The story of this market
The typical home in ZIP 14218 sells for about $189,900, or $132 per square foot.
Prices are up +2.6% from a year ago, so sellers still have some momentum. Homes take about 20 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $878 a month.
ZIP 14218 — Buffalo
The housing market in 14218 remains competitive, driven by low inventory and steady demand for affordable single-family homes. While price growth has moderated compared to the post-pandemic surge, the area continues to see consistent sales activity. Buyers are primarily focused on value, with homes in good condition selling quickly near the asking price.
This ZIP is well-suited for first-time homebuyers and working-class families seeking affordability within a short commute of downtown Buffalo, as well as investors targeting the rental market.
Median prices moved up 2.6% year over year.
Homes spend a median of 20 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.7% · poverty 22.2% — a mixed stability 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 8.0%/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 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 14218, 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 the Lackawanna area are generally consistent with regional urban averages for the Buffalo metro area, with property crime being the primary concern.
Schools serving the area are primarily part of the Lackawanna City School District, which faces ongoing challenges regarding academic performance and resource allocation.
The area is subject to standard regional risks including heavy lake-effect snow events and localized flooding in low-lying areas near the waterfront.
Economic momentum is tied to the broader Buffalo-Niagara region, with ongoing efforts to revitalize industrial corridors and leverage proximity to the South Buffalo redevelopment zones.
Property taxes are levied by the city, county, and school district, with the Lackawanna school district representing the largest portion of the tax burden.
Residents have direct access to the NY-5 expressway, providing a straightforward commute to downtown Buffalo, typically taking 15-20 minutes by car.
The area features proximity to the Buffalo and Erie County Botanical Gardens and several local parks, with shopping and dining concentrated along the Ridge Road corridor.
The rental market is characterized by high demand for affordable multi-family housing, with low vacancy rates and steady rent growth driven by the local workforce.
The economy is anchored by manufacturing, healthcare, and logistics, with significant employment influence from the nearby Buffalo industrial hubs.
The area is served by NFTA bus routes and is well-connected to the regional highway network, including the I-90 and NY-5.
Development is focused on infill housing and the adaptive reuse of older commercial properties along major corridors.
Parcels are subject to Lackawanna City School District taxes and Erie County municipal levies.
Property insurance premiums are influenced by regional weather patterns, particularly lake-effect snow and wind exposure.
Data retrieved from data.census.gov ZCTA 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.
A major regional landmark located nearby featuring historic glass conservatories.
The primary commercial artery serving the local community with various retail and dining options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.