Tonawanda, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Tonawanda Neighborhoods Since 2000




Tonawanda, NY Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Tonawanda Housing Market Information

With a population of 14,907, 6,852 total housing units (homes and apartments), and a median house value of $107,795, 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 69.66% 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 ( 21.76%), large apartment complexes or high rise apartments ( 5.82%), and a few row houses and other attached homes ( 2.76%).

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 72.18% of Tonawanda's homes, and 60.91% 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 50.50% of the city's housing hails from this era. Other housing ages represented in Tonawanda include homes built before 1939 ( 39.30%) and housing constructed between 1970-1999 ( 9.30%).

Tonawanda Home Appreciation Rates

In the last 10 years, Tonawanda has experienced some of the highest home appreciation rates of any community in the nation. Tonawanda real estate appreciated 19.57% over the last ten years, which is an average annual home appreciation rate of 1.80%, putting Tonawanda in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tonawanda definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Tonawanda appreciation rates have trailed the rest of the nation. In the last twelve months, Tonawanda's appreciation rate has been 2.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tonawanda were at -0.40%, which equates to an annual appreciation rate of -1.57%.

Relative to New York, our data show that Tonawanda's latest annual appreciation rate is higher 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 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.

Average Home Values

 

Median Home Value:
$107,795

Tonawanda, NY HOME PRICES

Value Range
> $1,104,000 0.2
$828,001 - $1,104,000 0.1
$552,001 - $828,000 0.1
$441,001 - $552,000 0.2
$331,001 - $441,000 0.4
$221,001 - $331,000 3.2
$110,001 - $221,000 34.3
$55,001 - $110,000 55.9
$0 - $55,000 5.6

Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
72.6825266611977 78.675645342312

Number Of Homes And Apartments:
6,852

Tonawanda Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
45.73% 2.21% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$819 / per month

Homeownership Rate

Homeownership
Owners 72.18
Renters 27.82
Vacant 6.81

Housing Market Details

 

Age of Homes

AGE OF Tonawanda HOMES
2000 or Newer 0.9
1970 - 1999 9.3
1940 - 1969 50.5
1939 or Older 39.3

Types of Homes

TYPE OF Tonawanda HOMES
Single-Family 69.7
Townhomes 2.8
Small Apt. Buildings 21.8
Apt. Complexes 5.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Tonawanda HOMES
No Bedroom 0.14
1 Bedroom 12.21
2 Bedrooms 24.06
3 Bedrooms 50.14
4 Bedrooms 10.77
5 or more bedrooms 2.68