The housing market in Buffalo-Cheektowaga-Niagara Falls, NY Metro Area is quite strong. The median value of a house in this area is $224,000, which is lower than the US median house value of $338,100. This attractive price point makes it an appealing option for those looking to purchase a home in the area. In addition, the rate of house appreciation over the last year has been 10.48%, higher than the US average of 8.27%. This means that people who purchase homes here can expect to see significant increases in their home values over time. The housing market in Buffalo-Cheektowaga-Niagara Falls offers both affordability and potential for growth for those interested in buying a home.
The median home cost in Buffalo-Cheektowaga Metro Area is $224,000. Home appreciation the last 10 years has been 98.5%. Home Appreciation in Buffalo-Cheektowaga Metro Area is up 14.7%.
Average Age of Homes
- The median age of Buffalo-Cheektowaga Metro Area real estate is 62 years old
The Rental Market in Buffalo-Cheektowaga Metro Area
- Renters make up 30.5% of the Buffalo-Cheektowaga Metro Area population
- 1.4% of houses and apartments in Buffalo-Cheektowaga Metro Area, 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.