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RentData.org Logo Buffalo-Niagara Falls Fair Market Rent FY 2015 Buffalo-Niagara Falls, NY MSA Rental Data

Fair Market Rent Prices in Buffalo-Niagara Falls, NY :
$581 $617 $768 $982 $1,111
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Buffalo-Niagara Falls are high compared to the national average. This FMR area is more expensive than 80% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Buffalo-Niagara Falls is $768 per month.

The previous year, rent for a two-bedroom home was $710 per month. This is a 8.17% increase year-over-year.

This FMR rate applies to Spring Brook, NY, Sardinia, NY, North Boston, NY, Athol Springs, NY, North Evans, NY, Farnham, NY, Brant, NY, Collins Center, NY, Crittenden, NY, Wales Center, NY and other cities within the region. The Metro Code or CBSA code for this region is METRO15380M15380.

Additionally, This Fair Market Rent (FMR) area Buffalo-Niagara Falls, NY MSA spans one county or city in New York which is listed in the table below. Estimated population of Buffalo-Niagara Falls, NY MSA FMR area is 919,040 people based on latest Census data.

Compared to the rest of New York, the Buffalo-Niagara Falls FMR area is less expensive than 52% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Buffalo-Niagara Falls. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Buffalo-Niagara Falls

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 614
1-BR 1-Bedroom $ 652
2-BR 2-Bedroom $ 812
3-BR 3-Bedroom $ 1038
4-BR 4-Bedroom $ 1175
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

There is just one county (listed below) within the Buffalo-Niagara Falls, NY MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Buffalo.

County / Region Est. Population
Buffalo-Niagara Falls, NY Metro 919,040
Zip Codes in Buffalo-Niagara Falls, NY MSA

There are 86 unique zip codes in this Fair Market Rent (FMR) area:

14001, 14004, 14006, 14010, 14013, 14025, 14026, 14027, 14031, 14032, 14033, 14034, 14035, 14036, 14037, 14038, 14043, 14047, 14051, 14052, 14055, 14057, 14059, 14061, 14068, 14069, 14072, 14075, 14080, 14085, 14086, 14091, 14102, 14110, 14111, 14112, 14127, 14134, 14139, 14140, 14145, 14150, 14151, 14169, 14170, 14201, 14202, 14203, 14204, 14205, 14206, 14207, 14208, 14209, 14210, 14211, 14212, 14213, 14214, 14215, 14216, 14217, 14218, 14219, 14220, 14221, 14222, 14223, 14224, 14225, 14226, 14227, 14228, 14231, 14233, 14240, 14241, 14260, 14263, 14265, 14269, 14270, 14272, 14273, 14276 and 14280

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