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Buffalo, NY Real Estate

Buffalo anchors one of New York's largest metro areas with a population of about 276,397. The median home value is near $152,300, and median rent runs around $989/mo.

Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.

Median Home Value
$152,300
Median Rent
$989/mo
Population
276,397
Median Income
$48,050
Median Age
34.3
Homeownership
42.7%

Monthly payment on a median Buffalo home

Example for a $152,300 home: 20% down, 30-yr at ~6.75%, NY property tax ~1.70%, 0.4% insurance.

Est. monthly (PITI)
$1,057
Principal & interest
$790
Property tax / mo
$216
Down payment (20%)
$30,460

Buffalo at a glance

  • 16.9% of residents 25+ hold a bachelor's degree or higher.
  • 42.7% of occupied homes are owner-occupied.
  • Median household income is $48,050.
  • Always verify the assigned school district, flood zone, and HOA for a specific address before signing.

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