Delaware District, Buffalo, NY—14209
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Delaware District, Buffalo, NY
As of Oct '25, the median home price in Delaware District, Buffalo, NY is $314,000, with a year-over-year change of -2.2%. This indicates that home prices in Delaware District, Buffalo, NY are decreasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $314,000 | -2.2% |
| Single Family | $327,000 | -2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $357,000 | -1.1% |
4 Bed | $417,000 | -1.2% |
| 5 Bed | $538,000 | 0.6% |
% of Housing Stock
Rental Trends — Delaware District, Buffalo, NY
As of July '25, Rentcast reports the average rent in Delaware District, Buffalo, NY is $1,770, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Delaware District, Buffalo, NY is studios: $1,120, 1-bedrooms: $1,460, 2-bedrooms: $1,950, 3-bedrooms: $2,580, 4-bedrooms: $3,400. The most common rental property sizes in Delaware District, Buffalo, NY are 1-bedroom and 2-bedroom, accounting for 45.2% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,770 |
| Studio Rent | $1,100 | $1,120 |
| 1 Bed Rent | $1,320 | $1,460 |
| 2 Bed Rent | $1,750 | $1,950 |
| 3 Bed Rent | $2,800 | $2,580 |
| 4 Bed Rent | $3,300 | $3,400 |
% of Rental Stock
Property Listings — Delaware District, Buffalo, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Delaware District, Buffalo, NY is 62. This is a decrease of -5.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $245,000 | -11.0% |
Listing Count | 26 | -6.0% |
| Listings as % of Homes | 0.5% | -6.0% |
Days on Market | 62 | -5.0% |
Demographics — Delaware District, Buffalo, NY
As of the latest ACS Survey released in 2023, Delaware District, Buffalo, NY has a population of 8,370, which has increased by 13.0% over the past 5 years. Delaware District, Buffalo, NY is a less popular place for families, as children make up 9.7% of the population. The area has a highly educated workforce, with 46.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,370 | 13.0% |
% Under 18 | 9.7% | -23.0% |
% Seniors | 24.9% | 52.8% |
% WFH | 12.2% | 269.7% |
% w/ College Degree | 46.1% | 12.7% |
As of the latest ACS Survey released in 2023, Delaware District, Buffalo, NY is a predominantly white area, with 52.7% of the population identifying as white. The white population has grown by 14.1% in the last 5 years. The second most common race or ethnicity in Delaware District, Buffalo, NY is black, making up 33.3% of the population. Foreign-born residents account for 9.4% of the population in Delaware District, Buffalo, NY, and this percentage has increased by 11.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 52.7% | 14.1% |
% Black | 33.3% | -22.0% |
% Hispanic | 10.9% | 109.6% |
% Asian | 3.1% | 10.7% |
% Foreign Born | 9.4% | 11.9% |
Mortgage and Risk — Delaware District, Buffalo, NY
According to HUD data as of 2023, there were 94 mortgage originations in Delaware District, Buffalo, NY, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Delaware District, Buffalo, NY. Investor activity is low, as 5.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 94 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Delaware District, Buffalo, NY
As of 2024, the percent of homes in Delaware District, Buffalo, NY under the Section 8 program is 25.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Delaware District, Buffalo, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 847 |
Total Units Section 8 | 760 |
% Rentals under Section 8 | 25.9% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$330 | $1,320 | $990 |
| 2 Bedroom | -$590 | $1,750 | $1,160 |
| 3 Bedroom | -$1,380 | $2,800 | $1,420 |
| 4 Bedroom | -$1,700 | $3,300 | $1,600 |
Affordability — Delaware District, Buffalo, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $314,000 |
| Median Household Income | $49,400 |