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

Buffalo, NY has a median modeled monthly cash flow of $277 and a median cap rate of 8.0%, on a median sold price of $220,000. Prices changed +6.7% year over year.

What is the average cap rate in Buffalo, NY?

The median cap rate across recently sold homes in Buffalo, NY is 8.0%, 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 $220,000 (about $128 per square foot).

Investing in Buffalo, NY Real Estate

#116 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.

$220,000Median sold price

$128Median $/sqft

8.0%Median cap rate

$277Modeled cash flow / mo

+6.7%Appreciation YoY

9.8Months of supply

1,527Active listings

1,875Sold (last 12 mo)

What the Buffalo numbers say

In Buffalo, NY, the median home sold for $220,000 (about $128 per square foot), and the typical deal models out to a 8.0% cap rate with a median $277 of monthly cash flow. Sold prices moved +6.7% over the past year. Inventory sits at about 9.8 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.

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.