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Located near the eastern end of Lake Erie, a primary gateway for its commerce and industry, and to travel across the Canada-United States border, which became part of the bi-national Buffalo Niagara Region. The city has a rapid development in the waterfront and is one of the United States’ most advanced medical corridors. With the local government’s partnership with local and national investors, there is now an increase in new businesses in the city. The city’s housing costs are reasonably lower compared to the national median. This makes homeownership affordable, and everyday expenses such as grocery and its utilities are below the national average. Buffalo remains diverse, with its immigrants from all over the world settling in the city and as well as a large number of students and millennials.

Home Prices

AVERAGE
502,253 +8%
MEDIAN
356,000 -16%

Relative Price (per sqft.)

PRICE
243 +12%

Listings

ACTIVE
24 +14%
NEW
8 0%

Market Duration

DAYS
76 +42%
Population 258,959 (-11.30%)
House Size (sqft.) 1,573 (-14.93%)