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City

ZIP codes

Buffalo, NY · 14231

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $73K, +2.3% YoY (county); renters hold 34.2% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: . The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

Population

409,665

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 441,214

441Kunits

Occupied409,66592.8%

Vacant31,5497.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 409,665

410Koccupied

Owner269,65265.8%

Renter140,01334.2%

Renter Share

34.2%-1.1% YoY

Total Housing Units

441,214+0.3% YoY

FY2026 Fair Market Rent

CountyErie County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,105

/month

1 BR

$1,139

/month

2 BR

$1,343

/month

3 BR

$1,640

/month

4 BR

$1,869

/month

FMR trends · Erie County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 0.1% to 950,622: residents under 18 are down 0.6% and those 65 and over are up 2.6%.

Median Age

40.42024

Population

Erie County Population

950,602+0.2% YoY

Households

Total Households

409,665+0.2% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.260.0% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 950,622

951Kresidents

Under 18191,43120.1%

Adults 18–64575,84160.6%

65 & Over183,35019.3%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

191,431-0.6% YoY

Population 65 & Over

183,350+2.6% YoY

Median Age

40.40+0.2% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house89.4%

Moved (within US)10.1%

Other0.5%

Veterans

5.7%-5.0% YoY

County Economy

County median household income is $73K, 13.9% of residents are below the poverty level, 12.9% work from home.

Income

Median Household Income

$73K+2.3% YoY

Per-Capita Income

$43K+2.9% YoY

Mean Household Income

$98K+2.8% YoY

Poverty

Below Poverty Level

13.9%-0.7% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone72.4%

Public transit2.8%

Worked from home12.9%

Other11.9%

Worked From Home

12.9%+13.2% YoY

Mean Commute

21.300.0% YoY

Done with 14231? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Buffalo, NY · 14231

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $73K, +2.3% YoY (county); renters hold 34.2% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

Population

409,665

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 441,214

441Kunits

Occupied409,66592.8%

Vacant31,5497.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 409,665

410Koccupied

Owner269,65265.8%

Renter140,01334.2%

Renter Share

34.2%-1.1% YoY

Total Housing Units

441,214+0.3% YoY

FY2026 Fair Market Rent

CountyErie County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,105

/month

1 BR

$1,139

/month

2 BR

$1,343

/month

3 BR

$1,640

/month

4 BR

$1,869

/month

FMR trends · Erie County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 0.1% to 950,622: residents under 18 are down 0.6% and those 65 and over are up 2.6%.

Median Age

40.42024

Population

Erie County Population

950,602+0.2% YoY

Households

Total Households

409,665+0.2% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.260.0% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 950,622

951Kresidents

Under 18191,43120.1%

Adults 18–64575,84160.6%

65 & Over183,35019.3%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

191,431-0.6% YoY

Population 65 & Over

183,350+2.6% YoY

Median Age

40.40+0.2% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house89.4%

Moved (within US)10.1%

Other0.5%

Veterans

5.7%-5.0% YoY

County Economy

County median household income is $73K, 13.9% of residents are below the poverty level, 12.9% work from home.

Income

Median Household Income

$73K+2.3% YoY

Per-Capita Income

$43K+2.9% YoY

Mean Household Income

$98K+2.8% YoY

Poverty

Below Poverty Level

13.9%-0.7% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone72.4%

Public transit2.8%

Worked from home12.9%

Other11.9%

Worked From Home

12.9%+13.2% YoY

Mean Commute

21.300.0% YoY

Done with 14231? Put it next to another market.