Property Prices in Buffalo, NY, United States

Index Info
Price to Income Ratio: 3.23
Mortgage as Percentage of Income: 29.01%
Loan Affordability Index: 3.45
Price to Rent Ratio - City Centre: 7.75
Price to Rent Ratio - Outside of Centre: 9.65
Gross Rental Yield (City Centre): 12.90%
Gross Rental Yield (Outside of Centre): 10.36%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,485.71 $ 1,000.00-1,800.00
Apartment (1 bedroom) Outside of Centre 1,118.75 $ 900.00-1,500.00
Apartment (3 bedrooms) in City Centre 1,964.29 $ 1,300.00-2,600.00
Apartment (3 bedrooms) Outside of Centre 1,692.86 $ 1,500.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 205.57 $ 167.97-867.71
Price per Square Feet to Buy Apartment Outside of Centre 203.17 $ 167.97-648.18
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,400.83 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.53 6.19-6.80

These data are based on 106 entries from 27 contributors over the past 18 months.
Last update: April 2025

Sources and References
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