Masten Park, Buffalo, NY—14208
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Masten Park, Buffalo, NY
As of Oct '25, the median home price in Masten Park, Buffalo, NY is $139,000, with a year-over-year change of -0.8%. This indicates that home prices in Masten Park, Buffalo, NY are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $139,000 | -0.8% |
| Single Family | $139,000 | -0.7% |
| 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 | $140,000 | 0.7% |
4 Bed | $135,000 | -1.5% |
| 5 Bed | $165,000 | -0.6% |
% of Housing Stock
Rental Trends — Masten Park, Buffalo, NY
As of July '25, Rentcast reports the average rent in Masten Park, Buffalo, NY is $1,330, with a year-over-year rent change of -5.7%. Per bedroom, the median rent as of July '25 in Masten Park, Buffalo, NY is 1-bedrooms: $600, 2-bedrooms: $1,160, 3-bedrooms: $1,240, 4-bedrooms: $1,920. The most common rental property sizes in Masten Park, Buffalo, NY are 3-bedroom and 1-bedroom, accounting for 48.3% and 21.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,330 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $600 | $600 |
| 2 Bed Rent | $950 | $1,160 |
| 3 Bed Rent | $1,300 | $1,240 |
| 4 Bed Rent | $1,650 | $1,920 |
% of Rental Stock
Property Listings — Masten Park, Buffalo, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Masten Park, Buffalo, NY is 32. This is a decrease of -45.0% 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 | $205,000 | 50.0% |
Listing Count | 19 | -16.0% |
| Listings as % of Homes | 0.4% | -16.0% |
Days on Market | 32 | -45.0% |
Demographics — Masten Park, Buffalo, NY
As of the latest ACS Survey released in 2023, Masten Park, Buffalo, NY has a population of 12,700, which has increased by 17.8% over the past 5 years. Masten Park, Buffalo, NY is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 23.0% 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 | 12,700 | 17.8% |
% Under 18 | 22.3% | 0.5% |
% Seniors | 16.0% | -4.2% |
% WFH | 9.3% | 181.8% |
% w/ College Degree | 23.0% | 25.7% |
As of the latest ACS Survey released in 2023, Masten Park, Buffalo, NY is a predominantly black area, with 73.1% of the population identifying as black. The black population has shrunk by 7.8% in the last 5 years. The second most common race or ethnicity in Masten Park, Buffalo, NY is white, making up 15.3% of the population. Foreign-born residents account for 7.4% of the population in Masten Park, Buffalo, NY, and this percentage has increased by 32.1% 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 | 15.3% | 5.5% |
% Black | 73.1% | -7.8% |
% Hispanic | 2.8% | -20.0% |
% Asian | 5.8% | 114.8% |
% Foreign Born | 7.4% | 32.1% |
Mortgage and Risk — Masten Park, Buffalo, NY
According to HUD data as of 2023, there were 106 mortgage originations in Masten Park, Buffalo, NY, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Masten Park, Buffalo, NY. Investor activity is low, as 7.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 106 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Masten Park, Buffalo, NY
As of 2024, the percent of homes in Masten Park, Buffalo, NY under the Section 8 program is 28.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Masten Park, Buffalo, NY, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 640 |
Total Units Section 8 | 603 |
% Rentals under Section 8 | 28.7% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $600 | $940 |
| 2 Bedroom | $160 | $950 | $1,110 |
| 3 Bedroom | $60 | $1,300 | $1,360 |
| 4 Bedroom | -$120 | $1,650 | $1,530 |
Affordability — Masten Park, Buffalo, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $139,000 |
| Median Household Income | $46,900 |