How much is a home worth in ZIP code 14204?

The typical home in 14204 is worth $185,005, based on the Zillow Home Value Index.

Are home values rising in 14204?

Home values in 14204 are down 1.4% over the past year, and up 5.3% a year over five years.

What is the typical rent in 14204?

A typical home in 14204 rents for about $1,853 a month, a gross rental yield of 12.0%.

What is the property tax rate in 14204?

The effective property tax rate in 14204 is 1.1% — roughly $1,954 a year on a typical home.

ZIP code 14204 has a population of 7,932 and a median household income of $28,182.

HousingHandbookReference data

…

U.S. ZIP Code · NY14204

Erie County · Buffalo-Cheektowaga, NY

Typical home value

$185,005^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.4%
5-year / yr: +5.3%
10-year / yr: +7.6%

Relative price

vs U.S.: -34.9%
vs metro: -31.9%
vs state: -41.9%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 14204 is worth $185,005 — 31.9% below the Buffalo-Cheektowaga, NY median. Over the past year, values have fallen 1.4%. Homes here rent for a typical $1,853 a month — a 12.0% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,853^[2]
Gross yield: 12.0%^[2]
Cap rate: 7.2%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.1%^[3]
Typical annual tax: $1,954^[3]

#Climate risk

FEMA National Risk Index ratings for Erie County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Relatively Low
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Relatively Low
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Very High

#Who lives here

Population: 7,932^[3]
Median household income: $28,182^[3]

#Migration

Household moves in and out of Erie County over a year, from IRS tax-return data.

Net migration: -2,722^[5]
Moved in: 11,871
Moved out: 14,593

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 6
Elementary: 4
Middle: 1
High: 1

CITY HONORS SCHOOL
High · Grades 5–12 · BUFFALO CITY SCHOOL DISTRICT
1,056 students
REACH ACADEMY CHARTER SCHOOL
Elementary · Grades K–7 · REACH ACADEMY CHARTER SCHOOL
695 students
BENNETT PARK MONTESSORI SCHOOL
Elementary · Grades PK–8 · BUFFALO CITY SCHOOL DISTRICT
600 students
BUFFALO ELEMENTARY SCHOOL OF TECHNOLOGY
Elementary · Grades PK–8 · BUFFALO CITY SCHOOL DISTRICT
522 students
MARVA J DANIEL FUTURES PREPARATORY SCHOOL
Elementary · Grades PK–8 · BUFFALO CITY SCHOOL DISTRICT
424 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield12.0%

Net yield (after ~40% expenses)7.2%

Annual rent$22,230

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$935

Loan principal$148,004

Down payment$37,001

Total interest paid$188,771

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.68

Monthly cost to own$1,253

Monthly rent$1,853

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 18th percentile^[1]
Rental yield: 94th percentile^[2]
Property tax: 12th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

8th for highest rental yield in NYView list →

Frequently asked

How much is a home worth in ZIP code 14204?: The typical home in 14204 is worth $185,005, based on the Zillow Home Value Index.
Are home values rising in 14204?: Home values in 14204 are down 1.4% over the past year, and up 5.3% a year over five years.
What is the typical rent in 14204?: A typical home in 14204 rents for about $1,853 a month, a gross rental yield of 12.0%.
What is the property tax rate in 14204?: The effective property tax rate in 14204 is 1.1% — roughly $1,954 a year on a typical home.
Who lives in 14204?: ZIP code 14204 has a population of 7,932 and a median household income of $28,182.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

14126 vs 14204 →
Olcott CDP, NY
Typical home
$181,201
Gross yield
—
14210 vs 14204 →
Buffalo, NY
Typical home
$177,667
Gross yield
8.9%
14206
Buffalo, NY
Typical home
$173,615
Gross yield
7.1%
14213
Buffalo, NY
Typical home
$199,502
Gross yield
8.4%
14304
Niagara Falls, NY
Typical home
$206,756
Gross yield
8.1%
14207
Buffalo, NY
Typical home
$157,873
Gross yield
9.6%

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Pit ZIP 14204 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NY14204

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