Summary Of Condominium Apartment Transactions In Niagara Falls

• Sales: Detailed recent condo sales figures are not available, but the overall Niagara Falls housing market has seen a decrease in average sold prices across all property types, with the average sold price at $674,928 in early 2025, down 4.7% year-over-year. The market is experiencing a period of price adjustment and increased affordability.
• Average Condo Price: Specific condo sale prices are not reported, but average apartment rents are around $1,830/month as of May 2025, with all property types averaging $2,299/month. Rent has decreased by $113 year-over-year, indicating a market shift toward greater affordability.
• New Listings: There are currently 136 available rental listings, with a wide price range from $750 to $5,995 per month, reflecting a diverse supply of rental options in the city.
• Active Listings: Rental inventory remains healthy, and the market is considered “warm,” with demand outpacing supply but not at overheated levels. The number of available rentals has supported a stable, competitive environment for both tenants and landlords.
• Market Trend: The Niagara Falls rental market is stabilizing in 2025, with only modest rent growth and a 3% annual increase for apartment rents. The market is moving away from the rapid price increases of previous years, and affordability is improving for tenants. The implementation of a tiered Municipal Accommodation Tax in June 2025 may affect short-term rental dynamics.
• Rental Market: Average rent for all property types is $2,299/month, about 24% higher than the national average. The rental market is diverse, with many options for different budgets, and remains attractive for both long-term tenants and investors looking for steady yields.

Why Choose Niagara Falls?

Niagara Falls combines strong tourism-driven demand, a wide range of rental and ownership options, and improving affordability in 2025. The market offers stable rental yields, a healthy supply of available properties, and ongoing investment in infrastructure and tourism. Its unique blend of lifestyle appeal, proximity to the U.S. border, and steady population growth make it a compelling choice for families, investors, and those seeking long-term value in a vibrant regional hub.