The housing market in Niagara, NY is doing well. The median value of a house in the area is $179,400, which is significantly lower than the national average of $338,100. However, over the past year, housing appreciation has been higher than the US average with an 11.02% increase compared to 8.27%. This indicates that Niagara's real estate market is healthy and growing. It's an attractive place to buy or rent a home, with great potential for future appreciation.
The median home cost in Niagara is $179,400. Home appreciation the last 10 years has been 96.4%. Home Appreciation in Niagara is up 15.0%.
Average Age of Homes
- The median age of Niagara real estate is 54 years old
The Rental Market in Niagara
- Renters make up 20.4% of the Niagara population
- 1.2% of houses and apartments in Niagara, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.