Is Buffalo, NY a good place to invest in rental property?

Buffalo, NY has a median modeled monthly cash flow of $88 and a median cap rate of 6.8%, on a median sold price of $260,000. Prices changed +0.6% year over year.

What is the average cap rate in Buffalo, NY?

The median cap rate across recently sold homes in Buffalo, NY is 6.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Buffalo, NY?

The median sold price in Buffalo, NY is $260,000 (about $159 per square foot).

Investing in Buffalo, NY Real Estate

#221 cash-flow market in the U.S.

A data-driven snapshot of the Buffalo, NY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$260,000Median sold price

$159Median $/sqft

6.8%Median cap rate

$88Modeled cash flow / mo

+0.6%Appreciation YoY

18.1Months of supply

3,742Active listings

2,481Sold (last 12 mo)

What the Buffalo numbers say

In Buffalo, NY, the median home sold for $260,000 (about $159 per square foot), and the typical deal models out to a 6.8% cap rate with a median $88 of monthly cash flow. Sold prices moved +0.6% over the past year. Inventory sits at about 18.1 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 143 fix-and-flip deals in Buffalo — listings where the estimated after-repair value beats list price + rehab.

Other New York markets to compare

See Buffalo cash-flowing listings

CashFlowRE ranks every for-sale home in Buffalo, NY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Buffalo deals, or browse the national market data.