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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 $175,985, lower than the Indiana average of $232,932.
The average cost of rent is $767/mo in Buffalo, primarily driven by the current value of real estate in the Buffalo area. In Buffalo, 7.23% of households rent, and 54.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Buffalo is $6,205 per month. Households that rent pay about 12.36% of their income on rent here. Buffalo’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sitka, IN: equally priced homes
- Headlee, IN: equally priced homes
- Monon, IN: less expensive homes
- Indiana Beach, IN: higher priced homes
- Pulaski, IN: higher priced homes
- Monticello, IN: equally priced homes
- Francesville, IN: equally priced homes
- Idaville, IN: less expensive homes
- Lee, IN: equally priced homes
- Star City, IN: less expensive homes
Cities with Similar Populations
- Little Needmore, KY: higher priced homes
- Wolf Creek, WI: higher priced homes
- Kent, VA: less expensive homes
- Winston, VA: higher priced homes
- Battiest, OK: equally priced homes
- Indian Mills, WV: less expensive homes
- Hyak, WA: higher priced homes
- Hughes, LA: less expensive homes
- Horsegall, SC: less expensive homes
- Zoar, NY: higher priced homes
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