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Buffalo, NY—14203

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$305,000
N/A
Household Income
$48,500
25.8% YoY Growth
Days on Market
85
44.0% Shorter YoY
Home Price Forecast
N/A
Median Rent
$1,650
11.2% YoY Growth
1-Bed Rent
$1,450
14.0% YoY Growth
2-Bed Rent
$1,700
10.7% YoY Growth
3-Bed Rent
$3,410
8.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Buffalo, NY

Buffalo, NY lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
N/AN/A
Single Family N/AN/A
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    N/A
    N/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    7.7%
    1 Bedroom
    48.4%
    2 Bedrooms
    25.8%
    3 Bedrooms
    16.8%
    4 Bedrooms
    1.3%

    Rental Trends — Buffalo, NY

    As of July '25, Rentcast reports the average rent in Buffalo, NY is $1,830, with a year-over-year rent change of -11.2%. Per bedroom, the median rent as of July '25 in Buffalo, NY is studios: $1,570, 1-bedrooms: $1,550, 2-bedrooms: $1,860, 3-bedrooms: $3,410. The most common rental property sizes in Buffalo, NY are 1-bedroom and 2-bedroom, accounting for 48.7% and 25.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,650$1,830
    Studio Rent $1,500$1,570
    1 Bed Rent $1,450$1,550
    2 Bed Rent $1,700$1,860
    3 Bed Rent $3,410$3,410
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    7.2%
    1 Bedroom
    48.7%
    2 Bedrooms
    25.2%
    3 Bedrooms
    17.5%
    4 Bedrooms
    1.3%

    Property Listings — Buffalo, NY

    As of Dec '25, Realtor.com reports that the median days on market for a home in Buffalo, NY is 53. This is a decrease of -61.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$305,000-11.0%
    Listing Count
    		2153.0%
    Listings as % of HomesN/A53.0%
    Days on Market
    		85-44.0%
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    Demographics — Buffalo, NY

    As of the latest ACS Survey released in 2023, Buffalo, NY has a population of 2,530, which has increased by 51.6% over the past 5 years. Buffalo, NY is a less popular place for families, as children make up 7.3% of the population. The area has a moderately educated workforce, with 42.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		2,53051.6%
    % Under 18
    		7.3%-45.9%
    % Seniors
    		10.2%-47.4%
    % WFH
    		12.2%∞%
    % w/ College Degree
    		42.6%13.3%
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    As of the latest ACS Survey released in 2023, Buffalo, NY is a predominantly black area, with 44.3% of the population identifying as black. The black population has shrunk by 14.0% in the last 5 years. The second most common race or ethnicity in Buffalo, NY is white, making up 31.5% of the population. Foreign-born residents account for 3.8% of the population in Buffalo, NY, and this percentage has decreased by 30.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		31.5%2.9%
    % Black
    		44.3%-14.0%
    % Hispanic
    		11.7%-19.3%
    % Asian
    		7.3%151.7%
    % Foreign Born
    		3.8%-30.9%
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    Mortgage and Risk — Buffalo, NY

    According to HUD data as of 2023, there were 7 mortgage originations in Buffalo, NY, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Buffalo, NY. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		7
    % Conventional Loans
    		86.0%
    % Government Loans
    		14.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		0.0%
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    Rentals and Section 8 — Buffalo, NY

    Buffalo, NY lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		492
    Total Units Section 8
    		492
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		90.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$50$1,450$1,400
    2 Bedroom-$50$1,700$1,650
    3 Bedroom-$1,390$3,410$2,020
    4 BedroomN/AN/A$2,280

    Affordability — Buffalo, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income RatioN/A
    Median Home PriceN/A
    Median Household Income$48,500

    Buffalo, NY — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Hydraulics, Buffalo, NY

    14204

    Downtown, Buffalo, NY

    14202

    Seneca Babcock, Buffalo, NY

    14210

    Downtown Buffalo, Buffalo, NY

    14201

    South Buffalo, Buffalo, NY

    14220

    Frequently Asked Questions