The housing market in Buffalo, NY (14208) is growing at a faster rate than the national average. The median value of homes in the area is $130,200, which is much lower than the US house median value of $338,100. In the past year, houses in Buffalo have appreciated by 12%, which is 4.73% higher than the national appreciation rate of 8.27%. There are many affordable housing options for those looking to purchase a home in this region and with prices continuing to appreciate at a fast pace, there may be potential for future gains on investments.
The median home cost in Buffalo (zip 14208) is $130,200. Home appreciation the last 10 years has been 109.1%. Home Appreciation in Buffalo (zip 14208) is up 15.3%.
Average Age of Homes
- The median age of Buffalo (zip 14208) real estate is 78 years old
The Rental Market in Buffalo (zip 14208)
- Renters make up 43.1% of the Buffalo (zip 14208) population
- 2.7% of houses and apartments in Buffalo (zip 14208), 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.