Written by: Ashley Durmo
Introduction
Buffalo, NY, is a city rich with cultural heritage, a vibrant sports scene, and growing neighborhoods that have piqued the interest of real estate investors. With its mix of historical architecture and an emerging market, Buffalo offers various submarkets that stand out for short-term rental investments. Here’s a breakdown of some of the top-performing zip codes for short-term rental investments in Buffalo, NY.
ZIP Code 14211
- Gross Yield: 25%
- Annual Revenue: $24,815
- Zillow Home Value: $100,000
ZIP Code 14211 encompasses neighborhoods like Broadway-Fillmore and parts of Schiller Park, areas known for their historic homes and proximity to the city’s eastern corridor. This ZIP code’s impressive 25% gross yield indicates high potential profitability, especially given the lower Zillow home value. The affordable property prices make it a desirable entry point for investors. Broadway-Fillmore, in particular, has seen renewed interest in restoration projects, which could attract more visitors and increase rental revenue. With 12 full-time listings, the market is competitive but ripe for growth.
ZIP Code 14223
- Gross Yield: 17%
- Annual Revenue: $41,542
- Zillow Home Value: $249,400
ZIP Code 14223 covers parts of Tonawanda, a suburb with a strong community feel and access to waterfront activities along the Niagara River. This area offers the highest annual revenue on the list, suggesting consistent guest demand and higher nightly rates. Despite a higher Zillow home value, the steady gross yield of 17% makes it a strong contender for short-term rental investment. With only six full-time listings, investors can take advantage of the area’s mix of suburban comfort and proximity to Buffalo’s bustling city life.
