Buffalo
New York · Ranked #11 of 102 metros
70Affordable
Median Home Price
🏠$210K
Need $60K income
Median Rent
🔑$1K
Need $40K income
Housing Shortage
📉10,000
units needed
Building Permits
🔨3,500
annual
Median Income
💰$58K
Pop: 1,166,902
Rent Burden
⚠️31.0%
of renters paying >30%
Price Change (YoY)
📈+6.5%
Homeownership
🏡63.5%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Buffalo | National |
|---|---|---|
| Price-to-Income Ratio | 3.6x | 6.1x |
| Rent Burden | 31.0% | 31.5% |
| Homeownership Rate | 63.5% | 65.5% |
| YoY Price Change | +6.5% | +3.5% |
| YoY Rent Change | +5% | +2.8% |
| Mortgage Denial Rate | 14.5% | 13.5% |
| Eviction Rate | 4.0% | 3.6% |