Tonawanda, NY has a median housing value of $205,100, which is much lower than the US median of $338,100. Despite this discrepancy in median values, however, houses have appreciated in Tonawanda at a rate significantly higher than the US average over the past year. Specifically, the US house appreciation rate stands at 8.27% whereas Tonawanda's is at 10.67%. Therefore, those seeking to invest in real estate may find an attractive opportunity in Tonawanda given its relatively low cost and high appreciation rate.
The median home cost in Tonawanda (zip 14150) is $205,100. Home appreciation the last 10 years has been 89.7%. Home Appreciation in Tonawanda (zip 14150) is up 15.9%.
Average Age of Homes
- The median age of Tonawanda (zip 14150) real estate is 62 years old
The Rental Market in Tonawanda (zip 14150)
- Renters make up 25.8% of the Tonawanda (zip 14150) population
- 1.8% of houses and apartments in Tonawanda (zip 14150), 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.