Lockport, New York Housing Market Prices
Lockport 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 55% below the New York median$212,245
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Median rent 42% below the New York median$944
Housing Market Overview
| Metric | Lockport | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $212,245 | $471,885 | $248,835 |
| Price Trend (Annual %) | 9.0% | 7.1% | 7.5% |
| Median Gross Rent | $944 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lockport is about 55% lower than in New York. Rent is about 42% 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 Lockport, up about 9.0% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Lockport rose about 42.4% between 2015 and 2024, from $663 to $944. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Lockport.
Buying the median-priced home in Lockport costs roughly 18.7 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 Lockport. The price-to-rent ratio in New York is about 24.3.
| Metric | Lockport | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $212,245 | $471,885 | $248,835 |
| Median Household Income | $63,261 | $86,556 | $80,455 |
| Price-to-Income Ratio | 3.4 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lockport rose about 36.0%, while median household income rose about 59.1% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lockport | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.0% | 48.8% | 58.5% |
| Rental Rate | 37.2% | 41.1% | 31.2% |
| Vacancy Rate | 9.9% | 10.1% | 10.2% |
| Median Tenure (years) | 13.0 | 17.0 | 15.0 |
| Median Year Moved In | 2013 | 2009 | 2011 |
Lockport has a homeownership rate of 53.0%, higher than the New York average of 48.8%. Its housing vacancy rate is 9.9%, compared with 10.1% in New York.
Housing Stock
| Metric | Lockport | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.21 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1950 | 1960 | 1978 |
| Median Number of Rooms | 5.8 | 5.0 | 5.5 |
The typical housing unit in Lockport was built around 1950. On average, 2.2 people live in a home with about 5.8 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lockport, New York.
What is the median home price in Lockport, New York?
The median home price in Lockport, New York is $212,245, lower than the New York average of $471,885.
What is the average home price in Lockport, New York?
The typical home price in Lockport, New York, reported as the median sale price, is $212,245. 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 Lockport, New York?
The median gross rent in Lockport, New York is $944 per month, lower than the New York average of $1,621.
What was the median gross rent in Lockport in 2020?
In 2020, the median gross rent in Lockport, New York was $730 per month.
What is the price-to-rent ratio in Lockport, New York?
The price-to-rent ratio in Lockport, New York is about 18.7, meaning it would take roughly 18.7 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 Lockport.
Are home prices or rent rising faster in Lockport, New York?
Both home prices and rent are rising in Lockport, up about 9.0% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lockport, New York?
53.0% of households in Lockport, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Lockport, New York?
The housing vacancy rate in Lockport, New York is 9.9%, lower than the New York average of 10.1%.
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