The housing market in Buffalo, SC is quite attractive compared to the nationwide average. The median value of a house in Buffalo is $69,800 which is significantly lower than the US House Median Value of $338,100. In addition, the 1 year appreciation rate in Buffalo for houses is 18.46%, much higher than the national appreciation rate 8.27%. This makes it a great place for people looking to invest in real estate and take advantage of rising property prices. With such an impressive rise in property values and comparatively low median value, it's no wonder why investors are eager to invest in Buffalo's housing market.
The median home cost in Buffalo is $69,800. Home appreciation the last 10 years has been 95.2%. Home Appreciation in Buffalo is up 21.0%.
Average Age of Homes
- The median age of Buffalo real estate is 43 years old
The Rental Market in Buffalo
- Renters make up 31.3% of the Buffalo population
- 6.4% 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.