Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Buffalo Grove area can be challenging. Home prices in Buffalo Grove are now at a median cost of $377,948, higher than the Illinois average of $242,002.
The average cost of rent is $1,892/mo in Buffalo Grove, primarily driven by the current value of real estate in the Buffalo Grove area. While nearly 33.87% of residents own their homes outright in Buffalo Grove, 19.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in Buffalo Grove is $10,545 per month. Households that rent pay about 17.95% of their income on rent here. Buffalo Grove's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Wheeling, IL: less expensive homes
- Lincolnshire, IL: higher priced homes
- Long Grove, IL: higher priced homes
- Riverwoods, IL: higher priced homes
- Indian Creek, IL: less expensive homes
- Palatine, IL: less expensive homes
- Kildeer, IL: higher priced homes
- Arlington Heights, IL: less expensive homes
- Prospect Heights, IL: less expensive homes
- Vernon Hills, IL: equally priced homes
Cities with Similar Populations
- Hope Mills, NC: less expensive homes
- Streamwood, IL: less expensive homes
- Fitchburg, MA: less expensive homes
- Fort Lee, NJ: higher priced homes
- Freehold, NJ: equally priced homes
- Gillette, WY: less expensive homes
- Haines City, FL: less expensive homes
- Hallandale Beach, FL: less expensive homes
- Hampton, GA: less expensive homes
- Sherwood, AR: less expensive homes
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