Market Overview
Home Prices in Depew, NY
The median home value in Depew, NY is $276,794 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.7% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Depew are priced32% below average. Depew is part of the Buffalo-Cheektowaga, NY metro area.
Over the past five years, Depew home values have risen by approximately38.1%, reflecting strong long-term appreciation in this market.
Price History
Depew Home Price Trend
City Comparison
Depew vs. National Median
At $276,794, homes in Depew cost 32% below the national median of $410,000. This makes Depew a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Depew?
20% Down Payment
$55,359
on $276,794
Monthly P&I
$1,444/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,834/mo
incl. taxes & insurance
Income Needed
$73,360
gross annual (30% rule)
10% Down Option
$27,679
+ PMI applies
Loan Amount (20% dn)
$221,435
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Depew, NY?
The median home value in Depew is $276,794 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.7% year-over-year.
How much have home prices changed in Depew?
Over the past year, home values in Depew have increased by 3.7%. Over five years, prices have risen approximately 38.1%.
How much do I need to earn to buy a home in Depew?
To comfortably afford the median home price of $276,794 with a 20% down payment ($55,359) at today's rates (6.8%), you'd need a gross annual income of approximately $73,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Depew compare to the national average home price?
The national median home value is approximately $410,000. At $276,794, homes in Depew are 32% below the national average.
What metro area is Depew part of?
Depew is part of the Buffalo-Cheektowaga, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.