Amherst, Buffalo, NY14226

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$304,000
2.7% YoY Growth
Median Household Income
$83,000
19.0% 5-Year Growth
Days on Market
30
7.0% Shorter than last year
Home Price Forecast
1.8%
Median Rent
$1,880
0.5% YoY Growth
1-Bed Rent
$2,300
100.9% YoY Growth
2-Bed Rent
$1,400
1.3% YoY Growth
3-Bed Rent
$2,200
2.6% YoY Growth

Other Zip Codes in Amherst, Buffalo, NY

Property Listings — Amherst, Buffalo, NY

As of Oct '25, Realtor.com reports that the median days on market for a home in Amherst, Buffalo, NY is 30. This is a decrease of -7.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$279,0004.0%
Listing Count
1068.0%
Listings as % of Homes0.4%8.0%
Days on Market
30-7.0%
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Demographics — Amherst, Buffalo, NY

As of the latest ACS Survey released in 2023, Amherst, Buffalo, NY has a population of 29,500, which has remained stable by -0.7% over the past 5 years. Amherst, Buffalo, NY is a moderately popular place for families, as children make up 21.4% of the population. The area has a highly educated workforce, with 57.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.

MetricLatest CensusYoY % Change
Population
29,500-0.7%
% Under 18
21.4%2.4%
% Seniors
17.6%10.7%
% WFH
12.9%200.0%
% w/ College Degree
57.1%3.1%
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As of the latest ACS Survey released in 2023, Amherst, Buffalo, NY is a predominantly white area, with 74.1% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Amherst, Buffalo, NY is black, making up 10.0% of the population. Foreign-born residents account for 12.6% of the population in Amherst, Buffalo, NY, and this percentage has increased by 7.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
74.1%-0.1%
% Black
10.0%-2.0%
% Hispanic
4.7%-4.1%
% Asian
7.4%15.6%
% Foreign Born
12.6%7.7%
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Mortgage and Risk — Amherst, Buffalo, NY

According to HUD data as of 2023, there were 488 mortgage originations in Amherst, Buffalo, NY, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Amherst, Buffalo, NY. Investor activity is low, as 2.0% 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
488
% Conventional Loans
89.0%
% Government Loans
11.0%
% Investor Loans
2.0%
% Second Loans
1.0%
% Cash Out Refinance
11.0%

Loan Activity

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Rentals and Section 8 — Amherst, Buffalo, NY

As of 2024, the percent of homes in Amherst, Buffalo, NY under the Section 8 program is 19.7%. 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. In Amherst, Buffalo, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD
735
Total Units Section 8
734
% Rentals under Section 8
19.7%
% Occupied Section 8
87.3%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom-$1,160$2,300$1,140
2 Bedroom-$60$1,400$1,340
3 Bedroom-$560$2,200$1,640
4 Bedroom-$850$2,700$1,850

Affordability — Amherst, Buffalo, NY

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio3.2
Median Home Price$304,000
Median Household Income$83,000

Amherst, Buffalo, NY — ZIP Code Boundary Map

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Frequently Asked Questions