Housing
Home prices and rent in Niagara Falls
Median home values, rents and incomes from the U.S. Census Bureau, compared with New York and the U.S.
Census geography: Niagara Falls city, New York. These survey estimates are not current listing prices.
Niagara Falls vs. New York and the U.S.
| Niagara Falls | New York | U.S. | |
|---|---|---|---|
| Median home value | $115,300 | $423,800 | $332,700 |
| Median rent (monthly) | $823 | $1,621 | $1,413 |
| Median household income | $49,101 | $85,974 | $80,734 |
| Homes owned by occupants | 59% | 54% | 65% |
| Median year built | 1949 | 1959 | 1980 |
Ten years of change
| 2014 | 2019 | 2024 | |
|---|---|---|---|
| Median home value | $67,600 | $77,400 | $115,300 |
| Median rent (monthly) | $637 | $665 | $823 |
| Median household income | $33,009 | $36,346 | $49,101 |
Fair Market Rents (HUD, fiscal year 2027)
Buffalo-Cheektowaga, NY MSA · Niagara County. HUD's payment benchmarks for housing programs: typical gross rent (rent plus utilities) for a recent mover, not a listing or an asking rent.
Large figures are the metro-area Fair Market Rent; green figures are the range across 4 Niagara Falls ZIP codes, where HUD sets Small Area Fair Market Rents.
Income limits (HUD, fiscal year 2026)
Area median family income: $101,500. Households at or under these incomes can qualify for many housing programs; check each program's own rules.
| Household size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Low income (80%) | $56,850 | $65,000 | $73,100 | $81,200 | $87,700 | $94,200 | $100,700 | $107,200 |
| Very low income (50%) | $35,550 | $40,600 | $45,700 | $50,750 | $54,850 | $58,900 | $62,950 | $67,000 |
| Extremely low income (30%) | $21,350 | $24,400 | $27,450 | $33,000 | $38,680 | $44,360 | $50,040 | $55,720 |
Source: U.S. Department of Housing and Urban Development, Fair Market Rents and Income Limits, checked October 9, 2026.
Questions
What is the median home value in Niagara Falls?
$115,300, according to the Census Bureau’s 2024 American Community Survey (5-year estimates), compared with $423,800 in New York and $332,700 nationally.
How much is rent in Niagara Falls?
Median gross rent (rent plus utilities) is $823 a month, versus $1,621 statewide.
How much have home values risen in Niagara Falls?
The median home value went from $67,600 in 2014 to $115,300 in 2024 (+71%).
What is fair market rent in Niagara Falls?
HUD's fiscal year 2027 Fair Market Rent for the Buffalo-Cheektowaga, NY MSA is $1,178 for a studio, $1,203 for one bedroom and $1,423 for two bedrooms; across Niagara Falls's ZIP codes, two-bedroom values run $1,080 to $1,330. These are HUD program benchmarks, not asking rents.
Are these current market prices?
No. They are survey medians from the Census Bureau, based on a five-year survey period, so they lag today’s listings. They are the most consistent way to compare places and track change over time.
U.S. Census Bureau, American Community Survey 5-year estimates (2014, 2019, 2024), Niagara Falls city, New York. Values are estimates with margins of error.