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ZIP Code · NY

ZIP 14216

Part of Buffalo, NY
Pop. 22,849·Erie County·270th most expensive ZIP in New York
Median rent (all units)
$1,608/mo
Year-over-Year
+14.4%
Month-over-Month
+3.5%
vs US Median
-$357
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 14216 · $1,608
More affordable than 66% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,240
1 BR
$1,280
2 BR
$1,510
3 BR
$1,840
4 BR+
$2,100
Research median
$1,510/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$19,296/yr
At $1,608/mo median
Location
StateNY
CountyErie County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 14.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+14.4% YoY, +3.5% MoM), not inventory.
Demographics

Who lives here

ZIP 14216 (Buffalo, NY) is roughly split between renters and owners, skews toward younger working-age adults, 54% of residents hold a bachelor's degree or higher.

Population
22,849
Median income
$69,629
Median age
35.5
Renters
54.4%
Age distribution
14.4%
34.7%
23.8%
16.4%
Under 1814.4%
18–3434.7%
35–5423.8%
55–6410.7%
65+16.4%
Gender
48.1%
51.9%
Male48.1%
Female51.9%
Race & ethnicity
72.4%
16.4%
White72.4%
Black16.4%
Hispanic5.4%
Asian1.3%
Other4.6%
Education (25+)
17.3%
24.1%
54%
No HS diploma4.6%
HS diploma17.3%
Some college24.1%
Bachelor's+54%
Housing tenure
45.6%
54.4%
Owner45.6%
Renter54.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 14216 in Buffalo, NY has changed in 5 years

Rent
$1,079 → $1,608
up 49.0%
Income
$62,243 → $69,629
up 11.9%
Population
24,445 → 22,849
down 6.5%
Renter share
50.5% → 54.4%
+3.9 pts
Bachelor's+
53.3% → 54%
+0.7 pts
Median age
34 → 35.5
+1.5 yrs

Compared with 2021, rent in ZIP 14216 in Buffalo, NY has increased by $529 per month, settling near $1,608 after starting the period at $1,079. On the earnings side, the typical household in ZIP 14216 in Buffalo, NY now reports about $69,629, up from $62,243 in 2021. Rent outpaced income growth by roughly 37.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 24,445 to 22,849 between 2021 and 2024, a 6.5% change. About 54.4% of households rent today, against 50.5% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 14216 in Buffalo, NY reflects that arc in its own way.

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Local insights

Tips for renters in ZIP 14216

About renting in ZIP 14216

Last updated: July 20, 2026

ZIP code 14216 covers Buffalo, NY. The median rent here is $1,608/mo as of July 2026. A 1-bedroom rents for a median of $1,280/mo. A 2-bedroom rents for a median of $1,510/mo.

At 28% of local median household income ($69,629/yr), ZIP 14216 ranks as affordable compared to the national benchmark of 30%. Rents have increased 14.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 14216?

As of July 20, 2026, the median monthly rent in ZIP 14216 (Buffalo, NY) is $1,608. This is based on aggregated data from public sources and community submissions.

How does ZIP 14216 rent compare to the US average?

ZIP 14216's median rent of $1,608/mo is $357 (18%) below the US national median of $1,965/mo.

How does ZIP 14216 compare to other ZIPs in New York?

ZIP 14216 is among the more affordable ZIP codes in New York, ranking #270 out of 344 ZIPs at $1,608/mo.

How much income do you need to rent in ZIP 14216?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (~$31/hour full-time) to afford the median rent of $1,608/mo in ZIP 14216. The local median household income is $69,629/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 14216?

Rent in ZIP 14216 has increased 14.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 14216 an affordable place to rent?

ZIP 14216 is considered affordable for renters. At $1,608/mo, rent takes approximately 28% of the local median household income ($69,629/yr). The standard benchmark is 30%. ZIP 14216 falls comfortably within that range.

What percentage of ZIP 14216 residents rent vs. own?

According to Census data, approximately 54.4% of ZIP 14216 households are renters, while 45.6% are owner-occupied. With a majority renter population, ZIP 14216 has a strong rental market.

How does ZIP 14216 compare to the rest of Buffalo?

ZIP 14216 is pricier than Buffalo as a whole. At $1,608/mo, it's $178 above the Buffalo citywide median of $1,430/mo.

When was rent data for ZIP 14216 last updated?

Rent data for ZIP 14216 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $1,608/mo, rent takes ~28% of ZIP 14216's median household income ($69,629/yr). The standard benchmark is 30%.

ZIP 14216 28%Benchmark 30%
State income tax4–10.9%
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Schools nearby

Public schools near ZIP 14216 (Buffalo, NY)

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