Housing market/New York/ZIP 14203
ZIP 14203 Buffalo, New York
Buffalo-Cheektowaga, NY MSA · New York. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 14203 · NY — sent to you.
ZIP 14203 · NY
ACS rent vs 2BR SAFMR
ZIP 14203 — Buffalo, NY HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 14203
- 1-unit detached20.1%
- 1-unit attached1307.6%
- 2–4 units945.5%
- 5–49 units60935.6%
- 50+ units87751.2%
2–4 unit share 5.5% · 5–49 unit share 35.6% · combined 2–49 41.1%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,167 (all bedrooms, occupied rentals).
- Median contract rent $1,033.
- Renters paying ≥30% of income 43.0%; ≥50% 16.0%.
- FY2027 2BR SAFMR $1,970 (1.688× ACS median gross rent).
Population
2,526 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +51.6%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 3 projects, 290 units.
- HUD project-based assisted MF: 3 properties, 412 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 495 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 14203 97.4% of occupied households are renters; vacancy is 1.3%; ACS median gross rent is $1,167; population increased +51.6% between the 2018 and 2023 ACS vintages; the housing stock includes 94 units in 2–4-unit structures and 609 units in 5–49-unit structures; 3 LIHTC projects totaling 290 units; FY2027 2BR SAFMR is $1,970 versus ACS median gross rent of $1,167. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
New York research
ZIP 14203 is a Census / HUD profile for Buffalo-Cheektowaga, NY. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 14203 — Buffalo, NY HUD Section 8 Payment Standards / SAFMR·New York ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is New York research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 14203?
ZIP 14203 (Buffalo-Cheektowaga, NY MSA) has 2,526 residents, 1,690 households, a renter share of 97.4%, median household income of $48,529, and ACS 2023 median gross rent of $1,167. Vacancy is 1.3%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 14203?
ACS counts 33 units in 2-unit buildings, 61 in 3–4 unit buildings, 84 in 5–9, 133 in 10–19, and 392 in 20–49. Combined 2–49 unit stock is 703 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 14203?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,970. See the full schedule and 90–110% payment-standard band on the ZIP 14203 — Buffalo, NY HUD Section 8 Payment Standards / SAFMR.
Does this New York ZIP profile include Georgia listings?
No. ZIP 14203 is Census / HUD research for Buffalo-Cheektowaga, NY MSA. Jeff Crowe CRE does not list New York property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.