Buffalo, New York Short-Term Rental Market Overview

Population: 255,844
Annual Visitors: 2,200,000
Total STRs: 1,602
ADR: $156.27

Visitor Profile

Buffalo, New York attracts a diverse array of short-term visitors, each seeking unique experiences rooted in the city’s rich cultural tapestry and scenic beauty. Cultural enthusiasts are drawn to the city’s vibrant art scene, historic architecture, and lively music venues, while outdoor lovers enjoy exploring nearby waterfalls, scenic parks, and scenic urban revitalization efforts. Visitors often seek activities such as architectural tours, interactive history exhibits, and exploring the city’s renowned Canalside harbor district, which offers a lively atmosphere filled with shops, eateries, and waterfront entertainment. These visitors value authentic local experiences, historic landmarks, and the chance to enjoy Buffalo’s famous cuisine and friendly hospitality.

Top Attractions

Buffalo, New York, offers a compelling mix of cultural, historical, and architectural attractions that draw visitors from around the world. The city is renowned for its remarkable art, music, and architecture, with highlights such as the Buffalo AKG Art Museum and the Martin House Complex, designed by Frank Lloyd Wright. Visitors can indulge in the vibrant arts scene, explore unique architectural tours, and enjoy the diverse culinary offerings, including the city’s birthplace famous for Buffalo wings. The proximity to Niagara Falls also makes Buffalo an ideal gateway for travelers wanting to experience one of nature’s most breathtaking attractions.

Beyond its architectural and artistic appeal, Buffalo is known for its lively neighborhoods, outdoor activities, and sports culture. Delaware Park and other outdoor spaces provide scenic spots for relaxation and recreation, while the city’s historic districts showcase a rich heritage. The welcoming and affordable atmosphere makes Buffalo a must-visit destination for those seeking a blend of cultural enrichment and outdoor adventure. Whether exploring museums, trying local cuisine, or taking in the stunning sights, visitors will find plenty of reasons to fall in love with this dynamic city.

Regulations

Buffalo, New York, maintains a structured regulatory environment for short-term rentals, designed to balance the interests of property owners, guests, and the broader community. Hosts can expect a framework that typically requires registration, adherence to specific zoning requirements, and compliance with safety and tax regulations. These measures aim to ensure that short-term rental operations contribute positively to the local economy while minimizing disruptions to neighborhoods and maintaining public safety.

Understanding Local Ordinances:

Licensing and Permits: Short-term rental hosts in Buffalo are generally required to register their properties with the city, obtaining necessary permits or licenses. This registration process helps the city monitor operations and enforce compliance. The exact application process and costs may be specified by the city departments responsible for housing or licensing.

Primary Residence Requirements: Regulations often stipulate that the property used for short-term renting must be the host’s primary residence, or place limits on the number of days a non-primary property can be rented out. This helps prevent the conversion of residential housing stock into perpetual rentals and protects community character.

Zoning and Location: Buffalo enforces zoning laws that define where short-term rentals can operate, with potential restrictions in certain residential zones to preserve neighborhood tranquility.

Occupancy, Health & Safety: Hosts must comply with occupancy limits and ensure their properties meet health and safety standards such as functioning smoke detectors, carbon monoxide alarms, and fire extinguishers. These standards safeguard both guests and neighbors.

Tax Obligations: Hosts are typically responsible for collecting and remitting transient occupancy taxes and may be subject to additional sales or tourism-related taxes, in accordance with city and state law.

Operational Standards & Enforcement: There may be rules addressing advertising clarity (e.g., correct license display), noise controls, guest behavior management, and fines or penalties for violations. Enforcement mechanisms are usually in place to uphold these standards.

For the most current and legally binding information, property owners should consult the City of Buffalo’s Official STR Regulations Page which provides detailed guidance, applications, and updates directly from city departments. This official resource ensures that hosts are informed about their obligations and helps foster compliant, responsible hosting within Buffalo’s community.

Buffalo, New York Market Performance Trends

LTM Avg. Daily Rate$168.00
LTM Occupancy Rate51.6%
LTM Avg. Revenue$1,947

Buffalo, New York Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:62.9% Booked
  • 4-6 Months:60.2% Booked
  • 7-9 Months:40.6% Booked
  • 10-12 Months:5.8% Booked

Cancellation Policies

  • Flexible:34.9%
  • Moderate:35.2%
  • Strict:27%
  • Super Strict:27%
  • N/A:1.6%

Minimum Stay

  • 1 Day:657
  • 2 Days:431
  • 3 Days:118
  • 4-6 Days:75
  • 7-29 Days:105
  • 30+ Days:177

Buffalo, New York Rental Market Composition

Entire Place by Beds

Common Rental Amenities

Guest Rating Highlights

  • Overall Rating:4.74 / 5
  • Cleanliness:4.77 / 5
  • Location:4.72 / 5
  • Value:4.74 / 5
  • Accuracy:4.81 / 5
  • Check-in:4.89 / 5
  • Communication:4.89 / 5

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