Zip 55314 (Buffalo Lake, MN) Housing

The housing market in 55314 Buffalo Lake, MN is thriving. The median value of a home is $184,600, which is significantly lower than the US housing median of $338,100.Although the appreciation rate for homes in Buffalo Lake is slightly lower than the US rate at 6.82%, it has still increased steadily over the past year. This indicates that the area is seeing positive growth and presents an attractive opportunity for those looking to invest in real estate.

The median home cost in Buffalo Lake (zip 55314) is $184,600. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Buffalo Lake (zip 55314) is up 11.0%.

Average Age of Homes

- The median age of Buffalo Lake (zip 55314) real estate is 59 years old

The Rental Market in Buffalo Lake (zip 55314)

- Renters make up 13.1% of the Buffalo Lake (zip 55314) population
- 1.1% of houses and apartments in Buffalo Lake (zip 55314), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Buffalo Lake, Minnesota	United States
	532.0	139,647,020.0
	62	42
	$184,600	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$10.17	$10.98
	$1,446	$2,690
	64.1%	57.4%
	20.9%	11.2%
	15.0%	31.4%
Vacant Housing
	1.1%	1.9%
	0.0%	0.4%
	2.4%	0.7%
	0.0%	0.4%
	3.0%	3.6%
	14.3%	4.1%
Value of Owner-Occupied Housing
	2.1%	2.6%
	1.8%	2.4%
	7.9%	2.8%
	11.1%	3.9%
	9.4%	4.5%
	21.1%	11.3%
	12.0%	13.0%
	17.9%	20.1%
	11.4%	13.6%
	3.2%	8.3%
	0.9%	9.7%
	0.6%	3.9%
	0.6%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.9%	13.6%
	10.9%	13.6%
	7.3%	13.6%
	7.1%	13.2%
	13.0%	14.8%
	7.3%	13.6%
	16.9%	10.0%
	5.5%	4.7%
	29.3%	12.2%

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