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Erie County, NY

RANK #267 / 996  ·  POP 951,232  ·  NY

PROJECTED GROWTH: +1.7%

Erie County combines solid growth with real affordability — a rare combination.

[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] Signal Profile

[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

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 →

[06] 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.

[07] Frequently Asked Questions

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

Erie County has a Boom Town Index score of 73/100, ranking #267 among 996 U.S. counties. With job growth at +1.3% and a median household income of $68,014, it's an above-average county on economic indicators.

Is Erie County affordable?

The median home value in Erie County is $197,400 with median rent at $984/month. The income-to-home-value ratio is 0.3445, which is more affordable than the national average.

Is Erie County growing or shrinking?

Population growth: +0.2% year-over-year. Job growth: +1.3%. Home values changed +3.7% in the past 12 months.

Are people moving to Erie County?

Yes — 2.17% of Erie County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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