Investment metrics, interactive calculators, and data-driven analysis for Buffalo rental properties.
Pre-filled with Buffalo medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Buffalo.
Buffalo, NY has a population of 278,349 and has been growing at 0.1% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $195,000 paired with median rents of $1,150/mo produces an estimated cap rate of 4.15%.
Property taxes at 1.69% are notably high and represent a significant drag on cash flow — model this expense carefully, as it can make or break a deal. The vacancy rate of 6.2% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 4.6x, homes cost about 4.6 times the local median income of $42,400. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 2.4% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: Buffalo presents moderate opportunities. Cap rates near 4.15% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.