Hannawa Falls, NY
Population 847 · New York
About Hannawa Falls, NY
Hannawa Falls is a small community located in New York with a population of 847 residents according to the latest US Census Bureau American Community Survey data. The median household income is $95,893 per year, which is 28% above the national median of $75,149. The median age of 46.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Hannawa Falls features a median home value of $181,800, which is 26% below the national median of $244,900. This positions Hannawa Falls in a moderately priced market relative to the rest of the country. Median monthly rent is $1,106, 5% below the national average of $1,163/month. Of the 496 total housing units, 79% are owner-occupied (305 units) and 21% are renter-occupied (81 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hannawa Falls shows an unemployment rate of 5.4%, which is near the national rate of 3.7%. The poverty rate stands at 7.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hannawa Falls have an average one-way commute time of 19.7 minutes, one of the shorter commutes in the region.
Education & Demographics
47.4% of Hannawa Falls residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 3.2% White, 2.7% Hispanic or Latino, 0.0% Black or African American, and 3.5% Asian residents, with 2.5% of the population being foreign-born.
Cost of Living in Hannawa Falls, NY
Compared to national averages, Hannawa Falls has a median household income of $95,893 (28% above the national median of $75,149). Home values average $181,800, which is 26% below the national median. Monthly rent at $1,106 is 5% below the US average of $1,163. Within New York, Hannawa Falls's income is 1% below the state average of $96,987, and home values are 53% below the state median of $387,181.
Why Live in Hannawa Falls, NY?
Hannawa Falls offers a strong local economy with a median household income of $95,893, well above the national average, and affordable housing with a median home value of $181,800, below the US average of $244,900, and rent that’s lower than the national average at $1,106/month. Additionally, the city features a well-educated community where 47.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.2%, better than the national average, and short commute times averaging just 19.7 minutes.
Hannawa Falls has a population of 847 with a median age of 46.1 years. Compare Hannawa Falls with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Hannawa Falls
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Spencer | 848 | $50,682 | $139,200 | Compare |
| Castile | 844 | $58,625 | $127,400 | Compare |
| Nassau Lake | 841 | $0 | $271,500 | Compare |
| Quiogue | 853 | $78,661 | $1,071,400 | Compare |
| Millwood | 854 | $209,063 | $769,800 | Compare |
| Napanoch | 837 | $82,750 | $172,300 | Compare |
| Copake Lake | 860 | $118,632 | $546,100 | Compare |
| Dexter | 828 | $49,826 | $152,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Hannawa Falls With Other Cities
Frequently Asked Questions about Hannawa Falls
What is the population of Hannawa Falls, NY?
The population of Hannawa Falls, NY is 847 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New York.
What is the median household income in Hannawa Falls?
The median household income in Hannawa Falls, NY is $95,893 per year, which is 28% above the national median of $75,149.
What is the median home value in Hannawa Falls?
The median home value in Hannawa Falls, NY is $181,800, which is 26% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hannawa Falls?
The median monthly rent in Hannawa Falls, NY is $1,106, which is 5% below the national average of $1,163/month.
What is the unemployment rate in Hannawa Falls?
The unemployment rate in Hannawa Falls, NY is 5.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hannawa Falls, NY a good place to live?
Hannawa Falls offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 847 and a median age of 46.1, the city appeals to established professionals and retirees.
How educated is Hannawa Falls, NY?
47.4% of residents in Hannawa Falls aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Hannawa Falls?
Key cost-of-living indicators for Hannawa Falls, NY: median home value is $181,800 (26% below national), median rent is $1,106/month, and median household income is $95,893. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hannawa Falls?
The poverty rate in Hannawa Falls, NY is 7.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hannawa Falls, NY?
Hannawa Falls's population is 3.2% White, 2.7% Hispanic or Latino, 0.0% Black or African American, 3.5% Asian, and 0.0% two or more races. 2.5% of residents are foreign-born.