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Erie County, NY

Buffalo

RANK #535 / 996 NAT  ·  #35 / 45 NY  ·  POP 951,232

1YR FORECAST: +1.6%

5YR OUTLOOK: +23%

Erie County's housing market is projected to grow +1.6% over the next year, below the national average.

[01] Why Erie County?

Erie County, New York, is defined by its connection to Lake Erie and the city of Buffalo, its county seat. The region offers a mix of urban amenities and natural landscapes, with the northern half being relatively flat and the southern half featuring the foothills of the Appalachian Mountains. Commuting within the county is primarily by car, though Buffalo has a Metro Rail system and bus services. The community offers various parks and cultural events. Notable towns include Amherst, Clarence, and Orchard Park, known for their public schools.

Life in Erie County blends urban and suburban experiences, attracting families and young professionals. The economy, historically driven by manufacturing, has diversified, with significant employment in healthcare and education, anchored by institutions like the University at Buffalo. Tourism also contributes to the economy, with attractions like Canalside offering recreational activities. The county emphasizes community development, including initiatives for housing, childcare, and transportation, to attract and retain talent.

[02] Market Snapshot

Housing Ratio
3.0x

Undervalued relative to economy

GDP Growth
+1.0%

Well below national median

Home Prices
+3.7%

Outpacing national median

Climate & Terrain
-0.7

Below-average climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 3.0x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    New York State Government
    10,000+
  2. 2
    Catholic Health Healthcare
    5,000+
  3. 3
    Kaleida Health Healthcare
  4. 4
    Buffalo Public Schools Education
  5. 5
    University at Buffalo (SUNY Buffalo) Education
  6. 6
    M&T Bank Finance
  7. 7
    Erie County Government Government
  8. 8
    Wegmans Retail
    2,500+
  9. 9
    Tops Markets LLC Retail
  10. 10
    Erie County Medical Center (ECMC) Healthcare

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Erie County U.S. National

The Numbers

DEMOGRAPHICS
Population
951,232
+0.16% YoY
Median Household Income
$68,014
Median Home Value
$197,400
+3.72% 12mo
Median Rent
$984
Average Annual Pay
$66,971
+3.6% YoY
Employment
466,138
+1.3% YoY
Income-to-Home-Value
0.3445
More affordable than average
Migration Inflow
2.17%
of pop. from another state
Bachelor's Degree+
36.4%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$255,000
Days on Market
28
Active market
Months of Supply
1.6
Seller's market
Sale-to-List Ratio
101.5%
Homes selling above asking
Sold Above List
48.1%
Listings w/ Price Drops
18.9%
Building Permits (2024)
1,208
Single-Family Permits
584

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
7.1
per 100K · nat avg 6.3
Firearm Fatalities
8.8
per 100K · nat avg 14.8
Injury Deaths
74.7
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B-
AIR QUALITY
GRADE
Median AQI (3yr)
46.0
Good
Good Air Days
60%
661 of 1,095 days
Unhealthy+ Days (3yr)
11
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
46
2022
44
2023
48
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Score Breakdown

GDP Growth +1.0% 18 percentile
Population Growth +0.2% 37 percentile
Income Growth +8.7% 55 percentile
Vacancy Rate 0.9% 66 percentile
Home Price Change +3.7% 79 percentile
Rent Growth +3.0% 51 percentile
Price/Rent 12x 74 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Erie County, NY a good place to move to?

Erie County scores 46/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#535). Median household income is $68,014 and job growth is running at +1.3%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Erie County affordable?

Housing in Erie County is roughly in line with national affordability norms. The median home costs $197,400 and the income-to-home-value ratio sits at 0.34, with rents averaging $984/month. Not a bargain, but not a stretch for most local earners either.

Is Erie County growing or shrinking?

Employers in Erie County are hiring — job growth of +1.3% — but the population is close to flat (+0.2% YoY). Home values moved +3.7% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Erie County?

There's a moderate stream of newcomers. About 2.17% of residents moved from another state, which is above average and suggests Erie County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Dutchess County, NY 46 Livingston County, NY 46 Steuben County, NY 48 Bronx County, NY 49 Nassau County, NY 50 Monroe County, NY 50 Middlesex County, NJ 46 Bergen County, NJ 45