The housing market in Buffalo, IL is thriving. The median value of a house in the area is $135,700, which is much less than the US median of $338,100. This affordability has allowed people to invest in homes and start to build equity. Additionally, Buffalo's one year house appreciation rate is 10.25%, which is higher than the US average of 8.27%. These conditions have attracted more buyers and sellers to the area and increased property values throughout the city.
The median home cost in Buffalo is $135,700. Home appreciation the last 10 years has been 33.9%. Home Appreciation in Buffalo is up 11.6%.
Average Age of Homes
- The median age of Buffalo real estate is 49 years old
The Rental Market in Buffalo
- Renters make up 33.3% of the Buffalo population
- 3.9% 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.