The story of this market
The typical home in ZIP 14059 sells for about $414,450, or $235 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 19 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,160 a month.
ZIP 14059 — Elma
The Elma housing market remains robust with a median sale price of $414,450 and a very low inventory of 43 active listings. High demand and limited supply continue to drive a competitive environment, with homes selling in an average of 19 days.
This ZIP is ideal for family buyers and professionals seeking a quiet, suburban lifestyle with high-quality schools and larger lot sizes, while still maintaining a manageable commute to Buffalo.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 19 days on market with 1.1 months of supply — a fast-moving market.
9% 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 6.7% · poverty 4.2% — 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 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 14059, 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.
Crime rates in Elma are generally low, reflecting a quiet suburban environment that compares favorably to the higher crime rates found in the nearby Buffalo urban core.
The area is served by the Iroquois Central School District, which is generally well-regarded, with local schools like Elma Primary and Iroquois Intermediate receiving high marks for academic performance.
The region faces standard seasonal risks including heavy winter snowfall and occasional wind events, with flood risks primarily localized to areas near Elma's creek systems.
Economic momentum is driven by its proximity to the Buffalo-Niagara Falls metro area, with a mix of local small businesses and residents commuting to major regional employers in healthcare, education, and manufacturing.
Property taxes are levied at the town and county level, with additional school district taxes; New York state provides a STAR exemption program for eligible primary homeowners to reduce school tax burdens.
Residents primarily rely on personal vehicles for commuting, with a typical drive of 20-30 minutes to reach major employment hubs in downtown Buffalo via the NY-400 expressway.
The area features significant green space including Elma Village Green and various town parks, with access to golf courses and local shopping centers located along the Clinton Street corridor.
The rental market is characterized by low inventory and high demand, with many properties being single-family homes rather than large apartment complexes, leading to stable but rising rent trajectories.
The local economy is anchored by the broader Buffalo-Niagara Falls MSA, with major employment sectors including healthcare, higher education, and professional services.
The area is served by a network of county roads and state highways, with the NY-400 expressway providing the primary transit corridor for commuters heading into Buffalo.
Development is primarily focused on low-density residential infill and small-scale commercial improvements along major thoroughfares like Clinton Street.
Erie County utilizes a market-value assessment system, with properties reassessed periodically to reflect current market conditions.
Parcels are subject to town, county, and Iroquois Central School District taxes, with some areas potentially falling under specific fire or water district jurisdictions.
Property insurance premiums are influenced by the region's significant winter weather exposure and the age of housing stock, with standard coverage widely available.
Data sourced from US Census Bureau ZCTA 14059 profile.
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.
Central community park hosting local events and recreation.
Primary public school system serving the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.