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 about Scout's Real Estate Data
With 14,991 people, 6,876 houses or apartments, and a median cost of homes of $201,314, house prices in Tonawanda are solidly below the national average.
Single-family detached homes are the single most common housing type in Tonawanda, accounting for 73.97% of the city's housing units. Other types of housing that are prevalent in Tonawanda include duplexes, homes converted to apartments or other small apartment buildings ( 12.78%), large apartment complexes or high rise apartments ( 9.79%), and a few mobile homes or trailers ( 2.58%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tonawanda. Owner-occupied housing accounts for 72.92% of Tonawanda's homes, and 56.67% 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. Tonawanda's housing was primarily built during this period, from the '40s through the '60s. A full 54.62% of the city's housing hails from this era. Other housing ages represented in Tonawanda include homes built before 1939 ( 37.21%) and housing constructed between 1970-1999 ( 7.53%).
Appreciation rates for homes in 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 104.68%, which ranks in the top 30% nationwide. This equates to an annual average Tonawanda house appreciation rate of 7.43%.
Appreciation rates are so strong in Tonawanda that despite a nationwide downturn in the housing market, Tonawanda real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tonawanda appreciation rates continue to be some of the highest in America, at 7.14%, which is higher than appreciation rates in 75.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tonawanda. Tonawanda 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 Tonawanda's latest annual appreciation rate is lower than 60% 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 Tonawanda differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in 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 Tonawanda real estate investment or home purchase decisions.
$201,314
for New york
for nation
6,876
$1,159 / per month