Niagara Falls, New York Housing Market

What stands out in Niagara Falls?

• The median asking price is $132,857: one of the cheapest of 765 tracked cities. Low entry prices help cash flow, but check what keeps them low before you buy.
• Asking prices swing about 20.4% between the cheapest and priciest months: among the biggest seasonal price swings of 765 tracked cities. Timing your purchase within the year matters here.
• The median household earns $54,117 a year: among the lowest incomes of 765 tracked cities. Rents are capped by what local households earn.

How much more is for sale in Niagara Falls than before the pandemic?

There are 204 homes for sale in Niagara Falls, 47% more than in 2017–2019 at this time of year. That count is up 47% on last year, with 70 new listings this month. The build-up is biggest in 14303 (29 for sale, 123% above its 2017–2019 level) and 14301 (51 for sale, 94% above its 2017–2019 level). More choice means you can walk away from any home priced for the market of three years ago.

What does a shrinking population mean for Niagara Falls landlords?

The population in Niagara Falls's ZIP codes fell 2.0% over five years. 11.8% of homes are vacant, higher than 82% of tracked cities. Households still grew 3.3% while the housing stock shrank 1.3%. Fewer people living in more households means rental demand has held up better than the population suggests. Check vacancy by ZIP before you buy.

How does Niagara Falls compare with other New York markets?

Ranked among the 14 New York markets we track:

• Asking price: the cheapest of 14. Niagara Falls is at $132,857. Closest: Binghamton.
• Time on market: 4th shortest time on market of 14. Niagara Falls is at a median of 46 days on market. Closest: Schenectady and Buffalo.
• Price cuts: 3rd most price cuts of 14. Niagara Falls is at 16% of sellers cutting. Closest: Utica and Albany.

How much can you negotiate in Niagara Falls?

Pending-sale counts for Niagara Falls were thinly reported until recently, so this page reads demand from how long listings sit, how many sellers cut, and how much is for sale. Few sellers are dropping their price. Your discount will come from one stale listing.

The typical Niagara Falls listing has been on the market 46 days. That is 11% longer than a year ago. There are 204 homes for sale in Niagara Falls. That is the most in ten years. It is 5 times the low of Apr 2021. Every one of them competes with the house you want.

What to do about it

• Judge each listing on its own.
• Homes listed 60+ days ago with a price cut are where your discount is.
• Fresh, well-priced homes will not move on price. Do not waste offers on them.

When do Niagara Falls prices dip?

Across 9 full years, Niagara Falls asking prices ran lowest in March, about 10.3% below the year's average. They peaked in September. The most homes for sale show up in September, about 14% above the yearly average. Shop in September for choice, and expect the softest asking prices in March.

Who will rent from you in Niagara Falls?

In Niagara Falls, 37 out of every 100 households rent. Most own their home. The renter share is shrinking. Five years ago it was 40 in 100. Renter households average 2.0 people. Singles and couples rent here. Two bedrooms beat four.

The median Niagara Falls household earns $54,117 a year. Incomes here have grown 4.8% a year since 2019. Incomes and home prices are rising in step. A typical home costs 2.5 times the median income. Locals can afford to buy here. Your exit buyer can be a local family. At 30% of income, a tenant on the median income can pay about $1,353 a month.

To see what one Niagara Falls address would rent for and cash flow, run it through the app.

What numbers should you underwrite a Niagara Falls deal with?

• Price growth to assume — +5.6%/yr. Niagara Falls grew 7.9% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Niagara Falls grows about 5.6% a year. That is the number to type in. Prices fell 2.8% over the last year. Use it for timing. The five-year rate is the better guide.
• Odds you cut your price to sell — 1 in 6. 16% of Niagara Falls listings have cut their asking price. Underwrite your exit below asking.
• Competition when you exit — +47%. Homes for sale in Niagara Falls are up 47% on last year, so your resale faces more competition than today's comps did.

Read when a cheap market is a warning and how we read these numbers, then run the numbers on a deal.

What is the median home price in Niagara Falls?

The median asking price in Niagara Falls is about $133,000 as of Sep 2026, down 6.5% from a year ago. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Niagara Falls figures cover the 5 ZIP codes with a Niagara Falls mailing address, which can reach past city limits.

Is Niagara Falls a buyer's or seller's market in 2026?

Neither side has the upper hand in Niagara Falls right now. We compare Niagara Falls with 2017–2019 at this time of year: there are 47% more homes for sale; the typical listing has been up 14% fewer days; 16% of sellers have cut their price, against 18% then.

Are Niagara Falls home prices going up or down?

The median asking price is 10.4% below its Aug 2025 peak. Per square foot the gap is smaller: 5.2% below the Jul 2025 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

What is the fair market rent in Niagara Falls?

HUD's fiscal year 2026 fair market rent for Niagara County is $1,343 a month for 2 bedrooms and $1,640 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.