Buffalo, NY is experiencing an increase in housing median value, with the median value at $204,600. This is a significant difference from the US House Median Value of $338,100. In addition to this, Buffalo is also experiencing a higher rate of appreciation than the US at 12%, compared to 8.27%. This increase indicates that Buffalo is a desirable location for potential homeowners and investors alike.
The median home cost in Buffalo is $204,600. Home appreciation the last 10 years has been 109.1%. Home Appreciation in Buffalo is up 15.3%.
Average Age of Homes
- The median age of Buffalo real estate is 78 years old
The Rental Market in Buffalo
- Renters make up 48.8% of the Buffalo population
- 1.8% of houses and apartments in Buffalo, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.