North Tonawanda, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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North Tonawanda, NY Real Estate Data


North Tonawanda Housing Market Information

With 30,785 people, 13,939 houses or apartments, and a median cost of homes of $118,187, 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 65.78% 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 ( 19.10%), large apartment complexes or high rise apartments ( 14.09%).

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 66.48% of North Tonawanda's homes, and 55.99% 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 45.90% of the city's housing hails from this era. Other housing ages represented in North Tonawanda include homes built before 1939 ( 29.40%) and housing constructed between 1970-1999 ( 21.69%). There's also some housing in North Tonawanda built between 2000 and later ( 3.01%).

North Tonawanda Home Appreciation Rates

Appreciation rates for homes in North Tonawanda have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.70%, which ranks in the top 30% nationwide. This equates to an annual average North Tonawanda house appreciation rate of 1.29%.

Over the last year, North Tonawanda appreciation rates have trailed the rest of the nation. In the last twelve months, North Tonawanda's appreciation rate has been 2.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Tonawanda were at 2.02%, which equates to an annual appreciation rate of 8.33%.

Relative to New York, our data show that North Tonawanda's latest annual appreciation rate is lower than 70% 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.

Average Home Values

 

Median Home Value:
$118,187

North Tonawanda, NY HOME PRICES

Value Range
> $1,120,000 0.2
$840,001 - $1,120,000 0.1
$560,001 - $840,000 0.3
$448,001 - $560,000 0.3
$336,001 - $448,000 0.5
$224,001 - $336,000 4.0
$112,001 - $224,000 47.4
$56,001 - $112,000 43.7
$0 - $56,000 3.5

Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
67.429876441998 74.2985409652076

Number Of Homes And Apartments:
13,939

Rent & Ownership

 

Average Market Rent:
$926 / per month

Homeownership Rate

Homeownership
Owners 66.48
Renters 33.52
Vacant 5.60

Housing Market Details

 

Age of Homes

AGE OF North Tonawanda HOMES
2000 or Newer 3.0
1970 - 1999 21.7
1940 - 1969 45.9
1939 or Older 29.4

Types of Homes

TYPE OF North Tonawanda HOMES
Single-Family 65.8
Townhomes 0.6
Small Apt. Buildings 19.1
Apt. Complexes 14.1
Mobile Homes 0.2
Other 0.2

Home Size

SIZE OF North Tonawanda HOMES
No Bedroom 2.15
1 Bedroom 10.63
2 Bedrooms 28.53
3 Bedrooms 43.84
4 Bedrooms 12.14
5 or more bedrooms 2.70

North Tonawanda Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
39.07% 1.96% 2 4
* 10 is highest