% |
| Single Family | $147,000 | 6.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $118,000 | 6.3% |
3 Bed | $156,000 | 6.8% |
4 Bed | $154,000 | 6.9% |
| 5 Bed | $168,000 | 5.0% |
% of Housing Stock
Rental Trends — Niagara Falls, NY
As of July '25, Rentcast reports the average rent in Niagara Falls, NY is $1,150, with a year-over-year rent change of -14.8%. Per bedroom, the median rent as of July '25 in Niagara Falls, NY is studios: $775, 1-bedrooms: $700, 2-bedrooms: $999, 3-bedrooms: $1,640. The most common rental property sizes in Niagara Falls, NY are 2-bedroom and 3-bedroom, accounting for 35.0% and 34.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,150 |
| Studio Rent | $775 | $775 |
| 1 Bed Rent | $700 | $700 |
| 2 Bed Rent | $1,000 | $999 |
| 3 Bed Rent | $1,200 | $1,640 |
| 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 55. This is a increase of 12.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $120,000 | 5.0% |
Listing Count | 86 | 5.0% |
| Listings as % of Homes | 0.5% | 5.0% |
Days on Market | 55 | 12.0% |
Demographics — Niagara Falls, NY
As of the latest ACS Survey released in 2023, Niagara Falls, NY has a population of 16,400, which has decreased by -1.5% over the past 5 years. Niagara Falls, NY is a moderately popular place for families, as children make up 22.6% of the population. The area has a poorly educated workforce, with 24.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,400 | -1.5% |
% Under 18 | 22.6% | -6.2% |
% Seniors | 14.9% | 5.7% |
% WFH | 8.0% | 515.4% |
% w/ College Degree | 24.6% | 26.8% |
As of the latest ACS Survey released in 2023, Niagara Falls, NY is a predominantly white area, with 55.4% 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 black, making up 24.7% of the population. Foreign-born residents account for 5.7% of the population in Niagara Falls, NY, and this percentage has increased by 62.9% 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 | 55.4% | -10.4% |
% Black | 24.7% | -19.0% |
% Hispanic | 8.3% | 112.8% |
% Asian | 1.2% | 100.0% |
% Foreign Born | 5.7% | 62.9% |
Mortgage and Risk — Niagara Falls, NY
According to HUD data as of 2023, there were 163 mortgage originations in Niagara Falls, NY, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Niagara Falls, NY. Investor activity is low, as 4.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 163 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
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 | 1,214 |
Total Units Section 8 | 717 |
% Rentals under Section 8 | 25.5% |
% Occupied Section 8 | 75.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $700 | $910 |
| 2 Bedroom | $70 | $1,000 | $1,070 |
| 3 Bedroom | $110 | $1,200 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,480 |
Affordability — Niagara Falls, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $147,000 |
| Median Household Income | $49,600 |