Downtown, Buffalo, NY—14202
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown, Buffalo, NY
As of Oct '25, the median home price in Downtown, Buffalo, NY is $578,000, with a year-over-year change of 0.9%. This indicates that home prices in Downtown, Buffalo, NY are flat. 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 | $578,000 | 0.9% |
| Single Family | $593,000 | 0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $498,000 | -0.4% |
3 Bed | $833,000 | -3.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown, Buffalo, NY
As of July '25, Rentcast reports the average rent in Downtown, Buffalo, NY is $2,260, with a year-over-year rent change of 14.1%. Per bedroom, the median rent as of July '25 in Downtown, Buffalo, NY is studios: $909, 1-bedrooms: $1,990, 2-bedrooms: $3,070, 3-bedrooms: $5,750. The most common rental property sizes in Downtown, Buffalo, NY are 2-bedroom and 1-bedroom, accounting for 42.2% and 39.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,260 |
| Studio Rent | $925 | $909 |
| 1 Bed Rent | $1,850 | $1,990 |
| 2 Bed Rent | $2,700 | $3,070 |
| 3 Bed Rent | $4,500 | $5,750 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Downtown, Buffalo, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown, Buffalo, NY is 57. This is a decrease of -6.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $778,000 | 45.0% |
Listing Count | 28 | 23.0% |
| Listings as % of Homes | 0.7% | 23.0% |
Days on Market | 57 | -6.0% |
Demographics — Downtown, Buffalo, NY
As of the latest ACS Survey released in 2023, Downtown, Buffalo, NY has a population of 3,760, which has increased by 8.3% over the past 5 years. Downtown, Buffalo, NY is a less popular place for families, as children make up 12.0% of the population. The area has a highly educated workforce, with 45.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,760 | 8.3% |
% Under 18 | 12.0% | -4.8% |
% Seniors | 13.9% | -2.8% |
% WFH | 9.3% | 82.4% |
% w/ College Degree | 45.2% | 6.9% |
As of the latest ACS Survey released in 2023, Downtown, Buffalo, NY is a predominantly white area, with 46.5% of the population identifying as white. The white population has shrunk by 14.7% in the last 5 years. The second most common race or ethnicity in Downtown, Buffalo, NY is black, making up 25.0% of the population. Foreign-born residents account for 11.2% of the population in Downtown, Buffalo, NY, and this percentage has decreased by 8.9% 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 | 46.5% | -14.7% |
% Black | 25.0% | -4.6% |
% Hispanic | 23.9% | 33.5% |
% Asian | 4.0% | 185.7% |
% Foreign Born | 11.2% | -8.9% |
Mortgage and Risk — Downtown, Buffalo, NY
According to HUD data as of 2023, there were 23 mortgage originations in Downtown, Buffalo, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Downtown, Buffalo, NY. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 23 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Downtown, Buffalo, NY
Downtown, Buffalo, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 321 |
Total Units Section 8 | 318 |
% Rentals under Section 8 | 20.5% |
% Occupied Section 8 | 78.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$840 | $1,850 | $1,010 |
| 2 Bedroom | -$1,510 | $2,700 | $1,190 |
| 3 Bedroom | -$3,050 | $4,500 | $1,450 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Downtown, Buffalo, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.2 |
| Median Home Price | $578,000 |
| Median Household Income | $48,000 |