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  5. /University District, Buffalo, NY - 14215

University District, Buffalo, NY—14215

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$152,000
3.2% YoY Growth
Household Income
$43,300
24.0% YoY Growth
Days on Market
26
6.0% Shorter YoY
Home Price Forecast
2.7%
Median Rent
$1,120
7.2% YoY Growth
1-Bed Rent
$650
11.1% YoY Growth
2-Bed Rent
$1,050
0.9% YoY Growth
3-Bed Rent
$1,350
7.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — University District, Buffalo, NY

As of May '26, the median home price in University District, Buffalo, NY is $152,000, with a year-over-year change of 3.2%. This indicates that home prices in University District, Buffalo, NY are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$152,0003.2%
Single Family $152,0002.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$139,0003.0%
    3 Bed
    		$150,0002.7%
    4 Bed
    		$158,0004.6%
    5 Bed $170,5997.4%
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    % of Housing Stock

    Studio
    0.8%
    1 Bedroom
    5.5%
    2 Bedrooms
    26.9%
    3 Bedrooms
    42.9%
    4 Bedrooms
    17.6%
    5+ Bedrooms
    6.4%

    Rental Trends — University District, Buffalo, NY

    As of July '25, Rentcast reports the average rent in University District, Buffalo, NY is $1,160, with a year-over-year rent change of -7.2%. Per bedroom, the median rent as of July '25 in University District, Buffalo, NY is 1-bedrooms: $800, 2-bedrooms: $1,080, 3-bedrooms: $1,380, 4-bedrooms: $2,000. The most common rental property sizes in University District, Buffalo, NY are 2-bedroom and 3-bedroom, accounting for 40.1% and 35.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,120$1,160
    Studio Rent N/AN/A
    1 Bed Rent $650$800
    2 Bed Rent $1,050$1,080
    3 Bed Rent $1,350$1,380
    4 Bed Rent $2,000$2,000
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    % of Rental Stock

    Studio
    0.8%
    1 Bedroom
    7.9%
    2 Bedrooms
    40.1%
    3 Bedrooms
    35.2%
    4 Bedrooms
    13.4%
    5+ Bedrooms
    2.6%

    Property Listings — University District, Buffalo, NY

    As of May '26, Realtor.com reports that the median days on market for a home in University District, Buffalo, NY is 26. 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 10.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$160,000-1.0%
    Listing Count
    		11929.0%
    Listings as % of Homes0.4%29.0%
    Days on Market
    		26-6.0%
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    Demographics — University District, Buffalo, NY

    As of the latest ACS Survey released in 2023, University District, Buffalo, NY has a population of 42,800, which has increased by 7.1% over the past 5 years. University District, Buffalo, NY is a popular place for families, as children make up 25.8% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		42,8007.1%
    % Under 18
    		25.8%-1.5%
    % Seniors
    		12.3%7.0%
    % WFH
    		8.3%176.7%
    % w/ College Degree
    		19.0%5.6%
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    As of the latest ACS Survey released in 2023, University District, Buffalo, NY is a predominantly black area, with 68.4% of the population identifying as black. The black population has shrunk by 11.9% in the last 5 years. The second most common race or ethnicity in University District, Buffalo, NY is white, making up 15.1% of the population. Foreign-born residents account for 8.8% of the population in University District, Buffalo, NY, and this percentage has increased by 51.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		15.1%11.0%
    % Black
    		68.4%-11.9%
    % Hispanic
    		6.0%66.7%
    % Asian
    		6.7%91.4%
    % Foreign Born
    		8.8%51.7%
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    Mortgage and Risk — University District, Buffalo, NY

    According to HUD data as of 2023, there were 322 mortgage originations in University District, Buffalo, NY, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in University District, Buffalo, NY. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		322
    % Conventional Loans
    		82.0%
    % Government Loans
    		18.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — University District, Buffalo, NY

    As of 2024, the percent of homes in University District, Buffalo, NY under the Section 8 program is 19.1%. 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 units appear to be good home sizes to consider for Section 8 housing in University District, Buffalo, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		2,608
    Total Units Section 8
    		1,635
    % Rentals under Section 8
    		19.1%
    % Occupied Section 8
    		81.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$250$650$900
    2 Bedroom$0$1,050$1,050
    3 Bedroom-$60$1,350$1,290
    4 Bedroom-$550$2,000$1,450

    Affordability — University District, Buffalo, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$152,000
    Median Household Income$43,300

    University District, Buffalo, NY — ZIP Code Boundary Map

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    Frequently Asked Questions