The story of this market
The typical home in ZIP 14031 sells for about $744,400, or $277 per square foot.
Prices are up +14.3% from a year ago, so sellers still have some momentum. Homes take about 13 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $947 a month.
ZIP 14031 — Clarence
The 14031 housing market is characterized by strong demand and low inventory, leading to rapid sales and price appreciation. The market is currently balanced, with high buyer interest in this affluent, well-regarded suburb of Buffalo. Prices have seen significant year-over-year growth, reflecting the area's desirability and limited supply.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with high-quality schools, spacious lots, and a quiet, affluent community atmosphere within reach of Buffalo's urban amenities.
Median prices moved up 14.3% year over year.
Homes spend a median of 13 days on market with 0.6 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 9.4% — a stable, low-distress 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 11.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 14031, 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.
Clarence is generally considered a safe, low-crime community, with crime rates significantly lower than the regional averages for the Buffalo-Niagara Falls metropolitan area.
The area is served by highly-rated public schools, with the Clarence Central School District consistently recognized for academic excellence and high graduation rates.
The region faces standard risks for Western New York, including heavy winter snowfall and occasional wind events, with flood risks primarily localized to specific low-lying areas near creeks.
Clarence maintains steady economic momentum as an affluent suburb of Buffalo, with growth driven by residential development and proximity to major employment hubs in Amherst and Buffalo.
Property taxes in Clarence are levied by the town, county, and school district, with the school district portion typically representing the largest share of the total tax burden.
Residents primarily rely on personal vehicles for commuting, with major access via NY-5 and proximity to the I-90 corridor providing connections to downtown Buffalo and surrounding employment centers.
The area features extensive outdoor amenities including Clarence Town Park, various nature trails, and proximity to local golf courses and shopping centers along the Transit Road corridor.
The rental market is relatively tight with limited inventory, primarily consisting of single-family homes and select apartment complexes, reflecting the area's predominantly owner-occupied character.
The local economy is supported by a mix of professional services, retail, and healthcare, with many residents commuting to major employers in the broader Buffalo-Niagara region.
Transportation is dominated by private vehicle use, with the area served by a network of state routes and proximity to the New York State Thruway (I-90).
Development is focused on managed residential growth and the expansion of commercial services along the Transit Road corridor.
Parcels are subject to standard municipal, county, and school district taxes, with no significant MUD/PID structures reported.
Property insurance premiums are influenced by regional weather patterns, particularly winter storm exposure, but remain generally stable compared to coastal markets.
Data retrieved from data.census.gov ZCTA 14031 profiles.
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.
Large community park with sports fields, playgrounds, and picnic areas.
Major commercial artery featuring a wide array of retail, dining, and service businesses.
Protected green space offering walking trails and wildlife observation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.