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 a population of 30,235, 13,643 total housing units (homes and apartments), and a median house value of $210,389, 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 68.26% 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 ( 17.27%), large apartment complexes or high rise apartments ( 13.38%), and a few row houses and other attached homes ( 1.01%).
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 69.72% of North Tonawanda's homes, and 60.85% 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 45.30% of the city's housing hails from this era. Other housing ages represented in North Tonawanda include homes built before 1939 ( 28.55%) and housing constructed between 1970-1999 ( 23.05%). There's also some housing in North Tonawanda built between 2000 and later ( 3.09%).
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 97.31%, which ranks in the top 40% nationwide. This equates to an annual average North Tonawanda house appreciation rate of 7.03%.
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 4.06%, 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 2.79%, which equates to an annual appreciation rate of 11.65%.
Relative to New York, our data show that North Tonawanda's latest annual appreciation rate is lower 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.
$210,389
for New york
for nation
13,643
$1,486 / per month