Depew, New York.
Typical home $270,684 (+3.7% in a year), asking rent $1,696 (+13.6%). Buffalo-Cheektowaga, NY metro.
to buy the typical home at today's mortgage rate — +$842 (+146%) since Jan 2020.
- 1 year
- Up $9,624 +4%
- $261,060$270,684 since Sep 2025
- 5 years
- Up $71,524 +36%
- $199,160$270,684 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Depew$1,421
- New York$2,755
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Depew, NY rose 3.7% over the past year — faster than the nation's +1.2%.
Asking rents in Depew, NY rose 13.6% over the past year — faster than the nation's +2.7%.
Owning the typical home in Depew runs $461/mo more than renting one. The gap peaked at $537 in Jul 2025.
That is $2,156 a month against $1,696 rent: a $1,421 mortgage payment, plus $446 property tax and $290 insurance & upkeep.
Owning vs renting — Depew
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,156
- Renting$1,696
- Mortgage only$1,421
Property tax · $446/mo 1.98% of value a year — the ACS 2020-2024 median bill over the median home value for Erie County, NY
Insurance & upkeep · $290/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Depew, Erie County, New York
Depew is a village of 15,178 people in Erie County. Half its households earn more than $73,556 a year and half less, against $72,839 across Erie County; 9% of its people live below the poverty line. 76% of its homes are lived in by their owners and 24% are rented. Unemployment in Erie County was 4.4% in August 2026, and the county had 0.3% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Depew is a village in Erie County, in the Buffalo area, and most homes here are lived in by their owners. Household incomes run slightly above the county's, and fewer residents live below the poverty line than in many places. The typical resident is middle-aged, and a four-year degree is held by a minority of adults. Winters are cold and very snowy, with January the coldest month, while July brings warm days and the year is fairly wet.
Work. Residents work mostly in schools, hospitals and social care, followed by shops, manufacturing, and professional and business services. Among the largest workplaces in Depew are PCB Piezotronics, which makes electronic connectors and sensors, Wegmans Food Markets, and the Depew Union Free School District. The commute is fairly short, and a modest share of people work from home. Across Erie County, jobs slipped a little last year and unemployment is close to where it stood a year earlier.
Things to do. A short drive away are the Buffalo AKG Art Museum, the Buffalo Zoo, and the naval museum ships USS The Sullivans and USS Croaker along the Buffalo River. A longer drive leads to Niagara Falls, the waterfall on the Niagara River that is among the best known in the world.
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- 6,672households
- 25%of adults have a degree
- 9%below the poverty line
- 19 mintypical commute
- 9%work from home
What residents work in
Employed residents by industry, from the Census survey. Erie County had 464,902 jobs in 2025, 0.3% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 32° and lows near 19°; warmest in July, with highs near 80° and lows near 63°. About 95 inches of snow and 41 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Buffalo weather station, 3 miles away (NOAA).
Largest workplaces in Depew
- PCB Piezotronics HQ MainConnectors, electronic, manufacturing512
- Wegmans Food MarketsRetail supermarkets430
- Depew Union Free School DistrictSchool district322FTE
- AffinityFrozen food and freezer meal plan providers, direct selling163
- Ametek, IncSurgical and medical instruments and apparatus155
- PCB Piezotronics - PMCConnectors, electronic, manufacturing148
- Tops MarketsGrocery stores148
- SefarApparel trimmings merchant wholesalers114
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 20 workplaces with 20 or more staff, 2,417 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- Winter weatherrelatively high in parts of DepewRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Depew’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Erie County and the Buffalo-Cheektowaga, NY metro.
Depew home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Depew$270,684
- New York$524,942
- United States$366,157
Sellers are cutting prices on about 1 in 5 Depew listings, and the typical home goes pending in 12 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Depew21.97%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Depew12
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Depew55
New listings per month
Sellers arriving at the market.
- Depew27
Median sale price
What buyers actually paid — closed sales, not asking prices.
Not enough data to draw this yet.
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
Not enough data to draw this yet.
Zip codes with a Depew address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Depew — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.