Real Estate Investing in Buffalo, New York (14213)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14213 (Buffalo, NY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 15.4% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 26.1% poverty rate — can affect rent collection.
What’s happening in Buffalo, NY (14213)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 14213 Buffalo
Meanwhile, ZIP 14213 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $208K median. It rewards specialists, not generalists.
Rent of $1,354/mo on a $208K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 14213 sits below the stated 0.0% once reality is priced in.
Within NY, ZIP 14213 trails on several market indicators that neighboring Erie County submarkets outperform. The gap is real and substantial enough to shape underwriting.
From an investor standpoint, 23,072 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 14213 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Buffalo:
Property Strategy for 14213
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $173,666 | $1,310 | 5.4% | +8.1% | $86,833 |
| 3BR | $180,082 | $1,600 | 6.4% | +5.4% | $60,027 |
| 4BR | $204,990 | $1,820 | 6.4% | +5.3% | $51,247 |
| 5BR | $203,466 | — | — | +3.9% | $40,693 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 14213 Compare?
| Metric | 14213 | Buffalo | Buffalo-Cheektowaga, NY | New York |
|---|---|---|---|---|
| Home Value | $207,906 | $237,084 | N/A | $505,608 |
| 5-Year CAGR | 4.6% | 5.8% | N/A | 6.6% |
| Avg Rent | $1,354 | $1,433 | N/A | - |
| Cap Rate | 5.1% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14213 (Buffalo, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $207,906 |
| Monthly Rent | $1,354 |
| Price-to-Rent | 12.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +9.5% ▲ |
🏠 Rent Trends
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +5.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 14213
Population: 23,072
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 14213
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BENNETT PARK MONTESSORI SCHOOL
BUFFALO ACADEMY FOR THE VISUAL & PERFORMING ARTS
BUFFALO ELEMENTARY SCHOOL OF TECHNOLOGY
BUFFALO SCHOOL OF CULINARY ARTS AND HOSPITALITY MANAGEMENT
BURGARD HIGH SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,856 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How expensive is real estate in Buffalo, NY?
Typical homes in Buffalo, NY go for around $208K. The 5-year CAGR of 0.0% consistent price movement.
What are vacancy rates like in Buffalo, NY?
Rental vacancy in Buffalo, NY is elevated. Investors should budget normal turnover but not chronic empty units.
How strong is tenant demand in Buffalo, NY?
Tenant demand in Buffalo, NY is solid. The local workforce $1,354/mo rents across most rental classes.
What type of investing works in Buffalo, NY?
Buffalo, NY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($208K prices, $1,354/mo rents) make it a reasonable choice.
Does Buffalo, NY make sense for an investment property?
Our data puts Buffalo, NY at 3.0/5 for investability. Home prices of $208K and rents around $1,354/mo create a solid backdrop for investor activity.
You know 14213 now. You don’t know where it ranks.
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How 14213 ranks in Buffalo-Cheektowaga, NY
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