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Housing in Buffalo, New York

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HousingBuffalo, NYUnited States
Median Home Age7337
Median Home Cost$54,600$170,100
Home Appr. Last 12 months4.00%4.90%
Home Appr. Last 5 yrs.9.00%-4.60%
Home Appr. Last 10 yrs.29.50%12.70%
Property Tax Rate$26.96$12.07
Homes Owned34.94%57.34%
Housing Vacant17.31%12.47%
Homes Rented47.75%30.19%
AVERAGE RENT FOR HOME OR APARTMENT
Studio Apartment$560$661
1 Bedroom Home or Apartment$594$765
2 Bedroom Home or Apartment$741$957
3 Bedroom Home or Apartment$946$1,289
4 Bedroom Home or Apartment$1,072$1,490
VACANT HOUSING
Vancant For Rent3.07%2.50%
Vancant Rented0.88%0.46%
Vancant For Sale0.64%1.38%
Vancant Sold0.61%0.46%
Vancant Vacation0.31%3.81%
Vancant Other11.80%3.87%
VALUE OF OWNER-OCCUPIED HOUSING
Less Than $20,0005.16%3.30%
$20,000 to $39,99915.41%3.44%
$40,000 to $59,99922.35%4.18%
$60,000 to $79,99916.48%5.80%
$80,000 to $99,99910.60%7.08%
$100,000 to $149,99911.91%15.77%
$150,000 to $199,9995.70%15.03%
$200,000 to $299,9995.64%18.50%
$300,000 to $399,9992.52%10.39%
$400,000 to $499,9991.81%5.66%
$500,000 to $749,9991.85%6.39%
$750,000 to $999,9990.32%2.28%
$1,000,000 or more0.24%2.18%
HOUSING UNITS BY YEAR STRUCTURE BUILT
2010 and newer0.04%0.29%
2000 to 20091.69%14.18%
1990 to 19992.66%13.96%
1980 to 19892.09%13.99%
1970 to 19793.31%16.09%
1960 to 19692.66%13.96%
1950 to 195910.87%11.05%
1940 to 194910.50%5.59%
1939 or Earlier64.17%13.68%

The median home value in Buffalo, NY, is $54,600. Home appreciation is 4.00% over the last year. The median age of Buffalo, NY, real estate is 73 years.

Buffalo, NY Apartments and Rentals

Renters make up 47.75% of the Buffalo, NY, population. 17.31% of houses and apartments in Buffalo, NY, are unoccupied (vacancy rate).


Buffalo Housing SperlingViews

Cost of Living: The region provides a good value in terms of cost of living when compared to other metro... (read more)Overall, a good place: Friendly people, average costs, longer commutes compared to where I moved from (Kalamazoo, MI), has many of the challenges of older urban... (read more)taxes: Although housing is inexpensive, property taxes, state income taxes and increasing taxes on consumables, are onerous. Over 30% of the state's income taxes originated... (read more)Have an opinion about Buffalo? Leave a commentTo See All SperlingViews for Buffalo Click Here