Niagara County, New York Housing Market Prices
Niagara County 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 75% below the New York median$119,155
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Median rent 45% below the New York median Cheaper than 77% of counties in New York$898
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Niagara County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $119,155 | $471,885 | $248,835 |
| Price Trend (Annual %) | -9.4% | 7.1% | 7.5% |
| Median Gross Rent | $898 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Niagara County is about 75% lower than in New York. Rent is about 45% lower than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Niagara County: home prices fell about 9.4% a year while rent rose about 4.0% a year. That is an unusual pattern worth watching.
Median rent in Niagara County rose about 37.5% between 2015 and 2024, from $654 to $898. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Niagara County.
Buying the median-priced home in Niagara County costs roughly 11.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Niagara County. The price-to-rent ratio in New York is about 24.3.
| Metric | Niagara County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $119,155 | $471,885 | $248,835 |
| Median Household Income | $69,767 | $86,556 | $80,455 |
| Price-to-Income Ratio | 1.7 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Niagara County fell about 57.5%, while median household income rose about 47.0% 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 | Niagara County | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.1% | 48.8% | 58.5% |
| Rental Rate | 26.4% | 41.1% | 31.2% |
| Vacancy Rate | 8.5% | 10.1% | 10.2% |
| Median Tenure (years) | 19.0 | 17.0 | 15.0 |
| Median Year Moved In | 2007 | 2009 | 2011 |
Niagara County has a homeownership rate of 65.1%, higher than the New York average of 48.8%. Its housing vacancy rate is 8.5%, compared with 10.1% in New York.
Housing Stock
| Metric | Niagara County | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1964 | 1960 | 1978 |
| Median Number of Rooms | 5.9 | 5.0 | 5.5 |
The typical housing unit in Niagara County was built around 1964. On average, 2.2 people live in a home with about 5.9 rooms, staying for about 19.0 years on average.
Niagara County, NY Housing Compared With Nearby Counties
Niagara County, NY is the 3rd largest of the 6 counties compared here, 210,721 residents against a local median of 57,790. Niagara County, NY's median home price, at $119,155, runs 30% below the $170,710 typical of the counties around it.
The counties themselves spread $496,187 on median home price, so Niagara County, NY sits at one end of an already wide local range rather than apart from it. Niagara County, NY has the 5th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Niagara County, NY | 210,721 | $119,155 #5/6 | $898 #4/6 | 71.2% #4/6 |
| Orleans County, NY | 39,608 | $251,667 | $873 | 77.2% |
| Erie County, NY | 948,176 | $170,710 | $1,089 | 65.9% |
| Genesee County, NY | 57,790 | $74,894 | $929 | 73.8% |
| Wyoming County, NY | 39,775 | $571,081 | $802 | 75.9% |
| Monroe County, NY | 753,564 | $159,902 | $1,172 | 63.7% |
Frequently Asked Questions
Common questions about the housing market in Niagara County, New York.
What is the median home price in Niagara County, New York?
The median home price in Niagara County, New York is $119,155, lower than the New York average of $471,885.
What is the average home price in Niagara County, New York?
The typical home price in Niagara County, New York, reported as the median sale price, is $119,155. 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 Niagara County, New York?
The median gross rent in Niagara County, New York is $898 per month, lower than the New York average of $1,621.
What was the median gross rent in Niagara County in 2020?
In 2020, the median gross rent in Niagara County, New York was $714 per month.
What is the price-to-rent ratio in Niagara County, New York?
The price-to-rent ratio in Niagara County, New York is about 11.1, meaning it would take roughly 11.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Niagara County.
Are home prices or rent rising faster in Niagara County, New York?
Home prices and rent are moving in opposite directions in Niagara County: home prices fell about 9.4% a year while rent rose about 4.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Niagara County, New York?
65.1% of households in Niagara County, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Niagara County, New York?
The housing vacancy rate in Niagara County, New York is 8.5%, lower than the New York average of 10.1%.
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