Cheektowaga, New York Housing Market Prices
Cheektowaga Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 57% below the New York median$200,709
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Median rent 35% below the New York median$1,055
Housing Market Overview
| Metric | Cheektowaga | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $200,709 | $471,885 | $248,835 |
| Price Trend (Annual %) | 11.7% | 7.1% | 7.5% |
| Median Gross Rent | $1,055 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cheektowaga is about 57% lower than in New York. Rent is about 35% lower than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Cheektowaga, up about 11.7% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Cheektowaga rose about 38.1% between 2015 and 2024, from $764 to $1,055. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Cheektowaga.
Buying the median-priced home in Cheektowaga costs roughly 15.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Cheektowaga. The price-to-rent ratio in New York is about 24.3.
| Metric | Cheektowaga | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $200,709 | $471,885 | $248,835 |
| Median Household Income | $68,413 | $86,556 | $80,455 |
| Price-to-Income Ratio | 2.9 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cheektowaga rose about 136.1%, while median household income rose about 45.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cheektowaga | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.4% | 48.8% | 58.5% |
| Rental Rate | 27.8% | 41.1% | 31.2% |
| Vacancy Rate | 3.8% | 10.1% | 10.2% |
| Median Tenure (years) | 16.0 | 17.0 | 15.0 |
| Median Year Moved In | 2010 | 2009 | 2011 |
Cheektowaga has a homeownership rate of 68.4%, higher than the New York average of 48.8%. Its housing vacancy rate is 3.8%, compared with 10.1% in New York.
Housing Stock
| Metric | Cheektowaga | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.18 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1961 | 1960 | 1978 |
| Median Number of Rooms | 5.6 | 5.0 | 5.5 |
The typical housing unit in Cheektowaga was built around 1961. On average, 2.2 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Cheektowaga, New York.
What is the median home price in Cheektowaga, New York?
The median home price in Cheektowaga, New York is $200,709, lower than the New York average of $471,885.
What is the average home price in Cheektowaga, New York?
The typical home price in Cheektowaga, New York, reported as the median sale price, is $200,709. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Cheektowaga, New York?
The median gross rent in Cheektowaga, New York is $1,055 per month, lower than the New York average of $1,621.
What was the median gross rent in Cheektowaga in 2020?
In 2020, the median gross rent in Cheektowaga, New York was $861 per month.
What is the price-to-rent ratio in Cheektowaga, New York?
The price-to-rent ratio in Cheektowaga, New York is about 15.9, meaning it would take roughly 15.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Cheektowaga.
Are home prices or rent rising faster in Cheektowaga, New York?
Both home prices and rent are rising in Cheektowaga, up about 11.7% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cheektowaga, New York?
68.4% of households in Cheektowaga, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Cheektowaga, New York?
The housing vacancy rate in Cheektowaga, New York is 3.8%, lower than the New York average of 10.1%.
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