BUFFALO, N.Y. — Housing in the City of Buffalo might be more affordable than you think, a recent study found.
Buffalo ranked sixth in a global study of the most affordable housing markets, according to researchers at Chapman University and the Frontier Centre for Public Policy in Canada.
The City of Good Neighbors trailed only Pittsburgh, Rochester, St. Louis, Cleveland, and Edmonton, Alberta. Rounding out the top 10 was Detroit, Oklahoma City, Cincinnati, and Louisville.
If you're wondering which cities graded the worst in affordable housing, they were Hong Kong; three Australian cities, Sydney, Melbourne, and Adelaide; two Canadian cities, Vancouver and Toronto; plus San Jose, Los Angeles, Honolulu, San Francisco, and San Diego in the United States.
The 2024 edition of Demographia International Housing Affordability study covered 94 cities in eight countries. The numbers used were from the third quarter in 2023.
The think tank based in western Canada says it aims to "explore options for the future by undertaking research and education that supports economic growth and opportunity. Our research aims to analyze current affairs and public policies and develop effective and meaningful ideas for good governance and reform. We provide a platform for public debate and engage with the public through our numerous publications and events. "
To read the complete study, click here.
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