North Tonawanda appreciation rates and housing market information

North Tonawanda housing market information

With 33,262 people, 14,425 houses or apartments, and a median cost of homes of $138,901, house prices in North Tonawanda are solidly below the national average.

single-family detached homes are the single most common housing type in North Tonawanda, accounting for 65.84% of the city's housing units. Other types of housing that are prevalent in North Tonawanda include duplexes, homes converted to apartments, or other small apartment buildings (21.59%), large apartment complexes or high rise apartments (11.39%), and a few row houses and other attached homes (1.09%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in North Tonawanda. Owner-occupied housing accounts for 65.11% of North Tonawanda's homes, and 57.47% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. North Tonawanda's housing was primarily built during this period, from the '40s through the '60s. A full 47.00% of the city's housing hails from this era. Other housing ages represented in North Tonawanda include homes built between 1939 and earlier (30.11%), and housing constructed from 1970-1994 (21.55%). There's also some housing in North Tonawanda built between 1995 and later (1.34%).

North Tonawanda home appreciation rates

North Tonawanda's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in North Tonawanda during the period has been just 5.09%, which is lower than % of US communities.

Appreciation rates are so strong in North Tonawanda that despite a nationwide downturn in the housing market, North Tonawanda real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Tonawanda appreciation rates continue to be some of the highest in America, at 4.08%, which is higher than appreciation rates in 84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Tonawanda. North Tonawanda appreciation rates in the latest quarter were at 2.54%, which equates to an annual appreciation rate of 10.16%.

Importantly, this makes North Tonawanda one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to New York, our data show that North Tonawanda's latest annual appreciation rate is higher than 86% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within North Tonawanda differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North Tonawanda - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best North Tonawanda real estate investment or home purchase decisions.