Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Buffalo Lake area can be challenging. Home prices in Buffalo Lake are now at a median cost of $140,019, lower than the Minnesota average of $269,934.
The average cost of rent is $751/mo in Buffalo Lake, primarily driven by the current value of real estate in the Buffalo Lake area. While nearly 50.48% of residents own their homes outright in Buffalo Lake, 19.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in Buffalo Lake is $4,900 per month. Households that rent pay about 15.33% of their income on rent here. Buffalo Lake's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Hector, MN: less expensive homes
- Stewart, MN: higher priced homes
- Lakeside, MN: higher priced homes
- Brownton, MN: higher priced homes
- Bird Island, MN: less expensive homes
- Cosmos, MN: equally priced homes
- Gibbon, MN: less expensive homes
- Cedar Mills, MN: higher priced homes
- Fairfax, MN: less expensive homes
- Hutchinson, MN: higher priced homes
Cities with Similar Populations
- Bryson, TX: less expensive homes
- Lynnville, IN: equally priced homes
- Lincoln Center, KS: less expensive homes
- Lincoln, MT: higher priced homes
- Linden, IN: less expensive homes
- Lometa, TX: less expensive homes
- Lorimor, IA: equally priced homes
- Louin, MS: less expensive homes
- Stokes, MS: higher priced homes
- Lilbourn, MO: less expensive homes
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