HomeNew YorkErie CountyBuffalo city
Buffalo city, New York: commercial real estate data.
Buffalo city is a Census city of 276,854 people across 40.38 square miles of land, in Erie County. Median household income is $50,041, 43.0 percent of occupied homes are owned, and the SBA record carries 526 7(a) approvals to borrowers here worth $135.3 m.
81 sourced place values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Buffalo
What Buffalo is
- Census place typecity
- Land area40.38 sq mi
- Water area12.1 sq mi
- Population per square mile of land6,856
- County holding the largest share of its areaErie County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Buffalo
How many people live in Buffalo
- Population276,854
- Median age34.3
- Population under 1861,801
- Share under 1822.3 percent
- Population 65 and over39,279
- Share 65 and over14.2 percent
- Households119,630
- Family households58,300
- Share of households that are families48.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Buffalo
Income and work in Buffalo
- Median household income$50,041
- Per capita income$31,843
- Civilian labor force133,843
- Employed124,111
- Unemployed9,732
- Unemployment rate7.3 percent
- Adults 25 and over184,827
- Adults 25 and over with a high school diploma or higher87.0 percent
- Adults 25 and over with a bachelor degree or higher31.2 percent
- Adults 25 and over with a graduate degree14.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Buffalo
Housing in Buffalo
- Housing units136,850
- Occupied units119,630
- Vacant units17,220
- Vacancy rate12.6 percent
- Owner occupied51,496
- Renter occupied68,134
- Ownership rate43.0 percent
- Median owner-occupied home value$164,200
- Median gross rent, monthly$1,046
- Annual rent as a share of median income25.1 percent
- Single family units54,056
- Share single family39.5 percent
- Units in buildings of two or more82,406
- Share in buildings of two or more60.2 percent
- Mobile homes317 plus or minus 136
- Median year structure built1938
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Buffalo
How Buffalo gets to work
- Workers 16 and over who commute107,110
- Commuting under 15 minutes35,491
- Share commuting under 15 minutes33.1 percent
- Commuting 30 minutes or more20,237
- Share commuting 30 minutes or more18.9 percent
- Drove alone62.8 percent
- Carpooled10.2 percent
- Public transport8.1 percent
- Walked4.5 percent
- Worked from home11.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Buffalo
SBA loans in Buffalo (7(a))
- Approvals526
- Gross approval$135,252,200
- Average approval$257,133
- Median approval$80,000
- Ninetieth percentile approval$584,000
- Largest approval$3,800,000
- Jobs supported4,445
- Jobs per approval8.5
- Loans with a final outcome89
- Paid in full79
- Charged off10
- Charge-off rate over resolved loans11.2 percent
- Median term120 months
- Share on real estate terms of 20 years or more5.5 percent
- Share to franchises6.1 percent
- Distinct lenders41
- Distinct industries by NAICS186
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Buffalo
SBA loans in Buffalo (504)
- Approvals46
- Gross approval$21,049,000
- Average approval$457,587
- Median approval$294,000
- Largest approval$2,925,000
- Jobs supported394
- Loans with a final outcome8
- Charged off1
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Buffalo
Flood risk in Buffalo
- Listed NFIP communities1
- Of those, participating1
- NFIP community number360230
- Currently effective map date06/16/21
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Erie County, not Buffalo
Erie County context, not Buffalo figures
These are Erie County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Buffalo measurements.
- Establishments in Erie County22,497
- Employment at those establishments, Erie County418,202
- Covered employment, Erie County466,138
- Average annual pay, Erie County$66,971
- Average weekly wage, Erie County$1,288
- Housing units permitted, Erie County1,208
- Of those, single family, Erie County584
- County product, 2024, Erie County$81,131,829,000
- County product change over the prior year, Erie County4.4 percent
- Average income of an arriving household, Erie County$66,766
Every figure in this section is published for Erie County as a whole and is not a measurement of Buffalo. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Buffalo questions, answered from the record.
How many people live in Buffalo, New York?
276,854, in 119,630 households. Buffalo city covers 40.38 square miles of land, which is 6,856 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Buffalo in?
Erie County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Buffalo?
$50,041. The median owner-occupied home is valued at $164,200. Median gross rent is $1,046 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Buffalo businesses?
526 7(a) approvals totalling $135.3 m, across 41 lenders, median approval $80,000, plus 46 504 approvals worth $21.0 m. These count approvals to borrowers whose address is in Buffalo, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Buffalo borrowers get paid back?
Of the 89 loans that have reached a final outcome, 79 were paid in full and 10 charged off, a charge off rate of 11.2 percent. Loans still running are excluded because they have not yet succeeded or failed.
Is Buffalo in the National Flood Insurance Program?
Yes. Buffalo appears in the FEMA Community Status Book as community 360230, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Buffalo figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Erie County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Buffalo.
Is zoning published for Buffalo?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.