Market Overview
Home Prices in Niagara Falls, NY
The median home value in Niagara Falls, NY is $176,530 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.1% compared to a year ago and up 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Niagara Falls are priced57% below average. Niagara Falls is part of the Buffalo-Cheektowaga, NY metro area.
Over the past five years, Niagara Falls home values have risen by approximately34.3%, reflecting strong long-term appreciation in this market.
Price History
Niagara Falls Home Price Trend
City Comparison
Niagara Falls vs. National Median
At $176,530, homes in Niagara Falls cost 57% below the national median of $410,000. This makes Niagara Falls a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Niagara Falls?
20% Down Payment
$35,306
on $176,530
Monthly P&I
$921/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,170/mo
incl. taxes & insurance
Income Needed
$46,800
gross annual (30% rule)
10% Down Option
$17,653
+ PMI applies
Loan Amount (20% dn)
$141,224
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 Niagara Falls, NY?
The median home value in Niagara Falls is $176,530 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.1% year-over-year.
How much have home prices changed in Niagara Falls?
Over the past year, home values in Niagara Falls have increased by 7.1%. Over five years, prices have risen approximately 34.3%.
How much do I need to earn to buy a home in Niagara Falls?
To comfortably afford the median home price of $176,530 with a 20% down payment ($35,306) at today's rates (6.8%), you'd need a gross annual income of approximately $46,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Niagara Falls compare to the national average home price?
The national median home value is approximately $410,000. At $176,530, homes in Niagara Falls are 57% below the national average.
What metro area is Niagara Falls part of?
Niagara Falls is part of the Buffalo-Cheektowaga, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.