Gowanda, NY—14070
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gowanda, NY
As of Oct '25, the median home price in Gowanda, NY is $153,000, with a year-over-year change of 0.4%. This indicates that home prices in Gowanda, NY are flat. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $153,000 | 0.4% |
| Single Family | $153,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $133,000 | 0.8% |
3 Bed | $155,000 | -1.3% |
4 Bed | $178,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gowanda, NY
Gowanda, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,000 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gowanda, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Gowanda, NY is 78. This is a decrease of -2.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | 40.0% |
Listing Count | 15 | 7.0% |
| Listings as % of Homes | 0.5% | 7.0% |
Days on Market | 78 | -2.0% |
Demographics — Gowanda, NY
As of the latest ACS Survey released in 2023, Gowanda, NY has a population of 5,440, which has decreased by -20.6% over the past 5 years. Gowanda, NY is a moderately popular place for families, as children make up 24.3% of the population. The area has a poorly educated workforce, with 14.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,440 | -20.6% |
% Under 18 | 24.3% | 65.3% |
% Seniors | 19.5% | 16.8% |
% WFH | 3.5% | 105.9% |
% w/ College Degree | 14.5% | 22.9% |
As of the latest ACS Survey released in 2023, Gowanda, NY is a predominantly white area, with 80.7% of the population identifying as white. The white population has grown by 8.2% in the last 5 years. The second most common race or ethnicity in Gowanda, NY is hispanic, making up 5.2% of the population. Foreign-born residents account for 3.2% of the population in Gowanda, NY, and this percentage has decreased by 11.1% 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 | 80.7% | 8.2% |
% Black | 1.4% | -84.1% |
% Hispanic | 5.2% | -10.3% |
% Asian | 0.3% | -50.0% |
% Foreign Born | 3.2% | -11.1% |
Mortgage and Risk — Gowanda, NY
According to HUD data as of 2023, there were 93 mortgage originations in Gowanda, NY, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Gowanda, NY. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 93 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Gowanda, NY
Gowanda, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 50 |
Total Units Section 8 | 29 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $1,000 | $900 |
| 2 Bedroom | N/A | N/A | $1,050 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Gowanda, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $153,000 |
| Median Household Income | $51,600 |