South Buffalo, Buffalo, NY—14220
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 $229,000, with a year-over-year change of 4.0%. This indicates that home prices in South 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 | $229,000 | 4.0% |
| Single Family | $229,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $201,000 | 5.8% |
3 Bed | $228,000 | 3.6% |
4 Bed | $239,000 | 3.9% |
| 5 Bed | $256,000 | 2.8% |
% of Housing Stock
Rental Trends — South Buffalo, Buffalo, NY
As of July '25, Rentcast reports the average rent in South Buffalo, Buffalo, NY is $1,230, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in South Buffalo, Buffalo, NY is 1-bedrooms: $1,150, 2-bedrooms: $1,220, 3-bedrooms: $1,330. The most common rental property sizes in South Buffalo, Buffalo, NY are 3-bedroom and 2-bedroom, accounting for 46.6% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $980 | $1,150 |
| 2 Bed Rent | $1,300 | $1,220 |
| 3 Bed Rent | $1,350 | $1,330 |
| 4 Bed Rent | N/A | N/A |
% 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 35. This is a increase of 20.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $217,000 | 4.0% |
Listing Count | 74 | 41.0% |
| Listings as % of Homes | 0.3% | 41.0% |
Days on Market | 35 | 20.0% |
Demographics — South Buffalo, Buffalo, NY
As of the latest ACS Survey released in 2023, South Buffalo, Buffalo, NY has a population of 23,800, which has remained stable by -0.8% over the past 5 years. South Buffalo, Buffalo, NY is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 28.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,800 | -0.8% |
% Under 18 | 21.7% | -1.8% |
% Seniors | 16.4% | 13.1% |
% WFH | 6.5% | 400.0% |
% w/ College Degree | 28.0% | 3.3% |
As of the latest ACS Survey released in 2023, South Buffalo, Buffalo, NY is a predominantly white area, with 76.4% of the population identifying as white. The white population has shrunk by 9.8% in the last 5 years. The second most common race or ethnicity in South Buffalo, Buffalo, NY is hispanic, making up 12.9% of the population. Foreign-born residents account for 3.6% of the population in South Buffalo, Buffalo, NY, and this percentage has increased by 2.9% 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 | 76.4% | -9.8% |
% Black | 6.0% | 46.3% |
% Hispanic | 12.9% | 34.4% |
% Asian | 2.0% | 150.0% |
% Foreign Born | 3.6% | 2.9% |
Mortgage and Risk — South Buffalo, Buffalo, NY
According to HUD data as of 2023, there were 369 mortgage originations in South Buffalo, Buffalo, NY, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in South Buffalo, Buffalo, NY. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 369 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — South Buffalo, Buffalo, NY
South Buffalo, Buffalo, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 379 |
Total Units Section 8 | 348 |
% Rentals under Section 8 | 11.3% |
% Occupied Section 8 | 82.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $980 | $940 |
| 2 Bedroom | -$190 | $1,300 | $1,110 |
| 3 Bedroom | $10 | $1,350 | $1,360 |
| 4 Bedroom | N/A | N/A | $1,530 |
Affordability — South Buffalo, Buffalo, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $229,000 |
| Median Household Income | $68,300 |