Real Estate Investing in Buffalo, New York (14228)
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Should you buy in 14228 (Buffalo, NY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 (14228)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 14228 Buffalo
The 14228 ZIP covers a section of Buffalo that demands careful diligence. Prices near $363K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 14228 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 14228 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 14228 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 14228 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 14228
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $156,249 | $1,440 | 6.6% | +10.7% | $156,249 |
| 2BR | $217,595 | $1,700 | 5.6% | +8.4% | $108,797 |
| 3BR | $330,754 | $2,080 | 4.5% | +8.0% | $110,251 |
| 4BR | $466,306 | $2,370 | 3.7% | +8.1% | $116,577 |
| 5BR | $516,876 | — | — | +8.0% | $103,375 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 14228 Compare?
| Metric | 14228 | Buffalo | Buffalo-Cheektowaga, NY | New York |
|---|---|---|---|---|
| Home Value | $362,535 | $237,084 | N/A | $505,608 |
| 5-Year CAGR | 6.8% | 5.8% | N/A | 6.6% |
| Avg Rent | $1,692 | $1,433 | N/A | - |
| Cap Rate | 3.6% | 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 14228 (Buffalo, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $362,535 |
| Monthly Rent | $1,692 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 14228
Population: 24,345
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 14228
Schools in This ZIP Code
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 2,969 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which real estate strategy fits Buffalo, NY?
Buffalo, NY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($363K prices, $1,692/mo rents) make it a reasonable choice.
Should investors consider Buffalo, NY?
Buffalo, NY registers an investability rating of 3.0/5, with median home values near $363K and average rents around $1,692/mo. That combination puts it in the durable tier for investor interest.
How strong is tenant demand in Buffalo, NY?
Expect a solid tenant pool in Buffalo, NY. The rental market absorbs $1,692/mo rents without meaningful friction.
Is house hacking profitable in Buffalo, NY?
The a challenging house-hack environment in Buffalo, NY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Buffalo, NY a friendly market for rental owners?
Buffalo, NY operates under NY law, which is tenant-protective overall for landlords. Expect predictable treatment in typical lease and eviction cases.
You know 14228 now. You don’t know where it ranks.
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How 14228 ranks in Buffalo-Cheektowaga, NY
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