Investor-grade market analytics for Buffalo-Cheektowaga, New York. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.
$291,683
+4.1% year-over-year
6.0%
gross annual
+4.0%
base case (Zillow ZHVF)
+4.0% year-over-year
60/100
ModerateNet migration: Bottom 2% nationally
In-migrants avg $59,825 AGI vs out-migrants $71,835
Opportunity Zone Market
25 ZIP codes in Buffalo-Cheektowaga are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Buffalo-Cheektowaga, NY shows steady growth at 4.1% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability remains favorable with a price-to-income ratio of 4.13x, below the national average of 4.8x. Net negative migration (-2,338 returns/year) is reducing housing demand pressure. Climate risk is moderate (60/100) with manageable exposure. Rental yield of 5.96% is moderate, offering acceptable cash flow for leveraged investments.
12-month projection (Zillow ZHVF model)
Buffalo-Cheektowaga, NY's primary climate exposure is flooding (60/100). The composite climate risk score of 60/100 (Moderate) indicates overall risk with manageable exposure that should be factored into investment analysis. Buyers should consider climate-related insurance costs and potential future regulatory changes.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.