The Most Affordable Neighborhoods in Tonawanda, NY by Home Value

These days, finding an affordable place to live in the Tonawanda area can be challenging. Home prices in Tonawanda are now at a median cost of $208,745, lower than the New York average of $610,895.

The average cost of rent is $1,101/mo in Tonawanda, primarily driven by the current value of real estate in the Tonawanda area. In Tonawanda, 26.95% of households rent, and 40.56% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Tonawanda is $6,403 per month. Households that rent pay about 17.19% of their income on rent here. Tonawanda’s most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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