Market Snapshot
- Median listing price
- $270K
- Median rent
- $1,600/mo
- Days on market
- 304 days
- Gross rental yield
- 7.11%
- STR vs LTR
- $1,559/mo STR · $1,600/mo LTR
The median listing price in Buffalo, NY ZIP 14223 is $269,900 as of June 2026.
The median market rent in Buffalo, NY ZIP 14223 is $1,600/month as of June 2026.
The median days on market in Buffalo, NY ZIP 14223 is 304 days as of June 2026.
At a median list price of $269,900 and a median rent of $1,600/month, the gross rental yield in Buffalo, NY ZIP 14223 is 7.11% as of June 2026.
In Buffalo, NY ZIP 14223, median Airbnb revenue is $1,559/month compared to median long-term rent of $1,600/month as of June 2026.
Buffalo, NY 14223 Real Estate Market Report
ZIP Code: 14223
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in the Buffalo NY 14223 area are averaging approximately 6.53% to 6.63%, reflecting a stable interest rate environment for property owners in this market.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price $260,500 is the primary indicator of recent market value and transaction activity in ZIP 14223, reflecting realized buyer willingness to pay; price appreciation signals the market is trending upward based on available transaction data.
- The gap between median listing price $269,900 and the median sold price suggests seller expectations exceed recent transaction prices and may indicate pricing friction between ask and成交 (actual sale) levels.
- median days on market 304 implies slower sales velocity, which may reflect prolonged negotiation windows or lender/finance timing impacts even as prices trend up.
- median market rent $1,600 combined with rising rent year-over-year and elevated interest rate pressure indicates investors and owner-occupiers face higher carrying costs; elevated interest rate pressure may constrain affordability despite rent growth.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 1.2% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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