Niagara Falls, NY
- Overview
- Performance
- Listings
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Key Performance Metrics
Market snapshotPerformance indicators for the Niagara Falls short-term rental market based on reliable data.
Listings
1945 / 4419
Reliable / Active
Cap Rate
17%
Middle-Earners Gross Yield
Revenue
$27,473
Middle-Earners Revenue
Occupancy
53%
Middle-Earners Occupancy
Home Value
$161,965
Median Home Sale Price
Top Earners
$55,624
Top-Earners Revenue
Niagara Falls
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Niagara Falls.
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Challenging to Investors
Niagara Falls Regulations
Niagara Falls allows short‑term rentals, but only within a tightly defined city‑approved zone and for single‑family or duplex units. Operators must complete a two‑step permitting process (special permit plus annual license), notify all property owners within 200 feet, meet detailed safety/occupancy rules, and face strict enforcement that can suspend or revoke the license, making compliance challenging for investors.
Local STR Agent
STR specialist · Niagara Falls, NY
About Niagara Falls
Niagara Falls, NY, located in western New York State, is renowned for its iconic waterfalls that captivate millions of tourists annually. The city has a population of approximately 48,000 residents and is situated about 20 miles north of Buffalo, NY. Its proximity to the Canadian border and the scenic Niagara River further enhance its appeal.
The main attraction is, undoubtedly, the awe-inspiring Niagara Falls themselves, comprising the American Falls, Bridal Veil Falls, and part of Horseshoe Falls. Visitors can experience these natural wonders up close via Niagara Falls State Park, which offers breathtaking views, walking trails, and boat tours like the Maid of the Mist. The park also features the Cave of the Winds, providing an exhilarating experience behind the Bridal Veil Falls.
Additional noteworthy landmarks include the Niagara Gorge, offering hiking opportunities amid dramatic landscapes, and Old Fort Niagara, showcasing over 300 years of military history. The city is also home to attractions such as the Aquarium of Niagara, which hosts a variety of marine life exhibits.
The growth of short-term rentals in Niagara Falls, NY, is driven by these compelling tourist attractions and the city's strategic location. Visitors can immerse themselves in local culture and the natural beauty of the area, making Niagara Falls an attractive destination for short-term stays.