Median real estate price in the City Center of Niagara Falls is $62,461, which is less expensive than 97.2% of New York neighborhoods and 96.5% of all U.S. neighborhoods.
The average rental price in Niagara Falls City Center is currently $702, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 96.1% of New York neighborhoods.
Niagara Falls City Center is an urban neighborhood (based on population density) located in Niagara Falls, New York.
Real estate in the City Center of Niagara Falls, NY is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the City Center neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Niagara Falls City Center. The current real estate vacancy rate here is 29.8%. This is higher than the rate of vacancies in 94.1% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.