South Buffalo, Buffalo, NY—14213
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in South Buffalo, Buffalo, NY
Home Price Trends — South Buffalo, Buffalo, NY
As of Oct '25, the median home price in South Buffalo, Buffalo, NY is $192,000, with a year-over-year change of 3.2%. This indicates that home prices in South Buffalo, Buffalo, NY are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $192,000 | 3.2% |
| Single Family | $191,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $174,000 | 4.8% |
3 Bed | $180,000 | 2.9% |
4 Bed | $205,000 | 4.1% |
| 5 Bed | $203,000 | 3.0% |
% of Housing Stock
Rental Trends — South Buffalo, Buffalo, NY
As of July '25, Rentcast reports the average rent in South Buffalo, Buffalo, NY is $1,480, with a year-over-year rent change of 17.5%. Per bedroom, the median rent as of July '25 in South Buffalo, Buffalo, NY is studios: $865, 1-bedrooms: $1,070, 2-bedrooms: $1,510, 3-bedrooms: $1,470, 4-bedrooms: $2,360. The most common rental property sizes in South Buffalo, Buffalo, NY are 2-bedroom and 3-bedroom, accounting for 41.8% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,480 |
| Studio Rent | $865 | $865 |
| 1 Bed Rent | $950 | $1,070 |
| 2 Bed Rent | $1,300 | $1,510 |
| 3 Bed Rent | $1,380 | $1,470 |
| 4 Bed Rent | $2,000 | $2,360 |
% of Rental Stock
Property Listings — South Buffalo, Buffalo, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in South Buffalo, Buffalo, NY is 61. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $206,000 | 16.0% |
Listing Count | 43 | 17.0% |
| Listings as % of Homes | 0.3% | 17.0% |
Days on Market | 61 | 6.0% |
Demographics — South Buffalo, Buffalo, NY
As of the latest ACS Survey released in 2023, South Buffalo, Buffalo, NY has a population of 23,100, which has decreased by -4.5% over the past 5 years. South Buffalo, Buffalo, NY is a moderately popular place for families, as children make up 25.0% of the population. The area has a moderately educated workforce, with 35.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,100 | -4.5% |
% Under 18 | 25.0% | -13.2% |
% Seniors | 9.5% | 10.5% |
% WFH | 12.8% | 228.2% |
% w/ College Degree | 35.8% | 34.6% |
As of the latest ACS Survey released in 2023, South Buffalo, Buffalo, NY is a predominantly white area, with 45.6% of the population identifying as white. The white population has grown by 25.6% in the last 5 years. The second most common race or ethnicity in South Buffalo, Buffalo, NY is hispanic, making up 20.3% of the population. Foreign-born residents account for 15.9% of the population in South Buffalo, Buffalo, NY, and this percentage has decreased by 41.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 45.6% | 25.6% |
% Black | 18.6% | -15.5% |
% Hispanic | 20.3% | -16.8% |
% Asian | 12.2% | -12.2% |
% Foreign Born | 15.9% | -41.1% |
Mortgage and Risk — South Buffalo, Buffalo, NY
According to HUD data as of 2023, there were 214 mortgage originations in South Buffalo, Buffalo, NY, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in South Buffalo, Buffalo, NY. Investor activity is low, as 6.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 214 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — South Buffalo, Buffalo, NY
As of 2024, the percent of homes in South Buffalo, Buffalo, NY under the Section 8 program is 15.1%. 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 South Buffalo, 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 | 878 |
Total Units Section 8 | 866 |
% Rentals under Section 8 | 15.1% |
% Occupied Section 8 | 81.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $950 | $940 |
| 2 Bedroom | -$190 | $1,300 | $1,110 |
| 3 Bedroom | -$20 | $1,380 | $1,360 |
| 4 Bedroom | -$470 | $2,000 | $1,530 |
Affordability — South Buffalo, Buffalo, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $192,000 |
| Median Household Income | $52,600 |