Home appreciation in Buffalo, NY

Over the five years ending 2025, home prices in Buffalo, NY grew an average of 9.9% a year.

Price growth at a glance

1-year

+6.5%

2025 over 2024. New York: +7.0%.

5-year, per year

+9.9%

Average annual growth, 2020 to 2025. New York: +9.2%.

10-year, per year

+7.7%

+110.1% in total since 2015. New York: +6.8%.

How does your home compare?

Buffalo, NY home prices rose 110.1% over the ten years to 2025, while its ZIP codes ranged from +68.7% to +183.2%. Look up your home to see where it ranks among the homes around it.

Your first analysis is free.

A model-generated estimate and analytical context, not investment advice. Investing? Score any property free

How Buffalo, NY compares with New York

New York averaged +9.2% a year, so Buffalo, NY grew faster than the state overall. For five-year price growth, Buffalo, NY ranks 116th out of 409 metros nationwide and 5th out of 13 in New York.

Index, 2005 = 100

Buffalo-Cheektowaga, NY and New York, quarterly house price index rebased to 100 in 2005.
YearBuffalo-Cheektowaga, NYNew York
2005 Q1100100
2005 Q2101103
2005 Q3103107
2005 Q4104109
2006 Q1104111
2006 Q2104111
2006 Q3105111
2006 Q4107113
2007 Q1107113
2007 Q2108113
2007 Q3108111
2007 Q4108112
2008 Q1109112
2008 Q2110110
2008 Q3110107
2008 Q4110106
2009 Q1113107
2009 Q2111105
2009 Q3111103
2009 Q4112102
2010 Q1112101
2010 Q2111100
2010 Q3113102
2010 Q4113102
2011 Q1112100
2011 Q211299
2011 Q311298
2011 Q411299
2012 Q111498
2012 Q211397
2012 Q311398
2012 Q411498
2013 Q111598
2013 Q211698
2013 Q311799
2013 Q411899
2014 Q111899
2014 Q2119100
2014 Q3121101
2014 Q4121102
2015 Q1121103
2015 Q2124104
2015 Q3125104
2015 Q4125105
2016 Q1125105
2016 Q2128107
2016 Q3131108
2016 Q4131109
2017 Q1131109
2017 Q2135111
2017 Q3138113
2017 Q4139114
2018 Q1140116
2018 Q2144117
2018 Q3147119
2018 Q4147119
2019 Q1147120
2019 Q2151122
2019 Q3154124
2019 Q4156125
2020 Q1156126
2020 Q2159127
2020 Q3163129
2020 Q4168132
2021 Q1172135
2021 Q2180140
2021 Q3193147
2021 Q4196150
2022 Q1200154
2022 Q2212163
2022 Q3220166
2022 Q4216165
2023 Q1216165
2023 Q2227171
2023 Q3235177
2023 Q4231177
2024 Q1233179
2024 Q2243186
2024 Q3248190
2024 Q4250191
2025 Q1251193
2025 Q2259199
2025 Q3264202
2025 Q4264203
2026 Q1265205
2026 Q2271210

Chart through 2026 Q2. Annual growth figures through 2025.

Growth was stronger over the last five years than over the full decade: +7.7% a year over ten years, +110.1% in total.

Over this history, home prices rose in every year.

The strongest year was 2022 at +14.6%, and the weakest was 2011 at 0.0%.

In 2025 alone the index moved +6.5%, against +7.0% for the state.

ZIP codes in Buffalo, NY

Over the ten years to 2025, the 56 ZIP codes FHFA measures in this metro ranged from +68.7% in 14131 to +183.2% in 14210, while the metro as a whole rose 110.1%.

Fastest-rising ZIP codes

10-year change

  1. 14210+183.2%
  2. 14215+159.4%
  3. 14220+147.1%
  4. 14206+146.9%
  5. 14225+141.9%

Slowest-rising ZIP codes

10-year change

  1. 14131+68.7%
  2. 14012+74.8%
  3. 14080+80.7%
  4. 14201+83.0%
  5. 14032+84.8%
ZIP codes in Buffalo-Cheektowaga, NY ranked by 10-year home-price change through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
14210+6.2%+10.9%+11.0%+183.2%
14215+7.6%+12.6%+10.0%+159.4%
14220+8.4%+9.5%+9.5%+147.1%
14206+3.6%+8.3%+9.5%+146.9%
14225+5.1%+10.2%+9.2%+141.9%
14105+4.6%+9.7%+9.0%+135.9%
14111+12.0%+10.1%+8.4%+123.3%
14218+3.9%+8.8%+8.3%+121.1%
14214+9.4%+9.0%+8.2%+119.8%
14150+7.7%+10.1%+8.1%+118.6%
14217+4.8%+9.6%+8.0%+115.4%
14043+3.0%+10.1%+7.9%+114.6%
14120+8.2%+10.2%+7.9%+114.5%
14172+20.2%+11.0%+7.9%+114.4%
14227+4.4%+10.0%+7.9%+114.0%
14219+1.9%+9.0%+7.9%+113.0%
14223+1.5%+9.2%+7.8%+112.3%
14304+5.9%+9.6%+7.8%+111.9%
14226+5.6%+9.4%+7.8%+111.1%
14174+19.9%+10.6%+7.7%+110.4%
14132+7.0%+9.1%+7.7%+109.9%
14108+5.8%+9.2%+7.6%+108.6%
14094+5.1%+10.1%+7.6%+107.5%
14224+6.8%+9.6%+7.3%+102.6%
14216+9.5%+7.8%+7.3%+102.5%
14213+7.2%+8.7%+7.3%+102.2%
14006+9.3%+9.6%+7.2%+101.2%
14052+9.0%+9.1%+7.2%+100.6%
14004+3.5%+9.5%+7.2%+100.1%
14075+7.2%+9.6%+7.2%+100.1%
14086+6.1%+9.7%+7.2%+99.9%
14170+6.4%+7.4%+7.2%+99.9%
14057+11.9%+9.1%+7.0%+97.1%
14221+4.9%+9.1%+7.0%+96.8%
14067+5.8%+9.1%+7.0%+96.3%
14047+5.4%+8.6%+7.0%+96.1%
14228+5.9%+9.4%+7.0%+96.0%
14305+5.9%+9.7%+6.9%+95.6%
14031+13.5%+9.6%+6.9%+94.5%
14025+10.4%+9.2%+6.9%+94.3%
14072+6.5%+9.1%+6.9%+94.2%
14001-4.3%+8.3%+6.8%+93.4%
14127+11.2%+9.9%+6.8%+92.8%
14068+7.6%+8.4%+6.8%+92.7%
14222+15.0%+8.1%+6.7%+91.6%
14051+7.4%+9.0%+6.7%+91.0%
14059+3.0%+8.4%+6.7%+90.5%
14092+5.7%+8.2%+6.5%+88.2%
14085+8.0%+9.2%+6.4%+86.7%
14141+6.2%+9.3%+6.4%+85.5%
14139+19.9%+8.7%+6.4%+85.2%
14032+4.0%+9.1%+6.3%+84.8%
14201+5.7%+7.3%+6.2%+83.0%
14080+23.9%+7.6%+6.1%+80.7%
14012-13.2%+5.9%+5.7%+74.8%
14131-9.0%+6.4%+5.4%+68.7%

What a home report shows

Enter an address and you get a score out of 10 for how the home ranks on appreciation potential against comparable homes in its market, with the nearby sales behind it. Here is one saved report.

Example report · saved October 14, 2026

165 N Canal St, Apt 1205, Chicago, IL 60606

Appreciation score

4.1 / 10

Around the median

Where it ranks

Ranks above about 41% of comparable homes in Chicago, IL for appreciation potential.

Price against nearby sales

Priced below most nearby sales, at $300 per square foot across 6 comparable sales.

Read the full example report

Year by year

Annual house price index for Buffalo-Cheektowaga, NY and New York, 2005 = 100 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
2005100.0—100.0
2006103.1+3.1%106.5
2007105.4+2.3%107.1
2008107.5+2.1%104.0
2009109.4+1.7%99.5
2010110.0+0.6%96.7
2011110.00.0%94.7
2012111.3+1.2%93.4
2013113.9+2.3%94.0
2014117.2+2.9%95.7
2015121.1+3.3%99.0
2016126.2+4.2%102.4
2017133.1+5.5%106.9
2018141.4+6.2%112.2
2019149.0+5.4%116.9
2020158.4+6.3%122.7
2021181.2+14.4%136.6
2022207.6+14.6%154.6
2023222.5+7.2%164.9
2024238.8+7.3%178.0
2025254.3+6.5%190.4

The 13 measured metros in New York

Measured metros in New York ranked by 5-year home-price appreciation through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
#
1Kingston, NY+4.7%+11.3%+8.2%
2Rochester, NY+7.2%+11.2%+7.6%
3Syracuse, NY+8.3%+11.1%+7.4%
4Kiryas Joel-Poughkeepsie-Newburgh, NY+7.2%+10.3%+7.3%
5Buffalo-Cheektowaga, NY+6.5%+9.9%+7.7%
6Utica-Rome, NY+7.0%+9.9%+7.1%
7Binghamton, NY+9.4%+9.4%+6.1%
8Albany-Schenectady-Troy, NY+6.3%+9.2%+6.0%
9Glens Falls, NY+7.4%+9.2%+6.1%
10Nassau County-Suffolk County, NY (metropolitan division)+7.1%+8.8%+6.7%
11New York-Jersey City-White Plains, NY-NJ (metropolitan division)+7.0%+7.9%+5.9%
12Elmira, NY+2.1%+6.9%+4.6%
13Watertown-Fort Drum, NY+6.5%+6.5%+3.7%

Source & method: Metro figures: FHFA quarterly all-transactions index for metropolitan statistical areas and metropolitan divisions, annualized as the mean of the four quarterly (NSA) values. State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. The chart uses quarterly readings, with each series set to 100 in the first quarter of 2005. ZIP figures: FHFA annual five-digit ZIP index (developmental), ZIPs with sufficient transaction history. Missing years are reported as missing by FHFA and are not estimated. Each ZIP is placed in the metro that holds the county with most of its housing units. “5-yr /yr” and “10-yr /yr” are compound annual growth over the window ending 2025; all figures are nominal. Data published by the FHFA House Price Index; this edition compiled 2026-10-17. Educational data, not investment advice.

See the New York row in the state rankings, the county rankings, and, for why one metro number hides so much, why two homes in the same ZIP code appreciate differently.

How does your home compare?

See how your home ranks against nearby homes. Your first analysis is free.

Look up your home

Investing? Score any property free

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Measured FHFA data · chart through 2026 Q2