Buffalo, NY

Population: 262,434
Average annual home appreciation rate: 3.04%
Total of homes for sale in this market: 779
Median home price: $67,869
Median Rent: $529 per room
Home price range: 38.12% of homes are between $51,001 – $102,000
Median sales price: $105,750
Number of homes: 318
Median foreclosure sales price: $41,854
Foreclosure discount: 60%
Most common home type: 47.92% of homes are SMALL APARTMENT BUILDINGS
Number of vacant homes: 17.31%
Number of renters: 56.73%
Number of owner occupied: 43.27%
Number people living below poverty level: 30.08%
Unemployment rate: 8.70%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Buffalo area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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