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 30,235 people, 13,643 houses or apartments, and a median cost of homes of $201,337, 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 88.71%, which ranks in the top 50% nationwide. This equates to an annual average North Tonawanda house appreciation rate of 6.56%.
Appreciation rates are so strong in North Tonawanda that despite a nationwide downturn in the housing market, North Tonawanda real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Tonawanda appreciation rates continue to be some of the highest in America, at 7.14%, which is higher than appreciation rates in 75.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Tonawanda. North Tonawanda appreciation rates in the latest quarter were at 1.32%, which equates to an annual appreciation rate of 5.37%.
Relative to New York, our data show that North Tonawanda's latest annual appreciation rate is lower than 60% 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.
$201,337
for New york
for nation
13,643
$1,412 / per month