The housing market in Tonawanda, NY (14223) is quite robust. The median value of homes in the area is $223,500, which is significantly lower than the national median value of $338,100. However, the area has seen a greater appreciation rate over the past year at 12.00%, which is higher than the national average of 8.27%. This indicates that Tonawanda is an attractive market for prospective buyers looking for a steady return on their investment. Furthermore, with its proximity to local amenities and thoroughfares, this could be a great place to call home.
The median home cost in Tonawanda (zip 14223) is $223,500. Home appreciation the last 10 years has been 109.1%. Home Appreciation in Tonawanda (zip 14223) is up 15.3%.
Average Age of Homes
- The median age of Tonawanda (zip 14223) real estate is 64 years old
The Rental Market in Tonawanda (zip 14223)
- Renters make up 19.4% of the Tonawanda (zip 14223) population
- 1.1% of houses and apartments in Tonawanda (zip 14223), 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.