Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

South Lockport

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

Median Home$150,477
Median Rent$766/month
Population9,113
Leading IndustryRetail14% of local workforce
Home Value Growth⬆⬆+18.1% over 2 years
Young Adults28% of residentsnear the national average
Homeowners74% of occupied units
NotableAffordable Market$150k median home · lower cost than 74% of the country
South Lockport
NY

Frequently Asked Questions

What are today's mortgage rates in South Lockport?

As of today, the 30-year fixed mortgage rate for South Lockport is approximately 6.950% (6.988% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for South Lockport
What is the median home price in South Lockport?

The median home value in South Lockport is $150k. The median monthly rent is $766. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in South Lockport?

Home values in South Lockport have increased 18.1% 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 South Lockport?

Based on a typical all-in ownership cost of $990/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in South Lockport is $69k/year.

Calculate your buying power
What industries drive the economy in South Lockport?

The largest employment sectors in South Lockport are public administration (21%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.