The 2025 Demographia International Housing Affordability report highlights the affordability challenges in New York City, which ranks as one of the priciest housing markets in the U.S. In contrast, Rochester and Buffalo are recognized as more affordable alternatives, with Rochester ranking fourth and Buffalo twelfth in terms of housing affordability. The median multiple used in the report shows Rochester's score at 3.6 and Buffalo at 4.0, significantly lower than New York City's 7.4. A growing trend reveals people are moving from expensive cities to afford more housing options while maintaining urban conveniences.
Rochester scored a 3.6 and Buffalo a 4.0, making them moderately unaffordable but still light years ahead of New York City's jaw-dropping 7.4 rating.
Further upstate, Rochester and Buffalo landed in the top 15 most affordable housing markets in the country, with Rochester coming in at No. 4 and Buffalo tied for No. 12.
A few other New York towns made the opposite end of the list, showing affordable options in contrast to New York City's high costs.
People are ditching big-ticket cities in favor of smaller, more affordable ones where their paychecks go further, enjoying modern urban conveniences.
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