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Affordable
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These days, finding an affordable place to live in the Buffalo area can be challenging. Home prices in Buffalo are now at a median cost of $243,104, higher than the Iowa average of $226,062.
The average cost of rent is $801/mo in Buffalo, primarily driven by the current value of real estate in the Buffalo area. In Buffalo, 9.95% of households rent, and 31.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Buffalo is $8,870 per month. Households that rent pay about 9.03% of their income on rent here. Buffalo’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Andalusia, IL: less expensive homes
- Blue Grass, IA: equally priced homes
- Taylor Ridge, IL: equally priced homes
- Montpelier, IA: higher priced homes
- Milan, IL: less expensive homes
- Rock Island, IL: less expensive homes
- New Era, IA: higher priced homes
- Oak Grove, IL: less expensive homes
- Reynolds, IL: less expensive homes
- Davenport, IA: less expensive homes
Cities with Similar Populations
- North Hartsville, SC: less expensive homes
- Mount Olivet, KY: less expensive homes
- Cando, ND: less expensive homes
- Vander, NC: less expensive homes
- Turners Station, KY: equally priced homes
- Cheltenham, MD: higher priced homes
- Columbia, VA: higher priced homes
- Tiltonsville, OH: less expensive homes
- Muldraugh, KY: less expensive homes
- New York, TX: higher priced homes
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