Depew, Buffalo, NY—14227
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Depew, Buffalo, NY
As of Oct '25, the median home price in Depew, Buffalo, NY is $256,000, with a year-over-year change of 4.1%. This indicates that home prices in Depew, 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $256,000 | 4.1% |
| Single Family | $256,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $219,000 | 3.8% |
3 Bed | $254,000 | 4.5% |
4 Bed | $295,000 | 4.6% |
| 5 Bed | $311,000 | 4.0% |
% of Housing Stock
Rental Trends — Depew, Buffalo, NY
As of July '25, Rentcast reports the average rent in Depew, Buffalo, NY is $1,350, with a year-over-year rent change of -4.3%. Per bedroom, the median rent as of July '25 in Depew, Buffalo, NY is 1-bedrooms: $1,070, 2-bedrooms: $1,310, 3-bedrooms: $1,730. The most common rental property sizes in Depew, Buffalo, NY are 2-bedroom and 1-bedroom, accounting for 55.8% and 21.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,310 | $1,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,090 | $1,070 |
| 2 Bed Rent | $1,310 | $1,310 |
| 3 Bed Rent | $1,500 | $1,730 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Depew, Buffalo, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Depew, Buffalo, NY is 28. This is a decrease of -15.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $252,000 | 5.0% |
Listing Count | 60 | -7.0% |
| Listings as % of Homes | 0.2% | -7.0% |
Days on Market | 28 | -15.0% |
Demographics — Depew, Buffalo, NY
As of the latest ACS Survey released in 2023, Depew, Buffalo, NY has a population of 21,700, which has remained stable by -0.8% over the past 5 years. Depew, Buffalo, NY is a moderately popular place for families, as children make up 16.0% of the population. The area has a moderately educated workforce, with 25.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,700 | -0.8% |
% Under 18 | 16.0% | 22.1% |
% Seniors | 27.0% | 9.3% |
% WFH | 8.7% | 357.9% |
% w/ College Degree | 25.9% | 29.5% |
As of the latest ACS Survey released in 2023, Depew, Buffalo, NY is a predominantly white area, with 81.4% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Depew, Buffalo, NY is black, making up 7.9% of the population. Foreign-born residents account for 6.9% of the population in Depew, Buffalo, NY, and this percentage has increased by 6.2% 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 | 81.4% | -7.7% |
% Black | 7.9% | 71.7% |
% Hispanic | 5.7% | 119.2% |
% Asian | 3.1% | -18.4% |
% Foreign Born | 6.9% | 6.2% |
Mortgage and Risk — Depew, Buffalo, NY
According to HUD data as of 2023, there were 357 mortgage originations in Depew, Buffalo, NY, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Depew, Buffalo, NY. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 357 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Depew, Buffalo, NY
Depew, Buffalo, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 551 |
Total Units Section 8 | 445 |
% Rentals under Section 8 | 12.9% |
% Occupied Section 8 | 83.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,090 | $1,110 |
| 2 Bedroom | $0 | $1,310 | $1,310 |
| 3 Bedroom | $100 | $1,500 | $1,600 |
| 4 Bedroom | N/A | N/A | $1,810 |
Affordability — Depew, Buffalo, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $256,000 |
| Median Household Income | $67,300 |