Rapids, NY
Full City Profile · New York · Niagara County County
4.3
/5.0
A
Great
1,562
Population
429/sq mi density
$103,482
Median Income
$49,107 per capita
$275,700
Home Value
$251,854 Zillow
49°F
Avg Temperature
A
Overall
4.3 / 5.0
Strong
B+
Economy
3.7 / 5.0
$103,482 median income, 11.8% unemployment
A+
Affordability
5.0 / 5.0
$275,700 home value, /mo rent
A
Education
4.3 / 5.0
41.6% bachelor's degree or higher
Housing Overview
Median Home Value
$275,700
2% below
US avg: $281,900
Homeownership Rate
91.6%
40% above US avg (65.4%)
Total Housing Units
518
Median year built: 1993
Home Value by Source
Census Median
$275,700
Zillow (ZHVI)
$251,854
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
91.6%
Owner-Occupied
8.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,215/mo
1 Bedroom
$1,315/mo
2 Bedroom
$1,579/mo
3 Bedroom
$1,976/mo
4 Bedroom
$2,193/mo
Affordability & Housing Stock
Rent Burden
29.0%
of renters spending 30%+ of income on housing
6% below US avg (31.0%)
Median Year Built
1993
Average age of housing stock: 33 years
Homeownership Rate
91.6%
Complete Housing Data
Home Values
| Census Median Value | $275,700 |
| Zillow Home Value (ZHVI) | $251,854 |
Rent
| FMR Studio | $1,215 |
| FMR 1-Bedroom | $1,315 |
| FMR 2-Bedroom | $1,579 |
| FMR 3-Bedroom | $1,976 |
| FMR 4-Bedroom | $2,193 |
Market
Ownership & Stock
| Owner-Occupied | 91.6% |
| Renter-Occupied | 8.4% |
| Homeownership Rate | 91.6% |
| Total Housing Units | 518 |
| Median Year Built | 1993 |
| Rent Burden | 29.0% |