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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 30,785 people, 13,718 houses or apartments, and a median cost of homes of $124,419, 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 65.81% 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 ( 18.61%), large apartment complexes or high rise apartments ( 14.47%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Tonawanda. Owner-occupied housing accounts for 67.30% of North Tonawanda's homes, and 56.74% 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 47.85% of the city's housing hails from this era. Other housing ages represented in North Tonawanda include homes built before 1939 ( 28.12%) and housing constructed between 1970-1999 ( 21.41%). There's also some housing in North Tonawanda built between 2000 and later ( 2.63%).
In the last 10 years, North Tonawanda has experienced some of the highest home appreciation rates of any community in the nation. North Tonawanda real estate appreciated 15.55% over the last ten years, which is an average annual home appreciation rate of 1.46%, putting North Tonawanda in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, North Tonawanda definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
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 6.15%, which is higher than appreciation rates in 75.32% 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 -0.40%, which equates to an annual appreciation rate of -1.57%.
Relative to New York, our data show that North Tonawanda's latest annual appreciation rate is higher than 80% 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 2000, to assist you in making the best North Tonawanda real estate investment or home purchase decisions.
|$828,001 - $1,104,000||0.1|
|$552,001 - $828,000||0.5|
|$442,001 - $552,000||0.0|
|$331,001 - $442,000||0.5|
|$221,001 - $331,000||4.4|
|$110,001 - $221,000||48.9|
|$55,001 - $110,000||42.3|
|$0 - $55,000||3.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF North Tonawanda HOMES|
|2000 or Newer||2.6|
|1970 - 1999||21.4|
|1940 - 1969||47.8|
|1939 or Older||28.1|
|TYPE OF North Tonawanda HOMES|
|Small Apt. Buildings||18.6|
|SIZE OF North Tonawanda HOMES|
|5 or more bedrooms||2.75|