North Tonawanda, New York Housing Market Prices
North Tonawanda 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 95% below the New York median$22,500
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Median rent 42% below the New York median$934
Housing Market Overview
| Metric | North Tonawanda | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $22,500 | $471,885 | $248,835 |
| Price Trend (Annual %) | -12.4% | 7.1% | 7.5% |
| Median Gross Rent | $934 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in North Tonawanda is about 95% 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
Home prices and rent are moving in opposite directions in North Tonawanda: home prices fell about 12.4% a year while rent rose about 4.4% a year. That is an unusual pattern worth watching.
Median rent in North Tonawanda rose about 40.3% between 2015 and 2024, from $666 to $934. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in North Tonawanda.
Buying the median-priced home in North Tonawanda costs roughly 2.0 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 North Tonawanda. The price-to-rent ratio in New York is about 24.3.
| Metric | North Tonawanda | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $22,500 | $471,885 | $248,835 |
| Median Household Income | $68,418 | $86,556 | $80,455 |
| Price-to-Income Ratio | 0.3 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in North Tonawanda fell about 94.5%, while median household income rose about 39.5% 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 | North Tonawanda | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.8% | 48.8% | 58.5% |
| Rental Rate | 28.5% | 41.1% | 31.2% |
| Vacancy Rate | 4.7% | 10.1% | 10.2% |
| Median Tenure (years) | 16.0 | 17.0 | 15.0 |
| Median Year Moved In | 2010 | 2009 | 2011 |
North Tonawanda has a homeownership rate of 66.8%, higher than the New York average of 48.8%. Its housing vacancy rate is 4.7%, compared with 10.1% in New York.
Housing Stock
| Metric | North Tonawanda | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.14 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1955 | 1960 | 1978 |
| Median Number of Rooms | 5.7 | 5.0 | 5.5 |
The typical housing unit in North Tonawanda was built around 1955. On average, 2.1 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in North Tonawanda, New York.
What is the median home price in North Tonawanda, New York?
The median home price in North Tonawanda, New York is $22,500, lower than the New York average of $471,885.
What is the average home price in North Tonawanda, New York?
The typical home price in North Tonawanda, New York, reported as the median sale price, is $22,500. 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 North Tonawanda, New York?
The median gross rent in North Tonawanda, New York is $934 per month, lower than the New York average of $1,621.
What was the median gross rent in North Tonawanda in 2020?
In 2020, the median gross rent in North Tonawanda, New York was $735 per month.
What is the price-to-rent ratio in North Tonawanda, New York?
The price-to-rent ratio in North Tonawanda, New York is about 2.0, meaning it would take roughly 2.0 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 North Tonawanda.
Are home prices or rent rising faster in North Tonawanda, New York?
Home prices and rent are moving in opposite directions in North Tonawanda: home prices fell about 12.4% a year while rent rose about 4.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in North Tonawanda, New York?
66.8% of households in North Tonawanda, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in North Tonawanda, New York?
The housing vacancy rate in North Tonawanda, New York is 4.7%, lower than the New York average of 10.1%.
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