Buffalo, NY—14203
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Buffalo, NY
Buffalo, NY lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Buffalo, NY
As of July '25, Rentcast reports the average rent in Buffalo, NY is $1,830, with a year-over-year rent change of -11.2%. Per bedroom, the median rent as of July '25 in Buffalo, NY is studios: $1,570, 1-bedrooms: $1,550, 2-bedrooms: $1,860, 3-bedrooms: $3,410. The most common rental property sizes in Buffalo, NY are 1-bedroom and 2-bedroom, accounting for 48.7% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,830 |
| Studio Rent | $1,500 | $1,570 |
| 1 Bed Rent | $1,450 | $1,550 |
| 2 Bed Rent | $1,700 | $1,860 |
| 3 Bed Rent | $3,410 | $3,410 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Buffalo, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Buffalo, NY is 32. This is a decrease of -60.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $292,000 | -20.0% |
Listing Count | 18 | 47.0% |
| Listings as % of Homes | N/A | 47.0% |
Days on Market | 32 | -60.0% |
Demographics — Buffalo, NY
As of the latest ACS Survey released in 2023, Buffalo, NY has a population of 2,530, which has increased by 51.6% over the past 5 years. Buffalo, NY is a less popular place for families, as children make up 7.3% of the population. The area has a moderately educated workforce, with 42.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,530 | 51.6% |
% Under 18 | 7.3% | -45.9% |
% Seniors | 10.2% | -47.4% |
% WFH | 12.2% | ∞% |
% w/ College Degree | 42.6% | 13.3% |
As of the latest ACS Survey released in 2023, Buffalo, NY is a predominantly black area, with 44.3% of the population identifying as black. The black population has shrunk by 14.0% in the last 5 years. The second most common race or ethnicity in Buffalo, NY is white, making up 31.5% of the population. Foreign-born residents account for 3.8% of the population in Buffalo, NY, and this percentage has decreased by 30.9% 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 | 31.5% | 2.9% |
% Black | 44.3% | -14.0% |
% Hispanic | 11.7% | -19.3% |
% Asian | 7.3% | 151.7% |
% Foreign Born | 3.8% | -30.9% |
Mortgage and Risk — Buffalo, NY
According to HUD data as of 2023, there were 7 mortgage originations in Buffalo, NY, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in 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 | 7 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Buffalo, NY
Buffalo, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 492 |
Total Units Section 8 | 492 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 90.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,450 | $1,400 |
| 2 Bedroom | -$50 | $1,700 | $1,650 |
| 3 Bedroom | -$1,390 | $3,410 | $2,020 |
| 4 Bedroom | N/A | N/A | $2,280 |
Affordability — Buffalo, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $48,500 |