Cities with the fastest growing home prices in Buffalo metro area

Written by:
November 23, 2022
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Cities with the fastest growing home prices in Buffalo metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Buffalo-Cheektowaga, NY metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 22 cities and towns with data available were included in the list.

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#22. Gasport, Gasport

- 1-year price change: +$13,662 (+7.2%)
- 5-year price change: +$71,012 (+54.0%)
- Typical home value: $202,465 (#18 most expensive city in metro)
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#21. Springville, Springville

- 1-year price change: +$14,569 (+7.0%)
- 5-year price change: +$75,429 (+51.0%)
- Typical home value: $223,343 (#13 most expensive city in metro)
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#20. Olcott, Olcott

- 1-year price change: +$15,178 (+9.4%)
- 5-year price change: +$74,655 (+73.0%)
- Typical home value: $176,862 (#21 most expensive city in metro)
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#19. Niagara Falls, Niagara Falls

- 1-year price change: +$15,379 (+11.4%)
- 5-year price change: +$68,022 (+83.3%)
- Typical home value: $149,697 (#22 most expensive city in metro)
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#18. Middleport, Middleport

- 1-year price change: +$15,940 (+9.5%)
- 5-year price change: +$69,217 (+60.7%)
- Typical home value: $183,293 (#20 most expensive city in metro)

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#17. Depew, Depew

- 1-year price change: +$16,872 (+8.0%)
- 5-year price change: +$85,798 (+60.5%)
- Typical home value: $227,512 (#12 most expensive city in metro)
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#16. Newfane, Newfane

- 1-year price change: +$17,529 (+9.2%)
- 5-year price change: +$77,401 (+59.5%)
- Typical home value: $207,464 (#17 most expensive city in metro)
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#15. Angola, Angola

- 1-year price change: +$18,064 (+10.9%)
- 5-year price change: +$65,173 (+54.7%)
- Typical home value: $184,257 (#19 most expensive city in metro)
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#14. Buffalo, Buffalo

- 1-year price change: +$18,210 (+9.4%)
- 5-year price change: +$97,267 (+84.3%)
- Typical home value: $212,665 (#16 most expensive city in metro)
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#13. Barker, Barker

- 1-year price change: +$19,811 (+9.9%)
- 5-year price change: +$82,122 (+59.8%)
- Typical home value: $219,421 (#15 most expensive city in metro)

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#12. Akron, Akron

- 1-year price change: +$21,409 (+8.5%)
- 5-year price change: +$94,285 (+53.0%)
- Typical home value: $272,239 (#5 most expensive city in metro)
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#11. Lockport, Lockport

- 1-year price change: +$22,285 (+11.1%)
- 5-year price change: +$86,972 (+64.0%)
- Typical home value: $222,948 (#14 most expensive city in metro)
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#10. Burt, Burt

- 1-year price change: +$22,389 (+10.6%)
- 5-year price change: +$89,694 (+61.9%)
- Typical home value: $234,602 (#10 most expensive city in metro)
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#9. Wilson, Wilson

- 1-year price change: +$23,202 (+10.7%)
- 5-year price change: +$90,047 (+59.7%)
- Typical home value: $240,952 (#8 most expensive city in metro)
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#8. Appleton, Appleton

- 1-year price change: +$23,996 (+11.6%)
- 5-year price change: +$87,279 (+60.6%)
- Typical home value: $231,304 (#11 most expensive city in metro)

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#7. North Tonawanda, North Tonawanda

- 1-year price change: +$24,023 (+11.2%)
- 5-year price change: +$88,402 (+59.1%)
- Typical home value: $237,891 (#9 most expensive city in metro)
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#6. Sanborn, Sanborn

- 1-year price change: +$26,349 (+11.1%)
- 5-year price change: +$96,034 (+56.9%)
- Typical home value: $264,719 (#6 most expensive city in metro)
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#5. Ransomville, Ransomville

- 1-year price change: +$26,974 (+11.7%)
- 5-year price change: +$92,675 (+55.9%)
- Typical home value: $258,355 (#7 most expensive city in metro)
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#4. Youngstown, Youngstown

- 1-year price change: +$30,791 (+11.4%)
- 5-year price change: +$114,910 (+61.8%)
- Typical home value: $300,766 (#3 most expensive city in metro)
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#3. Lewiston, Lewiston

- 1-year price change: +$33,230 (+12.5%)
- 5-year price change: +$109,108 (+57.5%)
- Typical home value: $298,820 (#4 most expensive city in metro)

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#2. East Aurora, East Aurora

- 1-year price change: +$33,454 (+9.6%)
- 5-year price change: +$139,448 (+57.1%)
- Typical home value: $383,678 (#1 most expensive city in metro)
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#1. Williamsville, Williamsville

- 1-year price change: +$38,599 (+11.7%)
- 5-year price change: +$138,232 (+60.0%)
- Typical home value: $368,524 (#2 most expensive city in metro)

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