Niagara Falls, New York.
Typical home $172,546 (+4.2% in a year), asking rent $1,180 (+5.9%). Buffalo-Cheektowaga, NY metro.
to buy the typical home at today's mortgage rate — +$539 (+147%) since Jan 2020.
- 1 year
- Up $6,877 +4%
- $165,669$172,546 since Sep 2025
- 5 years
- Up $42,254 +32%
- $130,293$172,546 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.
- Niagara Falls$906
- New York$2,755
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Niagara Falls, NY rose 4.2% over the past year — faster than the nation's +1.2%.
Asking rents in Niagara Falls, NY rose 5.9% over the past year — faster than the nation's +2.7%.
Owning the typical home in Niagara Falls runs $225/mo more than renting one. The gap peaked at $262 in Oct 2023.
That is $1,405 a month against $1,180 rent: a $906 mortgage payment, plus $315 property tax and $185 insurance & upkeep.
Owning vs renting — Niagara Falls
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$1,405
- Renting$1,180
- Mortgage only$906
Property tax · $315/mo 2.19% of value a year — the ACS 2020-2024 median bill over the median home value for Niagara County, NY
Insurance & upkeep · $185/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 Niagara Falls, Niagara County, New York
Niagara Falls is a city of 48,671 people in Niagara County. Half its households earn more than $49,101 a year and half less, against $69,633 across Niagara County; 24% of its people live below the poverty line. 58% of its homes are lived in by their owners and 42% are rented. Unemployment in Niagara Falls was 5.5% in August 2026, and Niagara County had 0.8% more 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. Niagara Falls is a small city on the Niagara River, best known for the waterfalls that share its name. Residents here are a little older than the typical American, and incomes run well below the county's, with more people living in poverty than is usual. Most households own their homes, though plenty rent. Winters are cold and very snowy, with highs a little above freezing in January, while July is warm. Rain and melted snow add up to a fair amount over the year.
Work. Many residents work in schools, hospitals and social care, in shops, in manufacturing, and in restaurants, hotels and entertainment. Among the largest workplaces in the city are Niagara Falls Memorial Medical Center, the Niagara Falls City School District and Olin Corporation's Niagara Falls Operations. Fewer adults hold a four-year degree than across much of the country, and most people have a short commute, with few working from home. Unemployment has stayed close to where it was a year earlier, and jobs across the county have edged up.
Things to do. The main draw sits in or beside town: Niagara Falls State Park, a protected area along the river, with American Falls and Bridal Veil Falls close by. The Maid of the Mist, a tourist attraction, also departs from in or beside town, and Horseshoe Falls is a short drive away. For a longer outing, the Buffalo AKG Art Museum is a longer drive away.
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- 22,730households
- 23%of adults have a degree
- 24%below the poverty line
- 19 mintypical commute
- 7%work from home
What residents work in
Employed residents by industry, from the Census survey. Niagara County had 68,617 jobs in 2025, 0.8% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 33° and lows near 19°; warmest in July, with highs near 82° and lows near 63°. About 72 inches of snow and 35 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Niagara Falls weather station, 2 miles away (NOAA).
Largest workplaces in Niagara Falls
- Niagara Falls City School DistrictSchool district1,223FTE
- Niagara Falls Memorial Medical CenteGeneral hospital779FTE
- WalmartWarehouse clubs and supercenters429
- TargetDiscount department stores185
- Delaware North CompaniesNature parks and other similar institutions179
- Greenpac MillPaperboard mills171
- Sam's ClubWarehouse clubs and supercenters163
- Sevenson Environmental ServicesEnvironmental remediation services115
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 24 workplaces with 20 or more staff, 2,376 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); 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
FEMA rates every natural hazard here relatively low or very low.
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Niagara Falls’ census tracts, against the rest of the country; all of them together, very 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 Niagara County and the Buffalo-Cheektowaga, NY metro.
Niagara Falls home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Niagara Falls$172,546
- New York$524,942
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Niagara Falls listings, and the typical home goes pending in 18 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.
- Niagara Falls25.29%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Niagara Falls18
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Niagara Falls256
New listings per month
Sellers arriving at the market.
- Niagara Falls85
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Niagara Falls$167,030
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Niagara Falls105.55%
Zip codes with a Niagara Falls address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Niagara Falls — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Niagara Falls
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 14304 | Niagara Falls | 29,208 | $1,304 | $208,356 |
| 14305 | Niagara Falls | 16,696 | $1,271 | $153,766 |
| 14301 | Niagara Falls | 10,923 | $1,140 | $115,245 |
| 14303 | Niagara Falls | 6,156 | $1,082 | $111,232 |