The story of this market
The typical home in ZIP 14203 sells for about $243,000, or $235 per square foot.
Prices are up +2.6% from a year ago, so sellers still have some momentum. Homes take about 20 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,331 a month.
ZIP 14203 — Buffalo
The 14203 housing market is showing resilience, driven by strong demand for urban living and ongoing downtown revitalization projects. While inventory remains tight, the market is seeing steady price appreciation and competitive sales activity. The area's appeal to young professionals and the continued growth of the medical corridor are key factors supporting current market conditions.
This ZIP is ideal for young professionals, urban commuters, and downsizers who prioritize walkability, proximity to downtown employment hubs, and access to city amenities over suburban space.
Median prices moved up 2.6% year over year.
Homes spend a median of 20 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.3% · poverty 32.0% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 14203, Erie County NY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the downtown Buffalo area are higher than the national average, consistent with urban core trends in the region.
Public schools serving the area are part of the Buffalo City School District, which faces ongoing challenges with academic performance and resource allocation.
The area is subject to standard urban climate risks, including heavy lake-effect snow events and localized flood risks in low-lying areas near the waterfront.
Downtown Buffalo is experiencing a revitalization phase with significant investment in mixed-use residential conversions and infrastructure improvements near the waterfront and medical corridor.
Property taxes are levied by the City of Buffalo and Erie County, with additional school district levies; the area is subject to New York's STAR exemption program for eligible homeowners.
The ZIP code is highly walkable and well-served by the NFTA Metro Rail, providing direct access to the Buffalo Niagara Medical Campus and the central business district.
Residents have immediate access to the Canalside waterfront district, Sahlen Field, and numerous downtown dining and entertainment venues within walking distance.
The rental market is characterized by high demand for luxury loft-style apartments in converted historic buildings, with low vacancy rates and steady rent growth.
The economy is anchored by the Buffalo Niagara Medical Campus, state and local government offices, and a growing hospitality and tourism sector.
The area serves as the primary hub for the NFTA Metro Rail and regional bus lines, facilitating easy transit throughout the city.
Ongoing development focuses on the adaptive reuse of historic industrial buildings into residential lofts and commercial office space.
Parcels are subject to Buffalo City School District taxes and various municipal improvement districts.
Property insurance premiums are influenced by regional weather patterns, specifically lake-effect snow risks.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Great Wolf Lodge | Niagara4.419.9 mi
- Safari Niagara4.410.9 mi
- Niagara SkyWheel4.618.5 mi
- Sun Retreats Sherkston Shores4.313.3 mi
- Fallsview Indoor Waterpark3.918.5 mi
- Fallsview Casino Resort4.318.2 mi
- KeyBank Center4.50.6 mi
- Safari Niagara4.410.9 mi
- Buffalo RiverWorks4.10.3 mi
- Niagara Falls Convention Centre4.418 mi
- Peace Bridge4.33.2 mi
- Safari Niagara4.410.9 mi
- Seneca Buffalo Creek Casino3.90.5 mi
- The Buffalo Zoo4.35 mi
- Buffalo AKG Art Museum4.64.5 mi
- Safari Niagara4.410.9 mi
- Buffalo AKG Art Museum4.64.5 mi
- Canalside4.60.7 mi
- Buffalo and Erie County Botanical Gardens4.63.7 mi
- Buffalo Museum of Science4.63.2 mi
- Buffalo and Erie County Botanical Gardens4.63.7 mi
- Chestnut Ridge Park4.712.1 mi
- Northtown Center at Amherst4.410 mi
- Solé Sand Bar at Woodlawn Beach4.25.5 mi
- Reinstein Woods Nature Preserve4.88.1 mi
- Erie Basin Marina4.61.1 mi
- Sturgeon Point Marina4.614.9 mi
- Sugarloaf Harbour Marina4.619.2 mi
- Buffalo Yacht Club4.52.5 mi
- Buffalo Launch Club4.78.3 mi
- Delaware Park4.74.7 mi
- Diamond Hawk Golf Course & Pub "The Hawk"4.29.3 mi
- Harvest Hill Golf Course4.49.9 mi
- Niagara National Golf & Country4.110 mi
- Cazenovia Park4.53.7 mi
- Walden Galleria4.36.6 mi
- McKinley Mall3.86.6 mi
- T.J. Maxx4.29.4 mi
- Primark4.56.7 mi
- Burlington3.86.2 mi
- Buffalo Niagara International Airport4.48.7 mi
- Niagara Falls International Airport4.217 mi
- Niagara Helicopters Limited4.520.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major hub for recreation, concerts, and seasonal activities.
Home to the Buffalo Bisons minor league baseball team.
Anchor for regional healthcare and research jobs.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.