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Housing and Real Estate in Niagara Falls, NY

All the facts, figures and information you need to choose housing in this city.

By Livability.com on June 16, 2016

Cheaper City

Searching for a house in Niagara Falls, New York? Choosing a city can be a challenging process but our editors will equip you with you with all the facts, figures and information you need to get your process underway.

Let's start with some fundamentals: Niagara Falls has a population of 49,679 who live in 26,346 households. About 80.8 percent are occupied and 19.2 percent are not occupied. That's a much higher vacancy rate than the rest of the country. A typical residence here has three or more bedrooms.

The greatest number of homes in Niagara Falls were built before 1940. About ​2​ percent of homes were built after 2000.  On the older end of the spectrum, 84.0 percent of homes were built before 1960. This is a very settled community with a higher percentage of residents living here for more than 15 years than most cities.

How much do residences cost in Niagara Falls?

 

On the whole, houses are much less expensive than the in U.S. average with only 1.7 percent of the houses here costing more than $500,000. Residents find housing costs to be more affordable than in most cities. A buyer looking to spend less than $200,000 will find about 96 percent of homes here in that range. Another 1 percent of houses fall between $200,000 and $300,00. 

Who lives in Niagara Falls

 

This area has a much lower number of households made up of married couples with their own children, making it a less family-oriented community than most. Elementary school kids make up 39 percent of the population while another 23 percent are in high school. The adults have a much lower rate of education than the nation as a whole –17 percent have at least a bachelor's degree.

Some last thoughts about the residents of Niagara Falls. The population has an about average than usual population of people who served in our armed forces. It also features a very high number of residents who were born in the state. This is a well-settled population with a higher than usual portion of the residents having lived here at least 15 years. About 10 percent of residents moved here in the last year according to the most recent data. Of those, 7 percent moved from within the same county, 2.8 percent moved from a different county within New York, 0.6 percent moved from a different state, and just 0.1 percent moved from abroad.

We hope that gives you a quick overview of housing and real estate in Niagara Falls, New York.

 

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