North Buffalo, Buffalo, NY—14216
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Buffalo, Buffalo, NY
As of Oct '25, the median home price in North Buffalo, Buffalo, NY is $327,000, with a year-over-year change of 2.4%. This indicates that home prices in North Buffalo, Buffalo, NY are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $327,000 | 2.4% |
| Single Family | $327,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $226,000 | 5.6% |
3 Bed | $306,000 | 2.7% |
4 Bed | $389,000 | 3.2% |
| 5 Bed | $605,000 | 2.2% |
% of Housing Stock
Rental Trends — North Buffalo, Buffalo, NY
As of July '25, Rentcast reports the average rent in North Buffalo, Buffalo, NY is $1,440, with a year-over-year rent change of 7.5%. Per bedroom, the median rent as of July '25 in North Buffalo, Buffalo, NY is studios: $988, 1-bedrooms: $1,110, 2-bedrooms: $1,330, 3-bedrooms: $1,880. The most common rental property sizes in North Buffalo, Buffalo, NY are 3-bedroom and 2-bedroom, accounting for 36.8% and 36.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,440 |
| Studio Rent | $950 | $988 |
| 1 Bed Rent | $1,020 | $1,110 |
| 2 Bed Rent | $1,200 | $1,330 |
| 3 Bed Rent | $1,650 | $1,880 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — North Buffalo, Buffalo, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in North Buffalo, Buffalo, NY is 67. This is a increase of 96.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | 31.0% |
Listing Count | 45 | 19.0% |
| Listings as % of Homes | 0.2% | 19.0% |
Days on Market | 67 | 96.0% |
Demographics — North Buffalo, Buffalo, NY
As of the latest ACS Survey released in 2023, North Buffalo, Buffalo, NY has a population of 23,200, which has increased by 4.2% over the past 5 years. North Buffalo, Buffalo, NY is a less popular place for families, as children make up 14.8% of the population. The area has a highly educated workforce, with 54.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,200 | 4.2% |
% Under 18 | 14.8% | -9.8% |
% Seniors | 15.6% | 13.0% |
% WFH | 12.3% | 412.5% |
% w/ College Degree | 54.1% | 19.2% |
As of the latest ACS Survey released in 2023, North Buffalo, Buffalo, NY is a predominantly white area, with 71.5% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in North Buffalo, Buffalo, NY is black, making up 16.1% of the population. Foreign-born residents account for 4.8% of the population in North Buffalo, Buffalo, NY, and this percentage has decreased by 30.4% 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 | 71.5% | -1.4% |
% Black | 16.1% | 20.1% |
% Hispanic | 7.5% | -23.5% |
% Asian | 1.3% | -48.0% |
% Foreign Born | 4.8% | -30.4% |
Mortgage and Risk — North Buffalo, Buffalo, NY
According to HUD data as of 2023, there were 282 mortgage originations in North Buffalo, Buffalo, NY, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in North Buffalo, Buffalo, NY. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 282 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — North Buffalo, Buffalo, NY
North Buffalo, Buffalo, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 838 |
Total Units Section 8 | 390 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $1,020 | $1,130 |
| 2 Bedroom | $130 | $1,200 | $1,330 |
| 3 Bedroom | -$20 | $1,650 | $1,630 |
| 4 Bedroom | N/A | N/A | $1,840 |
Affordability — North Buffalo, Buffalo, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $327,000 |
| Median Household Income | $70,300 |