Buffalo Lake, MN is a town with a relatively low median value for housing compared to the US median. The US house median value is over $150,000 more than Buffalo Lake's at $338,100. In the last year, the housing in Buffalo Lake has appreciated at 6.82%, lower than the US average of 8.27%. This indicates that Buffalo Lake is an affordable area for those looking to buy a home but may not be ideal for investors who are looking to make a profit from real estate appreciation.
The median home cost in Buffalo Lake is $185,000. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Buffalo Lake is up 11.0%.
Average Age of Homes
- The median age of Buffalo Lake real estate is 58 years old
The Rental Market in Buffalo Lake
- Renters make up 20.3% of the Buffalo Lake population
- 2.2% of houses and apartments in Buffalo Lake, 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.