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City · 47,987 residents · Niagara County, New York

Niagara Falls , New York

In Niagara Falls, a typical home is worth $115,300 and typical rent is $823 a month. Compared with all of Niagara County, the typical home value is 39% lower, typical household income is 29% lower, and the share of households that own their home is 13 points lower.

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  • Typical home value

    $115,300

    39% below the county

    73% below New York

    • Niagara Falls
    • Niagara
    • New York

  • Typical rent

    $823a month

    8% below the county

    49% below New York

    • Niagara Falls
    • Niagara
    • New York

  • Typical household income

    $49,101a year

    29% below the county

    43% below New York

    • Niagara Falls
    • Niagara
    • New York

  • Households that own their home

    58%

    13 points below the county

    4 points above New York

    • Niagara Falls
    • Niagara
    • New York

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$172,546
4.2% more than 12 months ago
Typical rent
$1,180 a month
5.9% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Niagara Falls is in Niagara 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 Niagara County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Niagara Falls apart

What this place has that others do not, from public data, most unusual first.

  1. Niagara Falls has the 12th lowest typical rent of the 333 cities in New York with more than 5,000 people ($823).

  2. The typical home in Niagara Falls is worth $115,300, 39% less than in Niagara County as a whole ($189,800).

  3. The typical household income in Niagara Falls is $49,101, 29% less than in Niagara County as a whole ($69,633).

  4. 58% of households in Niagara Falls own their home, against 71% in Niagara County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Niagara Falls

What homes there are in Niagara Falls, 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 houses are the majority in Niagara Falls (60%), but less so than in Niagara County (68%).

Year built

The typical home in Niagara Falls was built in 1949, 9 years before the typical one in Niagara County.

In Niagara Falls, 13% of homes have 1 bedroom or none (studios); 57% have 3 bedrooms or more, against 64% in Niagara County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

With an FHA limit of $541,287, at least 96% of owner-occupied homes in Niagara Falls sit below it: they are worth less than $500,000.

Monthly rent with utilities

By rent, most homes in Niagara Falls cost less than HUD's 2-bedroom fair market rent ($1,423): about 86%.

With a mortgage

$1,112 a month

Niagara County: $1,533 a month

Without a mortgage

$533 a month

Niagara County: $645 a month

Owners with a mortgage

50%

Niagara County: 54%

In Niagara Falls, 50% of owners have a mortgage, and their typical cost is $1,112 a month, against $1,533 in Niagara County. Without one it drops to $533.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Niagara County, the typical home value in Niagara Falls rose 49% since 2015–2019.

The typical rent in Niagara Falls rose 24% over the same time; in Niagara County, it rose 28%.

While home values in Niagara Falls changed +49% and rent +24%, the typical household income rose 35%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureNiagara FallsNiagara CountyNew YorkUnited States
Rental vacancy 4.6%4.3%3.8%5.5%
Homeowner vacancy Unreliable estimate0.8%1.1%0.9%
More than one person per room 1.2%1.2%5.3%3.4%
People per household 2.092.242.492.53
Drive alone 74%77%49%69%
Carpool 9%7%6%9%
Public transit 3%1%22%3%
Walk or bike 5%3%6%3%
Work from home 7%11%15%15%
Other means 2%1%2%2%
Typical commute 10 to 19 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Much as in Niagara County, the rental vacancy rate in Niagara Falls is 4.6%.

More than one person per room: that is how 1.2% of households in Niagara Falls live, near the figure in Niagara County (1.2%).

On average, a household in Niagara Falls has 2.09 people, fewer than in Niagara County (2.24).

To get to work, 74% of workers in Niagara Falls drive alone; in Niagara County, 77%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Niagara Falls?

A typical home is within reach of the typical income

We start with a typical home in Niagara Falls, worth $115,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 27% of the typical household income in Niagara Falls, which is $49,101 a year.

The calculator's FHA and conventional loan limits are those of all of Niagara County.

Your numbers

Local data
$

Starts at the typical home value in Niagara Falls. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $4,036 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,099

at 7.18% · 30 years

Loan amount
$113,211
Total interest
$162,884
Paid off in
November 2056

Includes $1,947 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,146 a month

    Your payment · 27%

  • Tight

    $1,146 to $1,473 a month

  • Hard

    more than $1,473 a month

Compared with the typical household income in Niagara Falls ($49,101 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,099
Principal & interest$767
Property tax$233
Home insurance$48
FHA mortgage insurance (MIP)$51

You need at least $4,036 for the down payment, plus closing costs.

Next step

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.

The city and its county

Niagara Falls and Niagara County

Niagara Falls is in Niagara 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).

Niagara Falls's own numbers

Typical home value
$115,300
Typical monthly rent
$823
Typical yearly household income
$49,101
Households that own their home
58%
Effective property tax rate
2.42%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Niagara 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)
+59%
Homes in a high flood-risk zone
2.3%

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 Niagara County.

Everything about Niagara County

Buying

Buying a home in Niagara Falls

A typical home in Niagara Falls is worth $115,300: 39% below the county and 73% below New York. With the typical household income in Niagara Falls ($49,101 a year), a typical home costs 2.3 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.

  • Niagara Falls 2.3 years
  • Niagara 2.7 years
  • New York 4.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Niagara County

According to FHFA’s house price index, home prices in Niagara County rose 107% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Niagara County.

Period County New York U.S.
Last year (2025) +6.6% +6.0% +2.9%
5 years (2020–2025) +59% +52% +47%
10 years (2015–2025) +107% +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

Niagara Falls next to Niagara 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
  • Niagara Falls $115,300
  • Niagara $189,800
  • New York $423,800
  • United States $332,700
Typical monthly rent
  • Niagara Falls $823
  • Niagara $899
  • New York $1,621
  • United States $1,413
Typical yearly household income
  • Niagara Falls $49,101
  • Niagara $69,633
  • New York $85,974
  • United States $80,734
See the full table
Niagara Falls next to Niagara County and New York
Measure Niagara Falls Niagara County New York U.S.
Typical home value $115,300 $189,800 $423,800 $332,700
Typical monthly rent $823 $899 $1,621 $1,413
Typical yearly household income $49,101 $69,633 $85,974 $80,734
Households that own their home 58% 71% 54% 65%
Typical yearly property tax $2,786 $4,155 $6,582 $3,119
Effective property tax rate 2.42% 2.19% 1.55% 0.94%
Renters with high rent for their income 58% 49% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Niagara 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 Niagara Falls

For a typical $115,300 home in Niagara Falls, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Niagara Falls's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,098a month

    Least cash to close
    Down payment
    $4,036
    Cash to close
    $7,495
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $51

  • Conventional, 5% down $1,077a month

    Down payment
    $5,765
    Cash to close
    $9,224
    Rate
    7.18%
    Mortgage insurance
    PMI · $55

  • Conventional, 20% down, no PMI $905a month

    Down payment
    $23,060
    Cash to close
    $26,519
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,012a month

    Down payment
    $17,295
    Cash to close
    $20,754
    Rate
    8.18%
    Mortgage insurance
    None

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.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Niagara Falls and for Niagara County.

Property tax

Effective rate in Niagara Falls

2.42%of the home’s value each year

$2,786 a year for the typical owner in Niagara Falls.

  • Niagara Falls 2.42%
  • Niagara 2.19%
  • New York 1.55%

What New York publishes Basic STAR school tax relief (New York State Department of Taxation and Finance)

Exemptions and deadlines in New York

Flood risk in Niagara County

FEMA does not publish these numbers by city: they are for all of Niagara County.

Homes in the high-risk zone
2.3%
1,834
Of those, with NFIP insurance
20%
County New York U.S.
Homes in the high-risk zone 2.3% 2% 3.5%
Of those, with NFIP insurance 20% 76% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Niagara Falls

Typical rent in Niagara Falls is $823 a month: 8% below the county. In Niagara Falls, 58% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Niagara 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.

HUD fair market rent for all of Niagara County

What you need to earn to pay it without spending more than 30% of income, working full time.

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 Niagara Falls

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Niagara Falls has 5 ZIP codes with their own.

For 2 bedrooms it runs from $1,080 in 14301 to $1,330 in 14305.

None is above the fair market rent for Niagara County ($1,423).

  • 14301 $1,080$1,310
  • 14302 $1,080$1,310
  • 14303 $1,170$1,420
  • 14304 $1,270$1,550
  • 14305 $1,330$1,620

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Niagara Falls 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 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Niagara Falls

HUD lists 28 buildings with rents for lower incomes in Niagara Falls. These are the largest.

  • Wrobel Towers 800 Niagara Ave, Niagara Falls 14305 250 homes, 247 low-income · Run by Niagara Falls Housing Authority · Average payment: $384 a month · Average wait: 8 months (716) 285-6961
  • Unity Park Phase I 2 Apple Walk, Niagara Falls 14305 204 low-income homes · Studio: 20 · 1 bd: 40 · 2 bd: 76 · 3 bd: 51 · 4 bd: 17 · In service since 1995 · For families
  • Niagara Towner 901 Cedar Ave, Niagara Falls 14301 201 homes, 200 low-income · 1 bd: 200 · In service since 2007 · For older adults, people with disabilities (716) 284-4488
  • Spallino Towers 720 10th St, Niagara Falls 14301 196 homes, 181 low-income · Run by Niagara Falls Housing Authority · Average payment: $399 a month · Average wait: 7 months (716) 285-6961
  • Packard Courts & PC Community Center 2A Packard Ct, Niagara Falls 14301 166 low-income homes · Run by Niagara Falls Housing Authority · Average payment: $382 a month · Average wait: 57 months (716) 285-6961

See all 55 buildings in Niagara County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Niagara Falls

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.

We found no HUD-approved agencies with an office in Niagara County. The nearest ones are below; many serve by phone or online.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Niagara Falls

No down payment, repair or rent-help program on our list is for Niagara Falls or Niagara County. The ones below are statewide in New York: they work in Niagara Falls the same as in the rest of the state.

Which programs do I qualify for? All programs in New York

Housing counselors near Niagara Falls

The HUD-approved agencies closest to the center of Niagara Falls, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Belmont Housing Resources for Wny, Incorporated

    2393 Main St, Buffalo · 14 miles away · Spanish

    Also serves in American Sign Language (ASL), German, and Russian.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (716) 884-7791

  • Operation Hope- Buffalo Ny Branch

    752 E Delavan Ave, Buffalo · 15 miles away

    • Mortgage delinquency workshops
    • Fair housing pre-purchase workshops
    • and 4 more
    (716) 342-5580

  • Buffalo Urban League, Inc.

    15 Genesee St, Buffalo · 16 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (716) 250-2400

All counseling agencies in New York

Help in Spanish near Niagara Falls

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Niagara Falls

HUD’s record names them for Niagara Falls or Niagara County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

One other authority has an office in Niagara County: see the list Source: HUD

Cities

Other cities in Niagara County

These cities are also in Niagara County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Niagara County Housing in New York

Nearby cities

The cities closest to Niagara Falls, with the typical home value.

Neighboring counties

If Niagara County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Niagara Falls.

All guides
Three generations of a family gather on the porch of their home.

Questions

Housing questions about Niagara Falls

Short answers with the numbers for Niagara Falls and all of Niagara 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 Niagara Falls?

The typical home value in Niagara Falls is $115,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Niagara County it is $189,800.

How much does it cost to rent in Niagara Falls?

Typical rent in Niagara Falls is $823 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Niagara County is $1,423.

What is the FHA loan limit in Niagara Falls?

Niagara Falls uses the FHA limit for all of Niagara 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 Niagara Falls?

The typical homeowner in Niagara Falls pays $2,786 a year, according to the U.S. Census Bureau. That is 2.42% of the home’s value; in Niagara County, the rate is 2.19%.

Where can I find free help to buy or rent in Niagara Falls?

We found no HUD-approved counseling agencies with an office in Niagara County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).