Tonawanda City, 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 Tonawanda City, New York rental market.
Tonawanda City, New York
Average Apartment Rent
$1,317
Y-o-Y Change in Average
Apartment Rent
11.7%
As of July 2024
Compared to a year ago, Tonawanda City, New York apartments have recorded a 11.7% rent increase.
Tonawanda City, New York Average apartment rent trend
Tonawanda City, New York Average Apartment Rent
Tonawanda City, New York Apartment rent ranges
At 68.08%, apartments priced $1,000 - $1,500 represent the bulk of Tonawanda City, New York rentals, while condos priced $700 - $1000 hold the lowest share of the market – 13.04%.
Tonawanda City, New York Housing tenure**
Renters take up 27% of Tonawanda City, New York real estate, occupying a total of 1,844 units, while homeowners live in 5,032 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$30,718
Average household size of renter-occupied housing units**
1.76
Rental vacancy rate**
11.8%
Tonawanda City, New York Renter-occupied housing units by no. of bedrooms**
There are 903 rentals in Tonawanda City, New York with 2 beds making up the highest share of the market, at 49%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 21 units. Overall, the median number of rooms in Tonawanda City, New York homes for rent is 4.6.
Tonawanda City, New York Renter-occupied units by age of householder**
Most condos for rent in Tonawanda City, New York are occupied by residents in the 65 - 74 years age group (19%), followed by those in the 25 - 34 years age group (16%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Tonawanda City, New York Renter-occupied housing units by family type**
Tonawanda City, New York Renter-occupied housing units by the presence of own children**
A total of 623 apartments for rent in Tonawanda City, New York, or 34% of all rentals are family households. Additionally, 22% of rental homes include children under the age of 18 – that’s 408 units. All in all, the median size of a renter-occupied household in Tonawanda City, New York is 1.76.
Tonawanda City, New York Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 15% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Tonawanda City, New York.
Tonawanda City, New York Renter-occupied units by year structure built**
The highest share of Tonawanda City, New York apartment rentals, namely 31% or 566 units, were Built 1950 - 1959, followed by those Built 1939 or earlier (30%, 550 units), and the ones Built 1960 - 1969 (15%, 284 units).
Tonawanda City, New York Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most Tonawanda City, New York renters (50%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Tonawanda City, New York condos for rent is 2014.
Tonawanda City, New York Renter-occupied housing units by vehicles available**
When it comes to transportation options, 46% of Tonawanda City, New York renters have 1 vehicle available per household, 30% of them have No vehicle available, and 24% have 2 or more vehicles available.
Tonawanda City, New York Means of transportation to work of householders living in renter-occupied housing units**
Tonawanda City, New York Geographical mobility in the past year for householders living in renter-occupied housing units**
Tonawanda City, 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 Tonawanda City, 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
