The housing market in Buffalo, SD is booming. The median value of homes in the area is currently $119,000, which is much lower than the US median of $338,100. Furthermore, the appreciation rate for homes in Buffalo over the past year has been 15.62%, significantly higher than the national average of 8.27%. This trend suggests that the housing market in Buffalo is particularly strong and could be a great option for potential homebuyers looking to find a good value.
The median home cost in Buffalo is $119,000. Home appreciation the last 10 years has been 100.3%. Home Appreciation in Buffalo is up 18.1%.
Average Age of Homes
- The median age of Buffalo real estate is 44 years old
The Rental Market in Buffalo
- Renters make up 24.3% of the Buffalo population
- 5.7% 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.