Niagara Falls, NY Real Estate
According to census data in the year 2000 there were 27,836 housing units in Niagara Falls.
This represents a 2.8% decline from 28,635 in 1990.
Of those housing units, 27,836 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Niagara Falls is about 57.7%.
Niagara Falls's vacancy rate, including seasonal lodging, is about 13.4%.
Average household size is 2.28 people.
The majority of houses, apartments or condos in Niagara Falls were built after 1947.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.20% |
| One Bedroom | 14.30% |
| Two Bedrooms | 32.40% |
| Three Bedrooms | 38% |
| Four Bedrooms | 10.60% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1945 |
| Median Value of occupied units | $60,800 |
| Median Price asked for vacant units | $46,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.03 |
| Median year structure was built | 1949 |
| Median Monthly Rent asked for vacant units | $348 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 4.20% |
| Home Equity Loan | 8.40% |
| Simple Mortgage | 41.50% |
| Debt Free | 45.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18% |
