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These days, finding an affordable place to live in the Niagara Falls area can be challenging. Home prices in Niagara Falls are now at a median cost of $139,596, lower than the New York average of $610,895.
The average cost of rent is $973/mo in Niagara Falls, primarily driven by the current value of real estate in the Niagara Falls area. In Niagara Falls, 37.70% of households rent, and 54.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Niagara Falls is $5,011 per month. Households that rent pay about 19.41% of their income on rent here. Niagara Falls’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Niagara University, NY: higher priced homes
- Sandy Beach, NY: higher priced homes
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- Stella Niagara, NY: higher priced homes
- North Tonawanda, NY: higher priced homes
- Shawnee, NY: higher priced homes
- Youngstown, NY: higher priced homes
- Ransomville, NY: higher priced homes
Cities with Similar Populations
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- Port Orange, FL: higher priced homes
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