Tonawanda Town, New York Housing Market Prices
Tonawanda Town 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 96% below the New York median$18,967
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Median rent 32% below the New York median$1,101
Housing Market Overview
| Metric | Tonawanda Town | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $18,967 | $471,885 | $248,835 |
| Price Trend (Annual %) | -6.6% | 7.1% | 7.5% |
| Median Gross Rent | $1,101 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tonawanda Town is about 96% lower than in New York. Rent is about 32% 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 Tonawanda Town: home prices fell about 6.6% a year while rent rose about 4.3% a year. That is an unusual pattern worth watching.
Median rent in Tonawanda Town rose about 42.5% between 2015 and 2024, from $773 to $1,101. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 0.2 yearly household incomes in Tonawanda Town.
Buying the median-priced home in Tonawanda Town costs roughly 1.4 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 Tonawanda Town. The price-to-rent ratio in New York is about 24.3.
| Metric | Tonawanda Town | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $18,967 | $471,885 | $248,835 |
| Median Household Income | $77,786 | $86,556 | $80,455 |
| Price-to-Income Ratio | 0.2 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tonawanda Town fell about 85.3%, while median household income rose about 57.5% 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 | Tonawanda Town | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.3% | 48.8% | 58.5% |
| Rental Rate | 25.9% | 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 |
Tonawanda Town has a homeownership rate of 70.3%, 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 | Tonawanda Town | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.09 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1955 | 1960 | 1978 |
| Median Number of Rooms | 5.9 | 5.0 | 5.5 |
The typical housing unit in Tonawanda Town was built around 1955. On average, 2.1 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Tonawanda Town, New York.
What is the median home price in Tonawanda Town, New York?
The median home price in Tonawanda Town, New York is $18,967, lower than the New York average of $471,885.
What is the average home price in Tonawanda Town, New York?
The typical home price in Tonawanda Town, New York, reported as the median sale price, is $18,967. 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 Tonawanda Town, New York?
The median gross rent in Tonawanda Town, New York is $1,101 per month, lower than the New York average of $1,621.
What was the median gross rent in Tonawanda Town in 2020?
In 2020, the median gross rent in Tonawanda Town, New York was $868 per month.
What is the price-to-rent ratio in Tonawanda Town, New York?
The price-to-rent ratio in Tonawanda Town, New York is about 1.4, meaning it would take roughly 1.4 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 Tonawanda Town.
Are home prices or rent rising faster in Tonawanda Town, New York?
Home prices and rent are moving in opposite directions in Tonawanda Town: home prices fell about 6.6% a year while rent rose about 4.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Tonawanda Town, New York?
70.3% of households in Tonawanda Town, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Tonawanda Town, New York?
The housing vacancy rate in Tonawanda Town, New York is 3.8%, lower than the New York average of 10.1%.
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