Erie County, New York: What It Costs to Buy a Home
The median home in Erie County is worth $217,400, property taxes on it run about $4,525 a year (2.08%), the FHA loan limit is $541,287, and closing on it means about $4,130 in transfer tax plus $1,591 in title insurance. Each number below opens its own page with the source and a calculator.
| Median home value | $217,400 | Title insurance at this price → |
|---|---|---|
| Property taxes (median paid) | $4,525 a year, 2.08% of value | Property tax page → |
| FHA loan limit (1 unit) | $541,287 | Loan limits page → |
| Conforming loan limit (1 unit) | $832,750 | Loan limits page → |
| Transfer tax on the median home | $4,130 (incl. Erie County real property transfer tax and Erie County mortgage recording tax (local component)) | New York transfer tax page → |
| Title insurance on the median home | $1,224 owner's + $367 lender's | Title insurance page → |
| Recording fees (deed + mortgage) | $340 | Recording fees page → |
| Closing costs from these items | $6,061 | Closing costs page → |
| Area median income (HUD, family of 4) | $101,500; low-income limit $81,200 | Income limits page → |
Frequently asked questions
How much do homes cost in Erie County?
The median owner-occupied home in Erie County is valued at $217,400, per U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25077 (median value of owner-occupied housing units).
How much are property taxes in Erie County?
The median Erie County homeowner pays $4,525 a year in real estate taxes, about 2.08% of the median home value ($4,837 for homes with a mortgage), per the Census Bureau's American Community Survey.
What is the FHA loan limit in Erie County?
$541,287 for a one-unit home in 2026 (the national floor), per HUD; the conforming limit for Fannie Mae and Freddie Mac loans is $832,750, per FHFA.
What does it cost to close on a home in Erie County?
On the $217,400 median home: transfer tax $4,130, title insurance $1,591 for both policies, recording fees about $340, about $6,061 for those items before lender fees, prepaid taxes and insurance.
What is the area median income in Erie County?
HUD's FY 2026 median family income for Erie County (Buffalo-Cheektowaga, NY MSA) is $101,500. A family of four counts as low income below $81,200 under HUD's 80% tier (adjusted for local housing costs, so it can sit above 80% of the median), which is the line many first-time buyer assistance programs use.
Nearby New York counties
- Cortland County $158,100
- Delaware County $176,200
- Dutchess County $368,100
- Essex County $200,000
- Franklin County $128,600
- Fulton County $156,100
Sources
- U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25077 (median value of owner-occupied housing units)
- U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25103 (median real estate taxes paid)
- HUD, FHA forward mortgage loan limits for calendar year 2026 (CHUMS county limits file, Mortgagee Letter 2025-23)
- FHFA, conforming loan limits for mortgages acquired in calendar year 2026, by county
Figures are computed from the documents above and rounded to the dollar. All sources.
Every New York county → New York closing costs →
General information, not financial, tax or legal advice. Figures are medians and schedule computations, not quotes.
Counties in every state