Real Estate Investing in Niagara Falls, New York (14304)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14304 (Niagara Falls, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Niagara Falls, NY (14304)?
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Market Analysis: 14304 Niagara Falls
ZIP 14304 in Niagara Falls, NY carries a healthy set of headwinds. Home values near $212K and rents of $1,328/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $212K asset, 14304 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader NY picture, 14304 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 14304 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 14304 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Niagara Falls:
Property Strategy for 14304
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $109,282 | $1,000 | 6.6% | — | $109,282 |
| 2BR | $155,714 | $1,180 | 5.5% | +8.9% | $77,857 |
| 3BR | $204,716 | $1,440 | 5.1% | +7.7% | $68,239 |
| 4BR | $232,980 | $1,640 | 5.1% | +7.8% | $58,245 |
| 5BR | $272,348 | — | — | +8.0% | $54,470 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 14304 Compare?
| Metric | 14304 | Niagara Falls | Buffalo-Cheektowaga, NY | New York |
|---|---|---|---|---|
| Home Value | $212,343 | $119,992 | N/A | $505,608 |
| 5-Year CAGR | 5.5% | 6.8% | N/A | 6.6% |
| Avg Rent | $1,328 | $1,282 | N/A | - |
| Cap Rate | 4.9% | 7.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14304 (Niagara Falls, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $212,343 |
| Monthly Rent | $1,328 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 14304
Population: 28,965
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 14304
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,085 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do rentals go for in Niagara Falls, NY?
Rental rates in Niagara Falls, NY average $1,328/mo. Tenant demand and $212K home values make the yield look reasonable by investor standards.
What is the tenant pool like in Niagara Falls, NY?
The tenant pool in Niagara Falls, NY is solid, supported by local employment and population fundamentals. Rents of $1,328/mo are well-absorbed by the market.
Which real estate strategy fits Niagara Falls, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Niagara Falls, NY. The numbers - $212K homes against $1,328/mo rents - support that play.
Can I live-in-and-rent in Niagara Falls, NY?
The house hack math a challenging in Niagara Falls, NY. Owner-occupant buyers benefit from the $1,328/mo rents and $212K home values.
Is Niagara Falls, NY a friendly market for rental owners?
Niagara Falls, NY falls under NY landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
You know 14304 now. You don’t know where it ranks.
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How 14304 ranks in Buffalo-Cheektowaga, NY
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