ZIP Code 14174 Housing Market

📝 Local Market Notes

The housing market in ZIP code 14174, located within Niagara County, New York, exhibits a distinct upward trajectory over the past five years. The Federal Housing Finance Agency Home Price Index (HPI) for this area rose from 213.47 in 2021 to 301.33 in 2025, indicating substantial cumulative appreciation. Although a slight dip occurred in 2024, the index surged in 2025, reflecting a robust recovery and continued price growth. This five-year trend suggests that the local market has moved beyond its post-pandemic stabilization phase, entering a period of renewed momentum that outpaces typical historical averages for the region. ZIP 14174 demonstrates significant positive divergence from broader regional benchmarks. The ZIP’s year-over-year increase of 19.94% substantially exceeds the Niagara County average of 6.60% and the New York State average of 3.55%. This disparity signals that specific local factors are driving demand within this sub-market, likely due to limited inventory or unique locational amenities that distinguish it from the surrounding county. Compared to nearby ZIP codes, such as 14172 (HPI 326.9) and 14301 (HPI 279.5), ZIP 14174 maintains a competitive position, suggesting it is a primary target for buyers seeking value relative to higher-priced adjacent areas. The sub-market character of ZIP 14174 aligns with an affordable, owner-occupied community rather than a luxury segment. With a parent county median home value of $189,800 and a median household income of $69,633, the area supports a strong ownership culture, evidenced by the 71.2% owner-occupancy rate. The current HPI level of 301.33 indicates that home values have nearly tripled since the 2000 baseline, yet they remain accessible compared to national standards. For prospective buyers, the practical takeaway is that while prices are rising rapidly at nearly three times the state rate, the absolute entry point remains moderate. Residents should anticipate continued price pressure given the strong local outperformance, making timing a critical consideration for those entering this specific Niagara County sub-market.

Based on FHFA House Price Index data.