Zillow released a study that named Buffalo the hottest housing market in the U.S.
The platform - which has become a verb for those in the search process - highlighted Buffalo's affordability and job opportunities when making the announcement. Even when compared to the other metros in the top 10 of the rankings, Buffalo boasted a significantly lower typical home cost.
"Among the front-runners, Buffalo has the highest number of new jobs per new home permitted — a measure of expected demand. New jobs often mean new residents," Zillow said in its press release announcing the distinction. The City of Buffalo and Erie County's population grew in the 2020 Census for the first time since the 1950s and 1970s, respectively.
"Affordability and job growth push the Great Lakes ... to the forefront of the forecast"
"Housing markets are healthiest where affordable home prices and strong employment are giving young hopefuls a real shot at buying and starting to build equity," said Anushna Prakash, data scientist for Zillow Economic Research.
The methodology included an analysis of the top 50 metros in the country, new job creation, current and projected costs, and expected appreciation.
If you are interested in job searching in Buffalo, view our Featured Jobs webpage here or sign up for our bi-weekly newsletter here. And if you need a helpful guide for your move to The City of Good Neighbors, you can download our Relocation Guide or request a free printed copy here. With fantastic opportunities for work and play - without high costs and hassles - Buffalo Niagara is your place for a great life. We’re more than just chicken wings. Find your perfect neighborhood, favorite museum, go-to beach or bike trail, and closest craft brewery. (Ok, the wings are pretty good here, too).
You can read the full report from Zillow at this link. You can also read The New York Post's piece on the accolade here.
