Lackawanna, Buffalo, NY—14218
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lackawanna, Buffalo, NY
As of Oct '25, the median home price in Lackawanna, Buffalo, NY is $210,000, with a year-over-year change of 7.1%. This indicates that home prices in Lackawanna, 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 | $210,000 | 7.1% |
| Single Family | $210,000 | 7.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $159,000 | 4.6% |
3 Bed | $217,000 | 7.4% |
4 Bed | $221,000 | 7.8% |
| 5 Bed | $216,000 | 6.9% |
% of Housing Stock
Rental Trends — Lackawanna, Buffalo, NY
As of July '25, Rentcast reports the average rent in Lackawanna, Buffalo, NY is $1,390, with a year-over-year rent change of 23.0%. Per bedroom, the median rent as of July '25 in Lackawanna, Buffalo, NY is studios: $795, 1-bedrooms: $1,170, 2-bedrooms: $1,430, 3-bedrooms: $1,640. The most common rental property sizes in Lackawanna, Buffalo, NY are 2-bedroom and 3-bedroom, accounting for 49.0% and 25.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,390 |
| Studio Rent | $795 | $795 |
| 1 Bed Rent | $950 | $1,170 |
| 2 Bed Rent | $1,500 | $1,430 |
| 3 Bed Rent | $1,250 | $1,640 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lackawanna, Buffalo, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Lackawanna, Buffalo, NY is 22. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $228,000 | 10.0% |
Listing Count | 32 | -31.0% |
| Listings as % of Homes | 0.3% | -31.0% |
Days on Market | 22 | -1.0% |
Demographics — Lackawanna, Buffalo, NY
As of the latest ACS Survey released in 2023, Lackawanna, Buffalo, NY has a population of 20,700, which has increased by 9.0% over the past 5 years. Lackawanna, Buffalo, NY is a moderately popular place for families, as children make up 22.2% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,700 | 9.0% |
% Under 18 | 22.2% | -12.3% |
% Seniors | 15.7% | 0.0% |
% WFH | 6.2% | 1,450.0% |
% w/ College Degree | 21.0% | 38.2% |
As of the latest ACS Survey released in 2023, Lackawanna, Buffalo, NY is a predominantly white area, with 73.1% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Lackawanna, Buffalo, NY is black, making up 13.5% of the population. Foreign-born residents account for 7.4% of the population in Lackawanna, Buffalo, NY, and this percentage has decreased by 30.8% 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 | 73.1% | -4.1% |
% Black | 13.5% | 32.4% |
% Hispanic | 9.7% | 10.2% |
% Asian | 0.8% | 33.3% |
% Foreign Born | 7.4% | -30.8% |
Mortgage and Risk — Lackawanna, Buffalo, NY
According to HUD data as of 2023, there were 204 mortgage originations in Lackawanna, Buffalo, NY, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Lackawanna, 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 | 204 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Lackawanna, Buffalo, NY
Lackawanna, Buffalo, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 997 |
Total Units Section 8 | 395 |
% Rentals under Section 8 | 10.1% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $950 | $900 |
| 2 Bedroom | -$450 | $1,500 | $1,050 |
| 3 Bedroom | $40 | $1,250 | $1,290 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Lackawanna, Buffalo, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $210,000 |
| Median Household Income | $50,500 |