University District, Buffalo, NY—14215
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — University District, Buffalo, NY
As of Oct '25, the median home price in University District, Buffalo, NY is $144,000, with a year-over-year change of 2.5%. This indicates that home prices in University District, Buffalo, NY are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $144,000 | 2.6% |
| Single Family | $144,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $134,000 | 1.5% |
3 Bed | $142,000 | 1.4% |
4 Bed | $147,000 | 5.0% |
| 5 Bed | $155,000 | 6.2% |
% of Housing Stock
Rental Trends — University District, Buffalo, NY
As of July '25, Rentcast reports the average rent in University District, Buffalo, NY is $1,160, with a year-over-year rent change of -7.2%. Per bedroom, the median rent as of July '25 in University District, Buffalo, NY is 1-bedrooms: $800, 2-bedrooms: $1,080, 3-bedrooms: $1,380, 4-bedrooms: $2,000. The most common rental property sizes in University District, Buffalo, NY are 2-bedroom and 3-bedroom, accounting for 40.1% and 35.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,120 | $1,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $800 |
| 2 Bed Rent | $1,050 | $1,080 |
| 3 Bed Rent | $1,350 | $1,380 |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — University District, Buffalo, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in University District, Buffalo, NY is 40. This is a decrease of -32.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $158,000 | 9.0% |
Listing Count | 135 | 22.0% |
| Listings as % of Homes | 0.4% | 22.0% |
Days on Market | 40 | -32.0% |
Demographics — University District, Buffalo, NY
As of the latest ACS Survey released in 2023, University District, Buffalo, NY has a population of 42,800, which has increased by 7.1% over the past 5 years. University District, Buffalo, NY is a popular place for families, as children make up 25.8% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,800 | 7.1% |
% Under 18 | 25.8% | -1.5% |
% Seniors | 12.3% | 7.0% |
% WFH | 8.3% | 176.7% |
% w/ College Degree | 19.0% | 5.6% |
As of the latest ACS Survey released in 2023, University District, Buffalo, NY is a predominantly black area, with 68.4% of the population identifying as black. The black population has shrunk by 11.9% in the last 5 years. The second most common race or ethnicity in University District, Buffalo, NY is white, making up 15.1% of the population. Foreign-born residents account for 8.8% of the population in University District, Buffalo, NY, and this percentage has increased by 51.7% 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 | 15.1% | 11.0% |
% Black | 68.4% | -11.9% |
% Hispanic | 6.0% | 66.7% |
% Asian | 6.7% | 91.4% |
% Foreign Born | 8.8% | 51.7% |
Mortgage and Risk — University District, Buffalo, NY
According to HUD data as of 2023, there were 322 mortgage originations in University District, Buffalo, NY, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in University District, Buffalo, NY. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 322 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — University District, Buffalo, NY
As of 2024, the percent of homes in University District, Buffalo, NY under the Section 8 program is 19.1%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in University District, Buffalo, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,608 |
Total Units Section 8 | 1,635 |
% Rentals under Section 8 | 19.1% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $650 | $900 |
| 2 Bedroom | $0 | $1,050 | $1,050 |
| 3 Bedroom | -$60 | $1,350 | $1,290 |
| 4 Bedroom | -$550 | $2,000 | $1,450 |
Affordability — University District, Buffalo, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $144,000 |
| Median Household Income | $43,300 |