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Affordable
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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 $190,557, lower than the Minnesota average of $345,793.
The average cost of rent is $752/mo in Buffalo Lake, primarily driven by the current value of real estate in the Buffalo Lake area. In Buffalo Lake, 17.16% of households rent, and 53.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Buffalo Lake is $6,232 per month. Households that rent pay about 12.07% of their income on rent here. Buffalo Lake’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: equally priced 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: less expensive homes
- Lincoln Center, KS: less expensive homes
- Lincoln, MT: higher priced homes
- Linden, IN: equally priced homes
- Lometa, TX: higher priced homes
- Lorimor, IA: less expensive homes
- Louin, MS: less expensive homes
- Stokes, MS: higher priced homes
- Lilbourn, MO: less expensive homes
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