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Gowanda

Learn about the people, housing, costs and businesses in Gowanda, New York

Median Home$111,801
Median Rent$796/month
Population2,637
Leading IndustryPublic Administration28% of local workforce
Home Value Growth⬆⬆+18.5% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners80% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAffordable Market$112k median home · lower cost than 88% of the country
Gowanda
NY

Frequently Asked Questions

What are today's mortgage rates in Gowanda?

As of today, the 30-year fixed mortgage rate for Gowanda is approximately 7.148% (7.195% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Gowanda?

The median home value in Gowanda is $112k. The median monthly rent is $796. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gowanda?

Home values in Gowanda have increased 18.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Gowanda?

Based on a typical all-in ownership cost of $845/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gowanda is $55k/year.

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What industries drive the economy in Gowanda?

The largest employment sectors in Gowanda are public administration (28%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.