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South Buffalo, Buffalo, NY—14213

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$192,000
3.5% YoY Growth
Household Income
$52,600
57.9% YoY Growth
Days on Market
60
15.0% Shorter YoY
Home Price Forecast
2.3%
Median Rent
$1,300
17.5% YoY Growth
1-Bed Rent
$950
0.0% YoY Growth
2-Bed Rent
$1,300
24.8% YoY Growth
3-Bed Rent
$1,380
10.5% YoY Growth

Other Zip Codes in South Buffalo, Buffalo, NY

14220
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — South Buffalo, Buffalo, NY

As of Dec '25, the median home price in South Buffalo, Buffalo, NY is $192,000, with a year-over-year change of 3.5%. This indicates that home prices in South Buffalo, Buffalo, NY are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$192,0003.5%
Single Family $191,0003.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$174,0005.5%
    3 Bed
    		$181,0004.0%
    4 Bed
    		$205,0004.1%
    5 Bed $202,1723.0%
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    % of Housing Stock

    Studio
    1.2%
    1 Bedroom
    11.0%
    2 Bedrooms
    35.3%
    3 Bedrooms
    33.7%
    4 Bedrooms
    13.7%
    5+ Bedrooms
    5.2%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    1.6%
    1 Bedroom
    15.0%
    2 Bedrooms
    41.8%
    3 Bedrooms
    31.4%
    4 Bedrooms
    8.8%
    5+ Bedrooms
    1.4%

    Property Listings — South Buffalo, Buffalo, NY

    As of Dec '25, Realtor.com reports that the median days on market for a home in South Buffalo, Buffalo, NY is 47. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$204,00012.0%
    Listing Count
    		3937.0%
    Listings as % of Homes0.3%37.0%
    Days on Market
    		60-15.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.3
    Median Home Price$192,000
    Median Household Income$52,600

    South Buffalo, Buffalo, NY — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Elmwood Village, Buffalo, NY

    14222

    Downtown Buffalo, Buffalo, NY

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    Downtown, Buffalo, NY

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    Riverside, Buffalo, NY

    14207

    Frequently Asked Questions