Buffalo, NY home prices
Typical home $287,359 · +3.6% in a year · income needed $92,700
The Buffalo, NY metro area ranks 349 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.6% in a year and +31.9% over five years. With 20% down at 7.11%, the typical home costs about $2,164 a month including 1.98% property tax (Erie County rate).
Mortgage on the typical Buffalo home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $57,472 | $229,887 | $1,546 | $0 | $617 | $2,164 | $92,700 |
| 10% down | $28,736 | $258,623 | $1,740 | $108 | $617 | $2,465 | $105,600 |
| 5% down | $14,368 | $272,991 | $1,836 | $114 | $617 | $2,567 | $110,000 |
| 3.5% down (FHA) | $10,058 | $282,154 | $1,898 | $127 | $617 | $2,642 | $113,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.98% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Buffalo area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Erie County, NY | $295,625 | +3.4% | 1.98% |
| Niagara County, NY | $254,624 | +4.8% | 2.19% |
What can you afford in New York on your salary? · New York home prices · Salaries in New York
Frequently asked questions
How much is a house in Buffalo?
The typical home in the Buffalo, NY metro area is worth $287,359 (Zillow, September 2026).
What salary do you need to buy a house in Buffalo?
About $92,700 a year for the typical home with 20% down at 7.11%.