The housing market in Buffalo, MN is relatively healthy compared to the national average. The median value of homes in Buffalo is slightly higher than the US median house value at $339,400. Although the 1 year appreciation rate for houses in Buffalo is lower than the national average at 6.82%, this is still a respectable overall gain for homeowners. This indicates that the housing market in Buffalo is growing at a steady rate and can provide potential investors with a good opportunity to make a sound investment in real estate.
The median home cost in Buffalo is $339,400. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Buffalo is up 11.0%.
Average Age of Homes
- The median age of Buffalo real estate is 24 years old
The Rental Market in Buffalo
- Renters make up 30.5% of the Buffalo population
- 1.8% of houses and apartments in Buffalo, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.