Real Estate Investing in Buffalo, New York (14227)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14227 (Buffalo, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Buffalo, NY (14227)?
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Market Analysis: 14227 Buffalo
This part of Erie County is not an easy win. The 14227 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 14227 is solid only for operators who understand what they are buying. A $274K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Buffalo have seen price recovery that 14227 has not matched. Erie County data supports the view that the spread is structural rather than temporary.
From an investor standpoint, 21,669 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.
New investors are better served looking at Buffalo's stable or hybrid ZIPs before stepping into 14227. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Buffalo:
Property Strategy for 14227
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $218,569 | $1,510 | 5.0% | +8.5% | $109,284 |
| 3BR | $253,959 | $1,840 | 5.2% | +9.1% | $84,653 |
| 4BR | $295,354 | $2,100 | 5.1% | +8.9% | $73,838 |
| 5BR | $310,546 | — | — | +8.6% | $62,109 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 14227 Compare?
| Metric | 14227 | Buffalo | Buffalo-Cheektowaga, NY | New York |
|---|---|---|---|---|
| Home Value | $273,899 | $237,084 | N/A | $505,608 |
| 5-Year CAGR | 7.4% | 5.8% | N/A | 6.6% |
| Avg Rent | $1,193 | $1,433 | N/A | - |
| Cap Rate | 3.4% | 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 14227 (Buffalo, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $273,899 |
| Monthly Rent | $1,193 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +9.1% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 Rent Trends
| 1-Year | -4.8% ▼ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 14227
Population: 21,669
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 14227
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
DEPEW HIGH SCHOOL
DEPEW MIDDLE SCHOOL
JOHN A SCIOLE ELEMENTARY SCHOOL
CAYUGA HEIGHTS ELEMENTARY 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
Frequently Asked Questions
Do rentals sit vacant long in Buffalo, NY?
Rental vacancy in Buffalo, NY is elevated. Investors should budget normal turnover but not chronic empty units.
How should investors approach Buffalo, NY?
In Buffalo, NY the durable play is typically careful cash-flow rentals with hands-on management. The combination of $274K prices and $1,193/mo rents suits that approach.
How do home values compare in Buffalo, NY?
In Buffalo, NY the median home value sits at $274K. Against the broader NY market, that reads as reasonable for most investors.
What is it like being a landlord in Buffalo, NY?
NY ranks as a tenant-protective state for landlord-tenant law. Buffalo generally follows the statewide framework, so landlords face reasonable operating rules.
How does Buffalo, NY rate as a rental market?
Buffalo, NY scores 3.0/5 for investability. Home values sit at $274K and rents near $1,193/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 14227 now. You don’t know where it ranks.
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How 14227 ranks in Buffalo-Cheektowaga, NY
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