How much house does $500,000 buy you in Buffalo?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Buffalo?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Buffalo right now. Listings below $500,000 were included if necessary.
57-59 Conway St, Depew, NY 14043
- Price: $499,000
- 6 bedrooms, 4 bathrooms
- Square feet: 3,129
- See 57-59 Conway St, Depew, NY 14043 on Redfin.com
80 Capen Blvd, Buffalo, NY 14226
- Price: $475,000
- 6 bedrooms, 3.5 bathrooms
- Square feet: 2,591
- See 80 Capen Blvd, Buffalo, NY 14226 on Redfin.com
4486 Shadyridge Dr, Hamburg, NY 14075
- Price: $495,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 2,917
- See 4486 Shadyridge Dr, Hamburg, NY 14075 on Redfin.com
700 Mountain View Dr, Lewiston, NY 14092
- Price: $499,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 2,848
- See 700 Mountain View Dr, Lewiston, NY 14092 on Redfin.com
1 Abbott Hill Road Ext, Boston, NY 14025
- Price: $490,000
- 4 bedrooms, 4 bathrooms
- Square feet: 1,680
- See 1 Abbott Hill Road Ext, Boston, NY 14025 on Redfin.com
5348 Hollenbeck Rd, Lockport, NY 14094
- Price: $485,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,484
- See 5348 Hollenbeck Rd, Lockport, NY 14094 on Redfin.com
980 E Robinson St, North Tonawanda, NY 14120
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,951
- See 980 E Robinson St, North Tonawanda, NY 14120 on Redfin.com
8676 Violet Pkwy, Eden, NY 14057
- Price: $479,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,800
- See 8676 Violet Pkwy, Eden, NY 14057 on Redfin.com
55 Twilight Ln, East Amherst, NY 14051
- Price: $475,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,789
- See 55 Twilight Ln, East Amherst, NY 14051 on Redfin.com
27 Rolling Woods Ln, West Seneca, NY 14224
- Price: $479,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,655
- See 27 Rolling Woods Ln, West Seneca, NY 14224 on Redfin.com
59 Moorgate Ct, East Amherst, NY 14051
- Price: $494,999
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,474
- See 59 Moorgate Ct, East Amherst, NY 14051 on Redfin.com
148 Marlin Dr, Grand Island, NY 14072
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,280
- See 148 Marlin Dr, Grand Island, NY 14072 on Redfin.com
575 Morgan Dr, Lewiston, NY 14092
- Price: $495,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,262
- See 575 Morgan Dr, Lewiston, NY 14092 on Redfin.com
60 Highland Dr, Elma, NY 14059
- Price: $479,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,248
- See 60 Highland Dr, Elma, NY 14059 on Redfin.com
28 Schimwood Ct, Getzville, NY 14068
- Price: $499,999
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,200
- See 28 Schimwood Ct, Getzville, NY 14068 on Redfin.com
3479 Parkwood Cmn, Hamburg, NY 14075
- Price: $489,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,120
- See 3479 Parkwood Cmn, Hamburg, NY 14075 on Redfin.com
42 Lancaster Ave, Buffalo, NY 14222
- Price: $500,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,979
- See 42 Lancaster Ave, Buffalo, NY 14222 on Redfin.com
42 Frontenac Ave, Buffalo, NY 14216
- Price: $479,900
- 4 bedrooms, 2 bathrooms
- Square feet: 1,927
- See 42 Frontenac Ave, Buffalo, NY 14216 on Redfin.com
270 S 4Th St, Lewiston, NY 14092
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,484
- See 270 S 4Th St, Lewiston, NY 14092 on Redfin.com
1690 Center, West Seneca, NY 14224
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,709
- See 1690 Center, West Seneca, NY 14224 on Redfin.com
5092 Dana Dr, Lewiston, NY 14092
- Price: $489,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,944
- See 5092 Dana Dr, Lewiston, NY 14092 on Redfin.com
8437 Roosevelt Dr, Gasport, NY 14067
- Price: $489,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,838
- See 8437 Roosevelt Dr, Gasport, NY 14067 on Redfin.com
63 Castlewood Ct, Grand Island, NY 14072
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,800
- See 63 Castlewood Ct, Grand Island, NY 14072 on Redfin.com
11335 Wyandale Rd, Springville, NY 14141
- Price: $495,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,170
- See 11335 Wyandale Rd, Springville, NY 14141 on Redfin.com
9184 Newcomb Rd, Angola, NY 14006
- Price: $499,900
- 3 bedrooms, 1 bathroom
- Square feet: 1,100
- See 9184 Newcomb Rd, Angola, NY 14006 on Redfin.com
1363 Losson Rd, Depew, NY 14043
- Price: $497,000
- 3 bedrooms, 1 bathroom
- Square feet: 960
- See 1363 Losson Rd, Depew, NY 14043 on Redfin.com
41 Elmwood Ave, Buffalo, NY 14201
- Price: $500,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 5,408
- See 41 Elmwood Ave, Buffalo, NY 14201 on Redfin.com
3238 Woodland Ct S, North Tonawanda, NY 14120
- Price: $499,900
- 2 bedrooms, 2 bathrooms
- Square feet: 3,075
- See 3238 Woodland Ct S, North Tonawanda, NY 14120 on Redfin.com
, Buffalo, NY 14202
- Price: $475,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,623
- See , Buffalo, NY 14202 on Redfin.com
6145 Mckinley Pkwy, Hamburg, NY 14075
- Price: $475,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,409
- See 6145 Mckinley Pkwy, Hamburg, NY 14075 on Redfin.com
