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Buffalo, NY Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,374
Monthly Cash Flow
$44
Principal + Equity
$2,230
Annual Total Gain
$27,296
Cash on Cash
0.88%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$170
Occupancy Rate
53.85%
Monthly Revenue
$2,103
Monthly Cash Flow
$458
Principal + Equity
$2,230
Annual Total Gain
$32,265
Cash on Cash %
9.13%
Net ROI %
Market Health & Growth
Median Income
$48,050
Population
276,397
LTR Renter %
57.33%
Forecast (1 yr)
2.55%
Appreciation (1 yr)
3.4%
Appreciation (5 yr)
56.68%
Appreciation (10 yr)
163.74%
Job Growth
-0.88%
LTR Rentability
Very Low
STR Demand
63
STR Rentals
1,345
Top Public Schools
A-P.S. 195 - City Honors School
BP.S. 212 - Leonardo da Vinci High School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Cities in America
#30out of 229 markets
Best Cities for Young Professionals in America
#70out of 229 markets
Cities with the Lowest Cost of Living in America
#61out of 229 markets
C-
Public School
D
Crime And Safety
C
Housing
A
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Buffalo, NY.
As of September 2021, Buffalo, NY has regulations in place for Short Term Rentals (STRs) that investors should be aware of before purchasing a property for this purpose.
1. Registration and Licensing: Property owners must register their STR with the city and obtain a license in order to operate legally. This process typically involves paying a fee and providing certain information about the property.
2. Zoning Restrictions: Buffalo has specific zoning regulations that dictate where STRs can be located within the city. Investors should check the zoning laws for the specific neighborhood they are interested in to ensure that STRs are allowed in that area.
3. Occupancy Limits: There are occupancy limits in place for STRs in Buffalo, which dictate the maximum number of guests that can stay in a property at one time. Investors should be aware of these limits and ensure they are compliant with them.
4. Safety and Health Regulations: Property owners are required to meet certain safety and health standards in order to operate an STR in Buffalo. This may include having working smoke detectors, fire extinguishers, and meeting building code requirements.
5. Taxes: Investors should be aware of the tax implications of operating an STR in Buffalo. This may include occupancy taxes, sales taxes, and income taxes on rental income.
6. Noise and Nuisance Regulations: Buffalo has regulations in place to address noise and nuisance issues related to STRs. Property owners are responsible for ensuring that their guests comply with these regulations.
Overall, investors should thoroughly research and understand the regulations and requirements for operating an STR in Buffalo before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, and potentially the loss of the ability to operate the rental property.
Market Trends Over Time
Explore 25 years of market data for Buffalo, NY, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Buffalo, NY.
The LTR Genie Score of Buffalo, NY is 71 and STR Genie Score is 74, indicating a moderate to high potential for both long-term and short-term rental investments. The LTR Rentability being very low may be impacting the overall LTR Genie Score, while the STR Genie Score is higher due to the strong STR Net ROI and occupancy rate. The 1-Year Price Appreciation Forecast of 2.55% suggests a stable market with potential for growth.
Buffalo, NY is known for its affordable housing market and strong job growth in industries such as healthcare and education. The city has a diverse economy and a growing population, making it an attractive location for real estate investors.
Based on the metrics provided, Buffalo, NY seems to offer opportunities for both long-term and short-term rental investments. The strong STR Genie Score and potential for price appreciation make it a favorable market for short-term rentals, while the LTR Net ROI and overall stability of the market make it attractive for long-term rental investments as well. Investors may consider a combination of both strategies to maximize their returns in this market.
LTR Genie Score 93
$199,900
🛏 3 Beds🛁 1.0000 Baths🏙 1,308 sqft.🏠 SINGLE FAMILY
