In Depew, a typical home is worth $196,500 and typical rent is $1,061 a month. Compared with all of Erie County, the typical home value is 16% lower and the share of households that own their home is 11 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $199,160 to $270,684.
Typical rent
$1,696a month
▲ 13.6% more than 12 months ago
Typical rent from Zillow, March 2025 to September 2026: from $1,497 to $1,696.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Depew is in Erie County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Erie County. See the county
What this place has that others do not, from public data, most unusual first.
1
The typical home in Depew is worth $196,500,16% less than in Erie County as a whole ($233,800).
2
76% of households in Depew own their home, against 66% in Erie County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Depew
What homes there are in Depew, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Depew
Erie County
New York
United States
Kind of home: Depew and its comparisons
Measure
Depew
Erie County
New York
United States
Detached house
68%
59%
41%
61%
Attached house
2%
3%
6%
6%
Building of 2 to 4
23%
23%
17%
8%
Apartments (5 or more)
Unreliable estimate
13%
35%
19%
Mobile home
Unreliable estimate
2%
2%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Depew, 7 in 10 homes are single-family detached houses; in Erie County, 6.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Depew
Erie County
New York
United States
Year built: Depew and its comparisons
Measure
Depew
Erie County
New York
United States
Before 1960
47%
55%
52%
26%
1960–1979
43%
22%
22%
24%
1980–1999
9%
13%
14%
25%
2000–2009
1%
5%
6%
14%
2010 or later
Unreliable estimate
5%
6%
11%
Homes in Depew are newer: the typical year built is 1961; in Erie County, 1957.
There is more room for a big family here: 72% of homes have 3 bedrooms or more, against 64% in Erie County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K7%
$100K–$200K45%
$200K–$300K38%
$300K–$500K8%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Depew and its comparisons
Measure
Depew
Under $100K
7%
$100K–$200K
45%
$200K–$300K
38%
$300K–$500K
8%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
With an FHA limit of $541,287, at least 98% of owner-occupied homes in Depew sit below it: they are worth less than $500,000.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99942%
$1,000–$1,49935%
$1,500–$1,99912%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Depew and its comparisons
Measure
Depew
Under $500
Unreliable estimate
$500–$999
42%
$1,000–$1,499
35%
$1,500–$1,999
12%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
With a mortgage
$1,461 a month
Erie County: $1,619 a month
Without a mortgage
$669 a month
Erie County: $661 a month
Owners with a mortgage
60%
Erie County: 57%
The typical cost for an owner with a mortgage in Depew is $1,461 a month, less than in Erie County ($1,619); without one, $669.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Depew+64%
Erie County+52%
New York+35%
United States+53%
Typical rent
Depew+25%
Erie County+32%
New York+27%
United States+33%
Typical household income
Depew+26%
Erie County+25%
New York+26%
United States+29%
Change since 2015–2019: Depew and its comparisons
Measure
Depew
Erie County
New York
United States
Typical home value
+64%
+52%
+35%
+53%
Typical rent
+25%
+32%
+27%
+33%
Typical household income
+26%
+25%
+26%
+29%
The typical home value in Depew rose 64% since 2015–2019, more than in Erie County (52%).
Since 2015–2019, the typical rent in Depew rose 25%, less than in Erie County (32%).
To compare: typical income in Depew rose 26%; the home, +64%; the rent, +25%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Depew and its comparisons
Measure
Depew
Erie County
New York
United States
Rental vacancy
Unreliable estimate
3.8%
3.8%
5.5%
Homeowner vacancy
Unreliable estimate
0.6%
1.1%
0.9%
More than one person per room
Unreliable estimate
1.3%
5.3%
3.4%
People per household
2.23
2.26
2.49
2.53
Drive alone
79%
72%
49%
69%
Carpool
9%
8%
6%
9%
Public transit
Unreliable estimate
3%
22%
3%
Walk or bike
Unreliable estimate
3%
6%
3%
Work from home
9%
13%
15%
15%
Other means
Unreliable estimate
1%
2%
2%
Typical commute
10 to 19 minutes
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
A household in Depew has 2.23 people on average, about the same as in Erie County (2.26).
The car rules in Depew: 79% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.
Do the math
What would you pay each month for a home in Depew?
A typical home is tight for the typical income
We start with a typical home in Depew, worth $196,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in Depew, which is $73,556 a year. For that payment to be 28% of income, a household would need to earn about $82,760 a year.
The calculator's FHA and conventional loan limits are those of all of Erie County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Depew. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $6,878 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,931
at 7.18% · 30 years
Loan amount
$192,940
Total interest
$277,596
Paid off in
November 2056
Includes $3,318 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,716 a month
Tight
$1,716 to $2,207 a month
Your payment · 32%
Hard
more than $2,207 a month
Compared with the typical household income in Depew ($73,556 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,307
Property tax
$455
Home insurance
$82
FHA mortgage insurance (MIP)
$87
You need at least $6,878 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,931; principal and interest $1,307.
The city and its county
Depew and Erie County
Depew is in Erie County, New York. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Depew
Map of Erie County, New York, with Depew marked. Around it, the neighboring counties.
Depew
Erie County
Other cities with a page
Depew's own numbers
Typical home value
$196,500
Typical monthly rent
$1,061
Typical yearly household income
$73,556
Households that own their home
76%
Effective property tax rate
2.78%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Erie County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,423
Price change over 5 years (FHFA)
+58%
Homes in a high flood-risk zone
1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Erie County.
A typical home in Depew is worth $196,500: 16% below the county and 54% below New York. With the typical household income in Depew ($73,556 a year), a typical home costs 2.7 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Depew2.7 years
Erie3.2 years
New York4.9 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Erie County
According to FHFA’s house price index, home prices in Erie County rose 104% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Erie County.
Yearly change in FHFA’s price index in Erie County, 2016 to 2025
2016: +4.5% +4.5% 2016
2017: +5.7% +5.7% 2017
2018: +6.6% +6.6% 2018
2019: +4.8% +4.8% 2019
2020: +5.1% +5.1% 2020
2021: +12.3% +12.3% 2021
2022: +14.5% +14.5% 2022
2023: +8.6% +8.6% 2023
2024: +6.2% +6.2% 2024
2025: +6.2% +6.2% 2025
Change in FHFA’s price index in Erie County, New York and the United States
Period
County
New York
U.S.
Last year (2025)
+6.2%
+6.0%
+2.9%
5 years (2020–2025)
+58%
+52%
+47%
10 years (2015–2025)
+104%
+86%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Depew next to Erie County, New York and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Depew$196,500
Erie$233,800
New York$423,800
United States$332,700
Typical monthly rent
Depew$1,061
Erie$1,090
New York$1,621
United States$1,413
Typical yearly household income
Depew$73,556
Erie$72,839
New York$85,974
United States$80,734
See the full table
Depew next to Erie County and New York
Measure
Depew
Erie County
New York
U.S.
Typical home value
$196,500 ▼16% below the county
$233,800
$423,800
$332,700
Typical monthly rent
$1,061 ▼3% below the county
$1,090
$1,621
$1,413
Typical yearly household income
$73,556
$72,839
$85,974
$80,734
Households that own their home
76% ▲11 points above the county
66%
54%
65%
Typical yearly property tax
$5,458 ▲18% above the county
$4,622
$6,582
$3,119
Effective property tax rate
2.78% ▲0.8 points above the county
1.98%
1.55%
0.94%
Renters with high rent for their income
55% ▲4 points above the county
50%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Erie County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Depew
For a typical $196,500 home in Depew, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Depew's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,931a month
Least cash to close
Down payment
$6,878
Cash to close
$12,773
Rate
7.18%
Mortgage insurance
FHA MIP · $87
Conventional, 5% down$1,895a month
Down payment
$9,825
Cash to close
$15,720
Rate
7.18%
Mortgage insurance
PMI · $93
Conventional, 20% down, no PMI$1,602a month
Down payment
$39,300
Cash to close
$45,195
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,784a month
Down payment
$29,475
Cash to close
$35,370
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Depew
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,931
$6,878
$192,941
7.18%
FHA MIP · $87
$12,773
580
Conventional, 5% down
$1,895
$9,825
$186,675
7.18%
PMI · $93
$15,720
620*
Conventional, 20% down, no PMI
$1,602
$39,300
$157,200
7.18%
None
$45,195
620*
ITIN, 15% down (example)
$1,784
$29,475
$167,025
8.18%
None
$35,370
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Depew is $1,061 a month: 3% below the county. In Depew, 55% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Erie County, by unit size. To pay the 2-bedroom one ($1,423 a month) without spending more than 30% of your income, you would need to earn $27.37 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Erie County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,178
$22.65
$47,120
1 bedroom
$1,203
$23.13
$48,120
2 bedrooms
$1,423
$27.37
$56,920
3 bedrooms
$1,732
$33.31
$69,280
4 bedrooms
$1,977
$38.02
$79,080
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Depew
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Depew is in ZIP code 14043.
For 2 bedrooms it is $1,430: $7 more than the fair market rent for Erie County ($1,423).
Fair market rent by ZIP code and size in Depew, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
14043
$1,180
$1,210
$1,430
$1,740
$1,990
ZIP code2 bd3 bd
14043 $1,430$1,740
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Depew when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 5 HUD-approved agencies with an office in Erie County; 2 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Depew or Erie County. The ones below are statewide in New York: they work in Depew the same as in the rest of the state.
SONYMA second loan with no interest, forgiven after ten years, for the down payment with a SONYMA mortgage in New York.Offered by State of New York Mortgage Agency (SONYMA).
SONYMA mortgage at a very low fixed rate for low-income first-time buyers in New York, with a minimal down payment.Offered by State of New York Mortgage Agency (SONYMA).
No legal help resource on our list is for Depew or Erie County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Depew and all of Erie County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Depew?
The typical home value in Depew is $196,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Erie County it is $233,800.
How much does it cost to rent in Depew?
Typical rent in Depew is $1,061 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Erie County is $1,423.
What is the FHA loan limit in Depew?
Depew uses the FHA limit for all of Erie County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Depew?
The typical homeowner in Depew pays $5,458 a year, according to the U.S. Census Bureau. That is 2.78% of the home’s value; in Erie County, the rate is 1.98%.
Where can I find free help to buy or rent in Depew?
There are 5 HUD-approved counseling agencies with an office in Erie County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
