Home Price Key
Affordable
Average
Expensive
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 $245,000, lower than the Minnesota average of $269,934.
The average cost of rent is $1,226/mo in Buffalo, primarily driven by the current value of real estate in the Buffalo area. While nearly 27.42% of residents own their homes outright in Buffalo, 17.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in Buffalo is $7,053 per month. Households that rent pay about 17.39% of their income on rent here. Buffalo's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Rassat, MN: higher priced homes
- Monticello, MN: equally priced homes
- Montrose, MN: equally priced homes
- Maple Lake, MN: higher priced homes
- Rockford, MN: equally priced homes
- Waverly, MN: equally priced homes
- Hanover, MN: higher priced homes
- Greenfield, MN: higher priced homes
- Delano, MN: higher priced homes
- St. Michael, MN: higher priced homes
Cities with Similar Populations
- Willow Spring, NC: equally priced homes
- Susanville, CA: equally priced homes
- Troy, MO: less expensive homes
- Mooresville, IN: less expensive homes
- New Canaan, CT: higher priced homes
- Murphy, TX: higher priced homes
- Mountlake Terrace, WA: higher priced homes
- Mountain Home, ID: less expensive homes
- Mount Pleasant, TX: less expensive homes
- Morris Plains, NJ: higher priced homes
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