What is the median home value in Buffalo, NY?
The median value of owner-occupied homes in Buffalo, NY is $164,200 (±$5,446), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Buffalo, the median home value went from $89,800 in 2015–2019 to $164,200 in 2020–2024 (+82.9%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median home value
- $164,200 (±$5,446)
- Owner-occupied homes
- 51,496 (±1,556)
- Most common range
- $100,000 to $149,999
Home values in Buffalo
| Value | Buffalo | Erie County | New York | United States |
|---|---|---|---|---|
| Less than $50,000 | 9.4% (±1.2 points) | 4.8% | 3.9% | 5.3% |
| $50,000 to $99,999 | 17.7% (±1.6 points) | 6.6% | 5.6% | 6.1% |
| $100,000 to $149,999 | 18.0% (±1.7 points) | 11.1% | 6.7% | 6.8% |
| $150,000 to $199,999 | 13.9% (±1.4 points) | 16.0% | 8.3% | 9.0% |
| $200,000 to $299,999 | 17.7% (±1.5 points) | 28.3% | 13.2% | 17.8% |
| $300,000 to $499,999 | 14.0% (±1.2 points) | 23.7% | 19.7% | 26.9% |
| $500,000 to $999,999 | 7.9% (±1.1 points) | 8.2% | 30.1% | 20.9% |
| $1,000,000 or more | 1.4% (±0.3 points) | 1.3% | 12.6% | 7.1% |
The most common range is $100,000 to $149,999, 18.0% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Buffalo against Erie County, its state and the nation
| Buffalo | Erie County | New York | United States | |
|---|---|---|---|---|
| Median home value | $164,200 (±$5,446) | $233,800 (±$1,649) | $423,800 (±$1,627) | $332,700 |
| Owner-occupied homes | 51,496 (±1,556) | 269,652 (±2,284) | 4,196,985 (±19,607) | 84,210,142 |
In Buffalo, the median home value is lower than in Erie County ($233,800).
It is also lower than in New York ($423,800).
It is lower than the national figure ($332,700).
In Erie County, Buffalo ranks 26 of 29 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 621 of 1,003.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Buffalo have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $89,800 (±$2,795) | $164,200 (±$5,446) | +82.9% | Up after inflation |
| Median owner cost with a mortgage | $989 (±$19) | $1,207 (±$35) | +22.0% | No measurable change after inflation |
| Median real estate taxes | $1,421 (±$39) | $1,622 (±$67) | +14.1% | Down after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near Buffalo
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Buffalo | — | $164,200 (±$5,446) | — |
| Village of Sloan | 3.4 mi | $146,900 (±$18,547) | Not measurably different |
| Village of Kenmore | 5.0 mi | $208,600 (±$10,518) | Higher |
| Lackawanna | 5.3 mi | $140,700 (±$7,808) | Lower |
| Cheektowaga (community) | 5.6 mi | $185,500 (±$4,542) | Higher |
| Eggertsville | 5.8 mi | $248,100 (±$17,005) | Higher |
| Town of Cheektowaga | 6.1 mi | $185,000 (±$3,655) | Higher |
| Town of Tonawanda | 6.3 mi | $213,900 (±$4,116) | Higher |
| Tonawanda Town | 6.5 mi | $215,200 (±$4,346) | Higher |
Nearby places with a measurably lower figure: Lackawanna, NY ($140,700).
Nearby places with a measurably higher figure: Village of Kenmore, NY ($208,600), Cheektowaga (community), NY ($185,500), Eggertsville, NY ($248,100).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Erie County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 20 | Town of Sardinia | $218,900 (±$19,183) |
| 21 | Town of Tonawanda | $213,900 (±$4,116) |
| 22 | Town of Brant | $201,100 (±$21,744) |
| 23 | Town of Cheektowaga | $185,000 (±$3,655) |
| 24 | Town of Evans | $176,500 (±$9,630) |
| 25 | Tonawanda | $173,600 (±$6,798) |
| 26 | Buffalo | $164,200 (±$5,446) |
| 27 | Town of Collins | $153,000 (±$11,226) |
| 28 | Lackawanna | $140,700 (±$7,808) |
| 29 | Cattaraugus Reservation (Erie County) | $78,300 (±$33,052) |
Showing 10 of 29 places in Erie County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Buffalo
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Buffalo beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Buffalo, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Buffalo, and send estimates and invoices from your phone.
Questions about Buffalo
What is the average home value in Buffalo, NY?
The Census Bureau publishes the median: $164,200 (±$5,446) for owner-occupied homes in Buffalo (2020–2024 American Community Survey).
Have home values in Buffalo gone up?
In Buffalo, the median home value went from $89,800 in 2015–2019 to $164,200 in 2020–2024 (+82.9%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Is this what homes in Buffalo sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Buffalo city, Erie County, New York
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Buffalo city, Erie County, New York
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Buffalo city, Erie County, New York
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Buffalo city, Erie County, New York
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Buffalo city, Erie County, New York (county subdivision:11000, in state:36 county:029).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Buffalo at a glance
- Median rent in Buffalo
- Rent by bedrooms in Buffalo
- Rent burden in Buffalo
- Renters and owners in Buffalo
- Income and affordability in Buffalo
- Homeowner costs in Buffalo
- Property taxes in Buffalo
- Types of homes in Buffalo
- Bedrooms in Buffalo
- Age of homes in Buffalo
- Vacancy rate in Buffalo
- Heating fuel in Buffalo
- Commute and cars in Buffalo
- Crime reported to police in Buffalo
- Population growth in Buffalo
- How long people stay in Buffalo
- Crowding and facilities in Buffalo
- Fair Market Rent in Buffalo
- Local landlord and tenant rules in Buffalo
- New York landlord and tenant rules
- Housing across Erie County
- New York places ranked by median home value
- Housing data for every place in New York