📊 New York · Housing Market 2026
Buffalo Housing Market Data 2026
Median prices, cap rates, rent benchmarks, and investment outlook for Buffalo, New York — data sourced from Zillow, HUD FMR, and Census ACS.
🟡 Moderate Market
Median Price:$198,000
Cap Rate:7.9%
Vacancy:8.5%
$198,000
Median Home Price
YoY: +5.2%
7.9%
Avg Cap Rate
Cash-on-cash: 7.1%
$1,380
Median Rent (2BR/mo)
YoY: +3.1%
8.5%
Vacancy Rate
High — watch carefully
44 days
Days on Market
Moderate pace
$198,000 / 7.9%
Price / Cap Rate
🟡 Moderate Market
📈 Market Analysis — Buffalo, NY
**2026 Buffalo, NY Real Estate Investment Outlook**
Buffalo enters 2026
🏘️ Rent Breakdown — HUD Fair Market Rents
HUD Fair Market Rent represents the 40th percentile of gross rents paid by recent movers in Buffalo. Used as a benchmark for Section 8 voucher limits and rental market analysis.
| Bedroom Count | Monthly Rent (HUD FMR) | Annual Rental Income | Est. Cap Rate at Median Price |
|---|---|---|---|
| 1 Bedroom | $1,060/mo | $12,720/yr | 4.5% est. |
| 2 Bedrooms | $1,380/mo | $16,560/yr | 5.9% est. |
| 3 Bedrooms | $1,840/mo | $22,080/yr | 7.8% est. |
* Estimated cap rate uses the 70% rule (30% reserved for expenses). Actual cap rates vary by property and management style.
💰 Cost of Investing in Buffalo
| Cost Item | Rate / Amount | Est. Annual Cost | Monthly Cost |
|---|---|---|---|
| Property Tax | 1.5% effective rate | $3,049 | $254/mo |
| Homeowners Insurance | New York avg premium | $1,900 | $158/mo |
| Total Tax + Insurance | Based on median home price of $198,000 | $412/mo | |
These figures reflect state-level averages. Property tax rates vary by county; insurance costs vary by property type, age, and claims history. Source: Tax Foundation (2025), NAIC (2024).
⚖️ How Buffalo Compares to National Averages
Avg Cap Rate
7.9%
National avg: 5.5%
✓ Above average
Median Home Price
$198,000
National avg: $371,696
✓ More affordable
Vacancy Rate
8.5%
National avg: 7.8%
Above avg vacancy
2BR Median Rent
$1,380/mo
National avg: $1,469/mo
Days on Market
44 days
National avg: 41 days
Price Growth YoY
+5.2%
National avg: +3.6%
National averages calculated across all 69 tracked US investor markets. A cap rate above the national average suggests stronger cash flow potential relative to purchase price.
🗺️ Nearby Markets in New York
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