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.


Housing Size

Housing Units by Size
Studio Type2.20%
One Bedroom14.30%
Two Bedrooms32.40%
Three Bedrooms38%
Four Bedrooms10.60%
Five Bedrooms or more2.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.46
Median year structure was built1945
Median Value of occupied units$60,800
Median Price asked for vacant units$46,800

Rented Homes, Apartments and Condos

Average Household Size2.03
Median year structure was built1949
Median Monthly Rent asked for vacant units$348

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage4.20%
Home Equity Loan8.40%
Simple Mortgage41.50%
Debt Free45.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18%