ZIP Code · NY

ZIP 14227

Part of Buffalo, NY

Pop. 20,621·Erie County·320th most expensive ZIP in New York

Median rent (all units)

$1,254/mo

Year-over-Year

+1.4%

Month-over-Month

+0.9%

vs US Median

-$678

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 14227 · $1,254

More affordable than 89% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 14227 is 3.5% below its high of $1,299 in November 2024, at $1,254 as of September 2026.

Past year vs. the rest of New York

Rent in ZIP 14227 changed +1.4% over the year to September 2026. Across the 251 New York ZIP codes Zillow tracks, the typical change was +5.6%.

Recent direction

Rent has risen 2 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($68,928) is $1,723 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,510); a 3-bedroom is $1,840.

Rank in Buffalo

4th cheapest of 19 ZIP codes in Buffalo.

From Zillow's monthly rent index (ZORI) for ZIP 14227. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$15,048/yr

At $1,254/mo median

Location

CityBuffalo

StateNY

CountyErie County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.4% YoY, +0.9% MoM), not inventory.

Demographics

Who lives here

ZIP 14227 (Buffalo, NY) is majority owner-occupied, has a large retiree population, 28.5% of residents hold a bachelor's degree or higher.

Population

20,621

Median income

$68,928

Median age

48.4

Renters

33.1%

Age distribution

13.9%

21.4%

25.5%

12.3%

26.9%

Under 1813.9%

18–3421.4%

35–5425.5%

55–6412.3%

65+26.9%

Gender

46.9%

53.1%

Male46.9%

Female53.1%

Race & ethnicity

81.3%

White81.3%

Black8.9%

Hispanic4.9%

Asian4.9%

Education (25+)

33.5%

33.3%

28.5%

No HS diploma4.8%

HS diploma33.5%

Some college33.3%

Bachelor's+28.5%

Housing tenure

66.9%

33.1%

Owner66.9%

Renter33.1%

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

2022 vs 2026

How ZIP 14227 in Buffalo, NY has changed in 5 years

Rent

$1,196 → $1,254

up 4.8%

Income

$61,510 → $68,928

up 12.1%

Population

20,990 → 20,621

down 1.8%

Renter share

33.9% → 33.1%

-0.8 pts

Bachelor's+

21.9% → 28.5%

+6.6 pts

Median age

49.4 → 48.4

-1.0 yrs

Five years ago, renters in ZIP 14227 in Buffalo, NY paid around $1,196 a month. That figure now sits near $1,254, up 4.8% from the 2022 baseline. On the earnings side, the typical household in ZIP 14227 in Buffalo, NY now reports about $68,928, up from $61,510 in 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 14227 in Buffalo, NY losing about 369 residents over the five-year window, down 1.8% on net. Bachelor's-degree-or-higher attainment moved from 21.9% to 28.5% across the same window. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 14227 in Buffalo, NY reflects that arc in its own way.

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About renting in ZIP 14227

Last updated: October 17, 2026

ZIP code 14227 covers Buffalo, NY. The median rent here is $1,254/mo as of October 2026. A 1-bedroom rents for a median of $1,280/mo. A 2-bedroom rents for a median of $1,510/mo.

At 22% of local median household income ($68,928/yr), ZIP 14227 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 14227?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (about $24/hour full-time) to afford the median rent of $1,254/mo in ZIP 14227. The local median household income is $68,928/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 14227?

Rent in ZIP 14227 has risen 1.4% over the past year as of September 2026. It sits 3.5% below its high of $1,299 in November 2024.

How does ZIP 14227 compare to other ZIPs in New York?

ZIP 14227 is one of the more affordable among New York ZIP codes for rent, ranking #320 of 334 at $1,254/mo. Over the year to September 2026, rent in ZIP 14227 changed +1.4%, against a typical +5.6% across the 251 New York ZIP codes Zillow tracks.