North Tonawanda, New York Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the North Tonawanda, New York rental market.
North Tonawanda, New York
Average Apartment Rent
$1,477
Y-o-Y Change in Average
Apartment Rent
10.4%
As of July 2024
Compared to a year ago, North Tonawanda, New York apartments have recorded a 10.4% rent increase.
North Tonawanda, New York Average apartment rent trend
North Tonawanda, New York Average Apartment Rent
North Tonawanda, New York Apartment rent ranges
At 60.22%, apartments priced $1,000 - $1,500 represent the bulk of North Tonawanda, New York rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 39.78%.
North Tonawanda, New York Housing tenure**
Renters take up 30% of North Tonawanda, New York real estate, occupying a total of 4,076 units, while homeowners live in 9,567 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$35,872
Average household size of renter-occupied housing units**
1.8
Rental vacancy rate**
7.8%
North Tonawanda, New York Renter-occupied housing units by no. of bedrooms**
There are 2,084 rentals in North Tonawanda, New York with 2 beds making up the highest share of the market, at 51%. Units with 4 beds, on the other hand, hold the lowest percentage (5%), amounting to 186 units. Overall, the median number of rooms in North Tonawanda, New York homes for rent is 4.3.
North Tonawanda, New York Renter-occupied units by age of householder**
Most condos for rent in North Tonawanda, New York are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 45 - 54 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 4%.
North Tonawanda, New York Renter-occupied housing units by family type**
North Tonawanda, New York Renter-occupied housing units by the presence of own children**
A total of 1,548 apartments for rent in North Tonawanda, New York, or 38% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 799 units. All in all, the median size of a renter-occupied household in North Tonawanda, New York is 1.8.
North Tonawanda, New York Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 21% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in North Tonawanda, New York.
North Tonawanda, New York Renter-occupied units by year structure built**
The highest share of North Tonawanda, New York apartment rentals, namely 30% or 1,216 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (18%, 745 units), and the ones Built 1950 - 1959 (17%, 678 units).
North Tonawanda, New York Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most North Tonawanda, New York renters (45%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their North Tonawanda, New York condos for rent is 2014.
North Tonawanda, New York Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of North Tonawanda, New York renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 25% have No vehicle available.
North Tonawanda, New York Means of transportation to work of householders living in renter-occupied housing units**
North Tonawanda, New York Geographical mobility in the past year for householders living in renter-occupied housing units**
North Tonawanda, New York Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all North Tonawanda, New York apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
