Buffalo, NY 14240 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
County Demographics
County Economy
Buffalo, NY — 14240
Median Listing Price
--
Population
--
Households
409,665
Median Days on Market
--
Active Listings
--
New Listings
--
Housing Market
Units & Occupancy
2024 Occupancy
441K
units
Occupied
409,665
92.8%
Vacant
31,549
7.2%
2024 Tenure
410K
occupied
Owner
269,652
65.8%
Renter
140,013
34.2%
Renter Share
34.2%
-1.1% YoY
Total Housing Units
441,214
+0.3% YoY
FY2026 Fair Market Rent — Erie County
HUD government estimate (40th percentile) — 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
Source: HUD Fair Market Rents
County Demographics
Median Age
40.4
2024
Population
Erie County Population
950,602
+0.2% YoY
Households
Total Households
409,665
+0.2% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.26
0.0% YoY
Age
2024 Age Mix
951K
residents
Under 18
191,431
20.1%
Adults 18–64
575,841
60.6%
65 & Over
183,350
19.3%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & 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
of residents
Same house
89.4%
Moved (within US)
10.1%
Other
0.5%
Veterans
5.7%
-5.0% YoY
County Economy
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
of workers
Drove alone
72.4%
Public transit
2.8%
Worked from home
12.9%
Other
11.9%
Worked From Home
12.9%
+13.2% YoY
Mean Commute
21.30
0.0% YoY
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