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Buffalo, Niagara Falls Metro Area Housing

 

As of 2010-2014, median price of a house in Buffalo, Niagara Falls Area is $122,600, which is much lower than the state average of $283,700 and is lower than the national average of $175,700. The median year that a house in Buffalo, Niagara Falls Area was built is 1955, which is about the same as the median year for a house built in the state which is 1956 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 311,308 Owner Occupied Houses in Buffalo, Niagara Falls Area, #448
Buffalo, Niagara Falls Area
122,600 USD
New York
283,700 USD
U.S.
175,700 USD
Median House Price Growth Since 2005-2009, see rank
Buffalo, Niagara Falls Area
12.37%
New York
90.79%
U.S.
46.91%

*The Buffalo, Niagara Falls Area median house price growth rate is since 2005-2009. The New York and U.S population growth rate is since 2000.
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Buffalo, Niagara Falls AreaNew YorkU.S.
Total Housing Units519,721, see rank, 100%8,153,309132,741,033
Occupied Housing Units470,035, 90.44%, see rank88.99%87.55%
Owner Occupied311,308, 59.90%, see rank47.92%56.34%
Renter Occupied158,727, 30.54%, see rank41.07%31.21%
Vacant Housing Units49,686, 9.56%, see rank11.01%12.45%
For Rent11,094, 2.13%, see rank1.92%2.34%
For Sale Only5,203, 1.00%, see rank0.87%1.20%
Rented or Sold, Not Occupied4,259, 0.82%, see rank0.95%0.92%
For Seasonal, Recreational, or Occasional Use3,011, 0.58%, see rank3.84%3.97%
For Migrant Workers68, 0.01%, see rank0.01%0.03%
Other Vacant26,051, 5.01%, see rank3.42%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #842
Buffalo, Niagara Falls AreaNew YorkU.S.
195519561976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Buffalo, Niagara Falls Area%New YorkU.S.
Owner-Occupied Units311,308100%3,906,99174,787,460
With a Mortgage193,40862.13%, see rank63.75%65.58%
Without a Mortgage117,90037.87%, see rank36.25%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Buffalo, Niagara Falls Area
1,263 USD
New York
2,042 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsBuffalo, Niagara Falls Area%New YorkU.S.
$299 or Less3060.16%, see rank0.18%0.20%
$300 to $4993,3761.75%, see rank0.98%1.59%
$500 to $69912,2856.35%, see rank2.98%5.01%
$700 to $99939,65220.50%, see rank9.38%14.32%
$1,000 to $1,49970,72936.57%, see rank19.20%27.90%
$1,500 to $1,99938,12219.71%, see rank16.14%20.35%
$2,000 to $2,99922,57611.67%, see rank25.21%19.52%
$3,000 or More6,3623.29%, see rank25.94%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Buffalo, Niagara Falls Area
20.70% of the Total Income
New York
25.30% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Buffalo, Niagara Falls Area%New YorkU.S.
10% or Less14,6567.58%, see rank5.96%5.86%
10% to 20%77,60540.13%, see rank28.39%31.95%
20% to 30%51,73826.75%, see rank26.11%27.64%
30% to 40%21,64311.19%, see rank14.22%13.74%
40% or More27,23414.08%, see rank24.87%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Buffalo, Niagara Falls Area
510 USD
New York
710 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsBuffalo, Niagara Falls Area%New YorkU.S.
$199 or Less4,6563.95%, see rank5.20%7.76%
$200 to $29911,5389.79%, see rank5.70%14.70%
$300 to $49940,86234.66%, see rank18.86%34.63%
$500 to $69935,16229.82%, see rank19.69%21.16%
$700 or More25,68221.78%, see rank50.55%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Buffalo, Niagara Falls Area
13.50% of the Total Income
New York
14.90% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Buffalo, Niagara Falls Area%New YorkU.S.
10% or Less40,83634.64%, see rank30.96%40.19%
10% to 20%41,34335.07%, see rank31.75%31.47%
20% to 30%17,12314.52%, see rank14.54%12.24%
30% to 40%7,4596.33%, see rank7.45%5.64%
40% or More10,1618.62%, see rank14.27%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Buffalo, Niagara Falls AreaNew YorkU.S.
Total Housing Units519,721, 100%8,153,309132,741,033
1-unit, Detached310,314, 59.71%, see rank41.93%61.65%
1-unit, Attached15,528, 2.99%, see rank4.95%5.82%
2 Units90,222, 17.36%, see rank10.61%3.75%
3 or 4 Units31,190, 6.00%, see rank7.39%4.43%
5 to 9 Units23,325, 4.49%, see rank5.27%4.78%
10 or More Units38,860, 7.48%, see rank27.40%13.08%
Mobile Home, Boat, RV, Van, etc.10,282, 1.98%, see rank2.45%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Buffalo, Niagara Falls AreaNew YorkU.S.
Total Housing Units519,721, 100%8,153,309132,741,033
1 Room6,479, 1.25%, see rank3.74%1.95%
2 Rooms5,966, 1.15%, see rank3.69%2.48%
3 Rooms32,744, 6.30%, see rank15.28%9.13%
4 Rooms69,162, 13.31%, see rank18.50%16.60%
5 Rooms104,963, 20.20%, see rank16.75%20.41%
6 Rooms117,641, 22.64%, see rank15.01%18.06%
7 Rooms75,653, 14.56%, see rank10.26%12.27%
8 Rooms49,380, 9.50%, see rank7.56%8.48%
9 Rooms or More57,733, 11.11%, see rank9.20%10.60%
Median Rooms5.80, see rank5.005.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Buffalo, Niagara Falls AreaNew YorkU.S.
Total Housing Units519,721, 100%8,153,309132,741,033
No Bedroom7,040, 1.35%, see rank4.29%2.17%
1 Bedroom47,654, 9.17%, see rank19.68%11.16%
2 Bedrooms135,623, 26.10%, see rank26.84%26.69%
3 Bedrooms225,141, 43.32%, see rank31.52%39.70%
4 Bedrooms84,589, 16.28%, see rank13.27%16.05%
5 or More Bedrooms19,674, 3.79%, see rank4.40%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Buffalo, Niagara Falls AreaNew YorkU.S.
Total Housing Units470,035, 100%7,255,528116,211,092
Utility Gas408,035, 86.81%, see rank56.12%48.85%
Bottled, Tank, or LP Gas11,004, 2.34%, see rank3.36%4.86%
Electricity29,934, 6.37%, see rank10.26%36.68%
Fuel Oil, Kerosene, etc.12,554, 2.67%, see rank26.24%5.86%
Coal or Coke249, 0.05%, see rank0.26%0.12%
Wood4,986, 1.06%, see rank2.04%2.12%
Solar Energy28, 0.01%, see rank0.03%0.05%
Other Fuel2,062, 0.44%, see rank0.97%0.47%
No Fuel Used1,183, 0.25%, see rank0.72%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalBuffalo, Niagara Falls AreaNew YorkU.S.
Occupied Units Paying Rent152,585, 100%3,233,10039,201,928
$199 or Less2,677, 1.75%, see rank1.14%1.50%
$200 to $2996,452, 4.23%, see rank4.22%3.18%
$300 to $49918,130, 11.88%, see rank6.44%7.37%
$500 to $69942,829, 28.07%, see rank10.26%16.01%
$700 to $99956,489, 37.02%, see rank19.86%29.17%
$1,000 to $1,49920,953, 13.73%, see rank30.47%26.88%
$1,500 to $1,9993,300, 2.16%, see rank15.24%9.79%
$2,000 or More1,755, 1.15%, see rank12.38%6.10%
Median$725, see rank$1,117$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Buffalo, Niagara Falls AreaNew YorkU.S.
Occupied Housing Units470,035, 100%7,255,528116,211,092
No Vehicles Available61,225, 13.03%, see rank29.34%9.12%
1 Vehicles Available180,945, 38.50%, see rank32.69%33.80%
2 Vehicles Available166,658, 35.46%, see rank26.49%37.48%
3 or More Vehicles Available61,207, 13.02%, see rank11.49%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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