Niagara Falls, NY—14304
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 $201,000, with a year-over-year change of 2.8%. 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 | $201,000 | 2.8% |
| Single Family | $202,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $109,000 | 2.8% |
2 Bed | $156,000 | 4.0% |
3 Bed | $205,000 | 3.5% |
4 Bed | $233,000 | 4.0% |
| 5 Bed | $272,000 | 5.0% |
% of Housing Stock
Rental Trends — Niagara Falls, NY
As of July '25, Rentcast reports the average rent in Niagara Falls, NY is $1,280, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Niagara Falls, NY is studios: $950, 1-bedrooms: $975, 2-bedrooms: $1,030, 3-bedrooms: $1,980, 4-bedrooms: $2,600. The most common rental property sizes in Niagara Falls, NY are 2-bedroom and 3-bedroom, accounting for 40.1% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,280 |
| Studio Rent | $900 | $950 |
| 1 Bed Rent | $950 | $975 |
| 2 Bed Rent | $928 | $1,030 |
| 3 Bed Rent | $1,820 | $1,980 |
| 4 Bed Rent | $2,600 | $2,600 |
% 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 23.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | 5.0% |
Listing Count | 100 | -3.0% |
| Listings as % of Homes | 0.4% | -3.0% |
Days on Market | 46 | 23.0% |
Demographics — Niagara Falls, NY
As of the latest ACS Survey released in 2023, Niagara Falls, NY has a population of 29,000, which has decreased by -1.4% over the past 5 years. Niagara Falls, NY is a moderately popular place for families, as children make up 19.4% of the population. The area has a moderately educated workforce, with 25.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,000 | -1.4% |
% Under 18 | 19.4% | 10.9% |
% Seniors | 21.5% | 13.2% |
% WFH | 8.1% | 305.0% |
% w/ College Degree | 25.4% | 22.1% |
As of the latest ACS Survey released in 2023, Niagara Falls, NY is a predominantly white area, with 85.2% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Niagara Falls, NY is hispanic, making up 4.4% of the population. Foreign-born residents account for 3.2% of the population in Niagara Falls, NY, and this percentage has decreased by 43.9% 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 | 85.2% | -2.5% |
% Black | 3.5% | -5.4% |
% Hispanic | 4.4% | 83.3% |
% Asian | 1.7% | -15.0% |
% Foreign Born | 3.2% | -43.9% |
Mortgage and Risk — Niagara Falls, NY
According to HUD data as of 2023, there were 483 mortgage originations in Niagara Falls, NY, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Niagara Falls, NY. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 483 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
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 8.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 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 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 411 |
Total Units Section 8 | 293 |
% Rentals under Section 8 | 8.7% |
% Occupied Section 8 | 82.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $950 | $900 |
| 2 Bedroom | $122 | $928 | $1,050 |
| 3 Bedroom | -$530 | $1,820 | $1,290 |
| 4 Bedroom | -$1,150 | $2,600 | $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 | $201,000 |
| Median Household Income | $64,800 |