ZIP Code 14301 Housing Market

📝 Local Market Notes

The housing market in ZIP code 14301 exhibits a volatile price trajectory over the past five years. The Home Price Index (HPI) rose from 213.04 in 2021 to a peak of 261.59 in 2022. Subsequently, values declined to 242.62 in 2023 and further to 220.16 in 2024. However, the most recent data indicates a sharp rebound, with the HPI reaching 279.51 in 2025. This pattern suggests significant short-term fluctuations rather than a steady, linear appreciation trend, culminating in a current index level that exceeds the 2021 baseline by approximately 31%. ZIP 14301 demonstrates a pronounced divergence from broader regional trends. The local year-over-year growth rate stands at +26.96%, significantly outpacing the Niagara County average of +6.60% and the New York State average of +3.55%. This substantial gap signals that local market dynamics are driven by specific, hyper-local factors rather than general county-wide or state-level economic conditions. Nearby ZIP codes 14172 and 14174 show more moderate growth rates of +20.20% and +19.94% respectively, further highlighting the unique intensity of price movement within 14301. Characterized by a median household income of $69,633 and a median home value of $189,800, this sub-market aligns with entry-level to mid-range homeownership. With an owner-occupancy rate of 71.2%, the area maintains a strong base of property owners, though the median gross rent of $899 indicates a viable rental sector. Prospective buyers should note that the current HPI of 279.51 reflects a market that has recently corrected upward after a two-year dip. Given the 7.40% national mortgage rate, the rapid appreciation observed in 2025 may impact affordability calculations for local residents. The data indicates a market currently experiencing high momentum relative to its county and state peers, requiring careful consideration of recent price volatility for any transactional decisions.

Based on FHFA House Price Index data.