When it comes to real estate, affordable properties are a high priority for most homebuyers. Compared to the New York median, the prices of homes in Tonawanda are significantly lower than in nearby Rochester. Median home prices are $121,300, which is significantly lower than the state average. Another factor that makes the area affordable is the low cost of living. Home prices per square foot are 2.1, which is lower than the New York average.
In terms of income, the median household income in Tonawanda, NY was $17,547 in 2018. The median household income was $26,464 in 2016. Foreign-born residents were the most likely to fall below that threshold, with a median household income of $24,488. Tonawanda has a largely white population, although many Hispanics also live in the area.
Crime rates are another consideration when moving to a new community. In general, Tonawanda has lower crime rates than the national average. While crime rates can be a determining factor in a move, they are not always the most important one. Fortunately, crime rates in Tonawanda are far lower than in the nation. Therefore, you can feel confident that living in this beautiful community will be a good move.
A quick Google search will show you that Tonawanda is home to a population of 15K. Its location on the Erie Canal makes it accessible to both North Tonawanda and Buffalo. Once known as Goose Island, the area had a dark history, with many houses of ill repute and cheap boarding houses. It was once home to the Spaulding Fibre Company, a major employer in the area from 1911 until 1992. Sadly, the mill closed its doors in 1992, and the site was destroyed in August 2010.