Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Buffalo area can be challenging. Home prices in Buffalo are now at a median cost of $174,910, lower than the New York average of $481,023.
The average cost of rent is $951/mo in Buffalo, primarily driven by the current value of real estate in the Buffalo area. While nearly 43.24% of residents own their homes outright in Buffalo, 32.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in Buffalo is $5,743 per month. Households that rent pay about 16.55% of their income on rent here. Buffalo's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Eggertsville, NY: equally priced homes
- Sloan, NY: less expensive homes
- Kenmore, NY: equally priced homes
- Cheektowaga, NY: less expensive homes
- Tonawanda, NY: less expensive homes
- Williamsville, NY: higher priced homes
- University at Buffalo, NY: equally priced homes
- DePew, NY: equally priced homes
- Bowmansville, NY: higher priced homes
- West Seneca, NY: equally priced homes
Cities with Similar Populations
- Olathe, KS: higher priced homes
- Ocala, FL: equally priced homes
- Noblesville, IN: higher priced homes
- Newport News, VA: higher priced homes
- Newnan, GA: higher priced homes
- New York, NY: higher priced homes
- Newark, DE: higher priced homes
- Norristown, PA: higher priced homes
- Newark, NJ: higher priced homes
- Odessa, TX: higher priced homes
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