Home Values

Buffalo Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$129,400

  • 5.0% 1-year change
  • 2.7% 1-year forecast

The median home value in Buffalo Metro is $129,400. Buffalo Metro home values have gone up 5.0% over the past year and Zillow predicts they will rise 2.7% within the next year. The median price of homes currently listed in Buffalo Metro is $139,900. The median rent price in Buffalo Metro is $850, which is lower than the New York median of $2,350.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Buffalo Metro is 6.7%, which is lower than the national value of 6.9%.

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Relative ZHVI
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Buffalo Metro Market Overview

Data through Oct 31, 2014
  • $129,400 ZHVI
  • 2.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $139,900 Median listing price
  • No data Median sale price
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Buffalo Metro Market Health

Data through Oct 31, 2014
  • 3.8/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 96 Average days on Zillow (Sep 30, 2014)
  • No data Homes with negative equity (17.0% US Avg)
  • 6.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.8 homes New York
4.5 homes United States
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Cities in Buffalo Metro

Name Median ZHVI
Wheatfield $182,000
Town of Lewiston $169,600
North Tonawanda $106,900
Name Median ZHVI
Town of Lockport $96,900
Niagara Falls $61,600
 

Listings & Sales

Data through Oct 31, 2014
  • $96 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 50.2% Listings with price cut
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Buffalo Metro Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,203 Buffalo Metro
    $1,911 New York
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $850 Rent list price
  • No data Rent list price / sq ft
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