The story of this market
The typical home in Erie County, New York sells for about $314,000, or $185 per square foot.
Prices are up +5.3% from a year ago, so sellers still have some momentum. Homes take about 39 days to sell. Over the long run, values in this county have grown 183% since 2000. Last year 133 of 170 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is cold wave, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $1,423 a month.
HUD sets the fair market rent for a 2-bedroom at $1,423 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2000–2025
+5.3%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+13.6%). Worst: 2011 (0%). Hover to read a year.
Monthly price momentum
Home values since 2015
+5.5%
NY · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,732
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+5.3%
2025 change
FHFA repeat-sales index, median of 170 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
33
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $286,018,560.
Mortgage activity
Home lending in this county
78%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 32984 | 19731 | 78% | 6.1% | $155,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Erie County, New York
The Erie County housing market shows resilience with a 5.3% year-over-year price increase, supported by steady demand despite higher interest rates. Inventory levels are beginning to normalize, though competition remains for well-priced properties in desirable suburban areas. The market is currently characterized by a balance between buyer caution and limited supply.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).
Select a city to expand its ZIP intel reports beneath · 17 cities · 48 ZIP reports
Median prices moved up 2.9% year over year.
Homes spend a median of 44 days on market with 0.3 months of supply — a fast-moving market.
1% of listings have cut prices · homes sell at 59.73% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 12.5% — a stable, low-distress profile.
Owned and leased federal assets with active or excess status, per the General Services Administration's Real Estate Across the United States inventory (read 2026-09-25). A federal footprint read on this county — not a market valuation, and never an attribute of any individual property or tenant.
Deterministic aggregate of 49 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Erie County, New York — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Each property observation weighs one in its ZIP's deterministic roll-up — property-level records (taxes, scores, permits) never roll individually. Latest property research run Oct 7, 2026.
researched Sep 16
researched Sep 16
researched Sep 16
researched Sep 17
researched Sep 18
researched Sep 18
researched Sep 19
researched Sep 20
researched Sep 19
researched Sep 16
| 14004 | Alden | $325,000 | $168 | +4.5% | 34 | 98.5% | 12% | 2.8 | 42 | $938 | researched Sep 16 |
| 14006 | Angola | $209,500 | $145 | +3.1% | 35 | 98% | 15% | 4.2 | 92 | $950 | researched Sep 16 |
| 14031 | Clarence | $744,400 | $277 | +14.3% | 13 | 100% | — | 0.6 | 30 | $947 | researched Sep 16 |
| 14032 | Clarence | $610,000 | $277 | +14.3% | 13 | 108% | — | — | 50 | $1,444 | researched Sep 17 |
| 14047 | Derby | $242,850 | $158 | -19% | 71 | 98.5% | 12% | 4.2 | 42 | $958 | researched Sep 18 |
| 14051 | Amherst | $599,900 | $202 | +2.8% | 29 | 104.8% | 10% | 2.5 | 1,501 | $1,864 | researched Sep 18 |
| 14052 | East Aurora | $493,000 | $235 | +2.1% | 32 | 101.2% | 8% | 4.2 | 228 | $1,066 | researched Sep 19 |
| 14057 | Eden | $242,850 | $180 | -19% | 61 | — | — | — | 38 | $865 | researched Sep 20 |
| 14059 | Elma | $414,450 | $235 | 0% | 19 | 100% | 9.3% | 1.1 | 43 | $1,160 | researched Sep 19 |
| 14068 | Amherst | $350,000 | $203 | +3.2% | 28 | 101.5% | 12% | 2.1 | 118 | $1,475 | researched Sep 16 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Crime rates in Erie County vary significantly by municipality, with urban centers like Buffalo experiencing higher rates of property and violent crime compared to suburban and rural towns. Regional trends show a focus on community policing and revitalization efforts in high-crime corridors.
The county is served by numerous independent school districts, with suburban districts like Williamsville and Clarence consistently ranking among the highest in the state. Urban districts face greater challenges regarding funding and student performance metrics.
The county faces seasonal risks from heavy lake-effect snow events, which can impact infrastructure and property maintenance. Flood risks are primarily concentrated along the Niagara River and Lake Erie shoreline, with most residents maintaining standard homeowners insurance.
Economic momentum is driven by the healthcare, education, and advanced manufacturing sectors, with major employers including Kaleida Health and the University at Buffalo. Infrastructure projects, such as the ongoing redevelopment of the Buffalo waterfront, continue to attract investment.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (New York) — Income-Based Assessment for Affordable Rental Housing: The assessed valuation must be determined using the income approach based on actual net operating income, excluding subsidies, tax credits, or grants used for development costs. State (New York) — Real Property Tax Assessment: Real property is assessed by local jurisdictions based on a uniform percentage of value. The tax liability is calculated as (Assessed Value * Tax Rate) - Exemptions.
The economy is anchored by healthcare, higher education, and professional services, with a growing presence in the tech and green energy sectors.
The county is served by the NFTA Metro Rail and an extensive network of highways, including the I-90 and I-190 corridors.
The Erie County Real Property Tax Services oversees assessment standards, though individual towns and cities maintain their own assessment rolls.
The county includes various special districts for fire protection, water, and sewer services, often managed at the town or village level.
Property insurance premiums are influenced by regional weather patterns, particularly winter storm risks, leading to stable but elevated costs.
- Six Flags Darien Lake4.124.3 mi
- Safari Niagara4.423.6 mi
- Sun Retreats Sherkston Shores4.323.1 mi
- Hamburg Fairgrounds4.44.6 mi
- Great Pumpkin Farm4.321.8 mi
- Six Flags Darien Lake4.124.3 mi
- KeyBank Center4.513.9 mi
- Safari Niagara4.423.6 mi
- Buffalo RiverWorks4.113.5 mi
- Darien Lake Performing Arts Center4.124.5 mi
- Peace Bridge4.316.6 mi
- Eternal Flame Falls4.70.4 mi
- Seneca Buffalo Creek Casino3.913.7 mi
- The Buffalo Zoo4.317.4 mi
- Buffalo AKG Art Museum4.617.5 mi
- Safari Niagara4.423.6 mi
- Buffalo AKG Art Museum4.617.5 mi
- Canalside4.614.1 mi
- Buffalo and Erie County Botanical Gardens4.69.9 mi
- Buffalo Museum of Science4.615.2 mi
- Eternal Flame Falls4.70.4 mi
- Buffalo and Erie County Botanical Gardens4.69.9 mi
- Chestnut Ridge Park4.71.3 mi
- Evangola State Park4.619.4 mi
- Solé Sand Bar at Woodlawn Beach4.28.2 mi
- Erie Basin Marina4.614.4 mi
- Sturgeon Point Marina4.615.2 mi
- Sugarloaf Harbour Marina4.628.5 mi
- Buffalo Yacht Club4.515.9 mi
- Buffalo Launch Club4.721.7 mi
- Delaware Park4.717.1 mi
- Diamond Hawk Golf Course & Pub "The Hawk"4.216.1 mi
- Byrncliff Golf Resort & Banquets4.519.6 mi
- Ironwood Golf Course4.516.2 mi
- Fox Valley Country Club418.6 mi
- Walden Galleria4.315 mi
- McKinley Mall3.86.8 mi
- Primark4.515.1 mi
- Burlington3.814.4 mi
- Macy's4.214.8 mi
- Buffalo Niagara International Airport4.416.7 mi
- Niagara Falls International Airport4.230 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A revitalized district featuring parks, dining, and entertainment venues along Lake Erie.
A historic Olmsted-designed park offering extensive green space and walking trails.
A world-class art institution showcasing modern and contemporary works.
Retrieved from data.census.gov
applies when — Applies to residential rental property where at least 20% of units are subject to an agreement restricting occupancy to income-qualified tenants.
The assessed valuation must be determined using the income approach based on actual net operating income, excluding subsidies, tax credits, or grants used for development costs.
N.Y. Real Property Tax Law Section 581-A
New York is a judicial foreclosure state, meaning the lender must file a lawsuit in court to foreclose on a property. The process typically takes approximately one year from the start of the case to the sale of the home.
New York Real Property Actions and Proceedings Law
applies when — Applies to the sale of residential real property (up to four units).
Sellers are required to provide a Property Condition Disclosure Statement to the buyer. Failure to provide the statement may result in a credit of $500 to the buyer at closing. Knowingly false or incomplete statements may subject the seller to legal claims.
New York Real Property Law Article 14, Section 462
Real property is assessed by local jurisdictions based on a uniform percentage of value. The tax liability is calculated as (Assessed Value * Tax Rate) - Exemptions. Owners of one, two, or three-family owner-occupied residential property have the right to Small Claims Assessment Review (SCAR) to challenge assessments.
New York Real Property Tax Law Article 3 and 7
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.