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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lockport, NY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lockport, NY Housing Market Trends

With 20,602 people, 9,220 houses or apartments, and a median cost of homes of $170,311, house prices in Lockport are solidly below the national average.

Single-family detached homes are the single most common housing type in Lockport, accounting for 57.96% of the city's housing units. Other types of housing that are prevalent in Lockport include duplexes, homes converted to apartments or other small apartment buildings ( 23.64%), large apartment complexes or high rise apartments ( 16.12%), and a few row houses and other attached homes ( 1.59%).

The most prevalent building size and type in Lockport are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.35% owning and 44.65% renting.

The housing in Lockport was primarily built before 1939 ( 51.25%), making the housing stock in Lockport some of the oldest overall in America, although there is a range of ages of homes in Lockport. The next most important housing age is between 1940-1969 ( 25.69%), followed by between 1970-1999 ( 19.51%). There's also some housing in Lockport built between 2000 and later ( 3.55%).

Vacant housing appears to be an issue in Lockport. Fully 10.08% of the housing stock is classified as vacant. Left unchecked, vacant Lockport homes and apartments can be a drag on the real estate market, holding Lockport real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lockport Home Appreciation Rates

Appreciation rates for homes in Lockport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 87.06%, which ranks in the top 50% nationwide. This equates to an annual average Lockport house appreciation rate of 6.46%.

Appreciation rates are so strong in Lockport that despite a nationwide downturn in the housing market, Lockport real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lockport appreciation rates continue to be some of the highest in America, at 7.14%, which is higher than appreciation rates in 75.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lockport. Lockport appreciation rates in the latest quarter were at 1.32%, which equates to an annual appreciation rate of 5.37%.

Relative to New York, our data show that Lockport's latest annual appreciation rate is lower than 50% 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 Lockport differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lockport - 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 2000, to assist you in making the best Lockport real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$170,311

Lockport, NY Home Prices
> $1,300,000
$975,001 - $1,300,000
$650,001 - $975,000
$520,001 - $650,000
$390,001 - $520,000
$260,001 - $390,000
$130,001 - $260,000
$65,001 - $130,000
$0 - $65,000
0.3%
0.3%
0.3%
0.3%
1.4%
1.4%
1.1%
1.1%
1.9%
1.9%
7.9%
7.9%
46.0%
46.0%
34.3%
34.3%
6.8%
6.8%
0% 100.0%
% of Homes
Very Low

for New york

Low

for nation

Number of Homes And Apartments:

9,220

Lockport Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,437 / per month

Homeownership Rate

Owners
Renters
55.3%
55.3%
44.7%
44.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.1%
10.1%
89.9%
89.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.6%
3.6%
19.5%
19.5%
25.7%
25.7%
51.3%
51.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
58.0%
58.0%
1.6%
1.6%
23.6%
23.6%
16.1%
16.1%
0.7%
0.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.9%
1.9%
14.4%
14.4%
29.5%
29.5%
36.9%
36.9%
14.8%
14.8%
2.5%
2.5%
0% 100.0%
% of Homes