As you read this article, you’ll learn about the many Buffalo waterfront neighborhoods:
- The historic Old First Ward
- The bustling Center Business District
- The affordable University area
The area along the Niagara River is filled with fun activities, great job opportunities, and beautiful places to live. If you’re interested in Buffalo, NY waterfront residential living, there are several neighborhoods to consider.
Old First Ward
The Old First Ward gets its name from its former role as the center of Buffalo industry. Due to its excellent location and existing infrastructure, this neighborhood has been the focus of revitalization efforts, which have brought it up to speed with modern sensibilities while retaining the historical atmosphere that makes the Old First Ward special.
Historical Area
Within the Old First Ward, you can find the Cobblestone District, famed for its renovated historic buildings. There’s plenty to do in this beautiful area:
- Catch a show at the Helium Comedy Club
- Visit the Buffalo Iron Works
- Get a drink at the Lockhouse Distillery
Various Entertainment
New businesses are opening in the Old First Ward, making it a great place for shopping and dining. If you love spending the night on the town, this neighborhood is an excellent choice.
South Park
This neighborhood is ranked as one of the top residential areas in Buffalo, NY, due to the wide range of services and high affordability. It’s very close to Lake Erie, making it ideal waterfront residential living. It’s also a reasonable distance from the Tifft Nature Preserve, which is filled with hiking trails and other outdoor fun.
Affordable Housing
Rent is incredibly affordable in South Park, with a median cost of $512 a month. That’s 46% lower than the national average, which means you can find a higher quality living space for less in Buffalo, NY. Single-family residences are also much cheaper, with a median value of $65,414. Individuals interested in setting down roots and starting a family may find South Park one of their top choices.
Low Crime Rate
South Park is an incredibly safe area with fewer than 1,750 instances of crime per 100,000 people. This rate is significantly lower than the national average, making this neighborhood a great area for raising a family.
Albright
Not only is Albright close to the Niagara River, but it’s also only a short distance from Hoyt Lake and Delaware Park. Individuals who love the outdoors, but don’t want to take a day trip to enjoy them, will love this neighborhood’s proximity to open, green spaces.
Great Schools
Albright has an excellent graduation rate of 92%, which is 11% higher than the national average. Families looking to set their children up for success should consider the Albright neighborhood.
Wide Range of Amenities
If you love the outdoors, you’ll appreciate Albright. This neighborhood is close to several public parks:
- Delaware Park
- Lincoln Parkway
- Richard Olmsted Complex’s South Lawn
There’s also plenty of shopping and many nearby restaurants to choose from.
Central Business District
The Central Business District is right in the middle of the hustle and bustle that is Buffalo, NY. There are many historic areas, including City Hall, and revitalization efforts are underway.
One of the best things about the Central Business District is the proliferation of multi-use properties, which means you can live down the block from your work and a few floors above your favorite restaurant. This area is incredibly walkable and situated along the City Ship Canal.
Low Cost of Living
Even though it’s at the heart of Buffalo’s industry, the Central Business District is still affordable. Since your dollar stretches further, you can enjoy more of the delicious food, great entertainment, and fun events available in this neighborhood.
Low Unemployment Rate
The Central Business District is an appealing area for new businesses due to the heavy foot traffic and available grants. With so many entrepreneurs setting up shop, there’s a high demand for workers. In fact, the demand is so high, the unemployment rate in this neighborhood is nearly zero percent.
University
The University neighborhood includes a University of New York campus, making it the perfect spot for individuals who work or attend school there. It’s only a short drive from the Niagara River and several public parks.
Low Rent
The median monthly rent in University is $657, which is 31% below the national average. Homes are also inexpensive, with a median cost of $77,950, 58% below the national average. This cheap housing frees up residents’ budgets, allowing them to own their homes while still enjoying the many amenities Buffalo, NY, offers.
Low Cost of Living
This neighborhood has a relatively low cost of living, which is excellent for students on a budget. In fact, the U.S. average is 17% higher than the University’s cost of living, which means residents have greater purchasing power than individuals in similar areas across the country.
South Abbott
South Abbott is situated between South Park and Cazenovia Park, making it an excellent choice for families or individuals who like to spend the weekend outdoors. It’s close to US 219 for convenient commutes and is only a short drive from the Niagara River.
Affordable Rent
Rent in South Abbott is one of the lowest you’ll find in Buffalo, NY, which is already well under the U.S. average. The median monthly payment is just $383, which means you can live well while saving for your own home. Single-family homes are also quite affordable here, with the median cost being around $113,000, which is 38% below the national average.
Low Crime Rates
South Abbott has incredibly low crime rates at 71% below the national average. Young professionals living on their own can feel comfortable walking alone in this neighborhood or staying out late. The low crime rate is also excellent for families.
If you’re moving to Buffalo, NY, you need a residence that offers a convenient commute, access to entertainment, and comfortable premises. The good news is, Ellicott Development owns and manages a wide variety of properties all across the city, ensuring you can find the perfect place. To look at available apartments or to find out more about Ellicott Development, you can visit us online or give us a call at 716-854-0060.
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