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Buffalo, MN Housing

 
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As of 2010-2014, median price of a house in Buffalo is $169,200, which is lower than the state average of $185,200 and is about the same as the national average of $175,700. The Buffalo median house value has grown by 30.86% since 2000. The growth rate for the price of a house in Buffalo is lower than the state average rate of 51.31% and is lower than the national average rate of 46.91%. The median year that a house in Buffalo was built is 1989, which is newer than the median year for a house built in the state which is 1975 and is newer than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 3,901 Owner Occupied Houses in Buffalo, MN, #169
Buffalo, MN
169,200 USD
Minnesota
185,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #760
Buffalo, MN
30.86%
Minnesota
51.31%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Buffalo, MNMinnesotaU.S.
Total Housing Units6,119, see rank, 100%2,364,149132,741,033
Occupied Housing Units5,766, 94.23%, see rank89.48%87.55%
Owner Occupied3,901, 63.75%, see rank64.51%56.34%
Renter Occupied1,865, 30.48%, see rank24.96%31.21%
Vacant Housing Units353, 5.77%, see rank10.52%12.45%
For Rent12, 0.20%, see rank1.22%2.34%
For Sale Only0, 0.00%, see rank0.96%1.20%
Rented or Sold, Not Occupied74, 1.21%, see rank0.68%0.92%
For Seasonal, Recreational, or Occasional Use93, 1.52%, see rank5.29%3.97%
For Migrant Workers0, 0.00%, see rank0.01%0.03%
Other Vacant174, 2.84%, see rank2.36%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #74
Buffalo, MNMinnesotaU.S.
198919751976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Buffalo, MN%MinnesotaU.S.
Owner-Occupied Units3,901100%1,525,20174,787,460
With a Mortgage3,04978.16%, see rank68.78%65.58%
Without a Mortgage85221.84%, see rank31.22%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Buffalo, MN
1,556 USD
Minnesota
1,526 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsBuffalo, MN%MinnesotaU.S.
$299 or Less00.00%, see rank0.18%0.20%
$300 to $499662.16%, see rank1.30%1.59%
$500 to $6991033.38%, see rank4.08%5.01%
$700 to $99944414.56%, see rank12.50%14.32%
$1,000 to $1,49978125.61%, see rank30.43%27.90%
$1,500 to $1,9991,01133.16%, see rank25.36%20.35%
$2,000 to $2,99957118.73%, see rank19.32%19.52%
$3,000 or More732.39%, see rank6.84%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Buffalo, MN
22.40% of the Total Income
Minnesota
22.50% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Buffalo, MN%MinnesotaU.S.
10% or Less1685.51%, see rank6.13%5.86%
10% to 20%1,04234.18%, see rank35.03%31.95%
20% to 30%1,19539.19%, see rank30.01%27.64%
30% to 40%31410.30%, see rank12.88%13.74%
40% or More31810.43%, see rank15.67%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Buffalo, MN
463 USD
Minnesota
475 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsBuffalo, MN%MinnesotaU.S.
$199 or Less313.64%, see rank4.45%7.76%
$200 to $29912714.91%, see rank10.96%14.70%
$300 to $49935341.43%, see rank39.99%34.63%
$500 to $69928032.86%, see rank27.38%21.16%
$700 or More617.16%, see rank17.23%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Buffalo, MN
11.70% of the Total Income
Minnesota
11.50% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Buffalo, MN%MinnesotaU.S.
10% or Less34940.96%, see rank43.57%40.19%
10% to 20%30736.03%, see rank31.28%31.47%
20% to 30%728.45%, see rank11.58%12.24%
30% to 40%576.69%, see rank5.05%5.64%
40% or More505.87%, see rank7.69%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Buffalo, MNMinnesotaU.S.
Total Housing Units6,119, 100%2,364,149132,741,033
1-unit, Detached3,829, 62.58%, see rank67.25%61.65%
1-unit, Attached707, 11.55%, see rank7.45%5.82%
2 Units111, 1.81%, see rank2.34%3.75%
3 or 4 Units115, 1.88%, see rank2.08%4.43%
5 to 9 Units163, 2.66%, see rank2.23%4.78%
10 or More Units877, 14.33%, see rank15.14%13.08%
Mobile Home, Boat, RV, Van, etc.317, 5.18%, see rank3.52%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Buffalo, MNMinnesotaU.S.
Total Housing Units6,119, 100%2,364,149132,741,033
1 Room269, 4.40%, see rank1.54%1.95%
2 Rooms98, 1.60%, see rank2.83%2.48%
3 Rooms461, 7.53%, see rank9.20%9.13%
4 Rooms989, 16.16%, see rank14.05%16.60%
5 Rooms868, 14.19%, see rank15.52%20.41%
6 Rooms730, 11.93%, see rank14.98%18.06%
7 Rooms780, 12.75%, see rank12.86%12.27%
8 Rooms978, 15.98%, see rank11.01%8.48%
9 Rooms or More946, 15.46%, see rank18.01%10.60%
Median Rooms6.00, see rank6.005.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Buffalo, MNMinnesotaU.S.
Total Housing Units6,119, 100%2,364,149132,741,033
No Bedroom269, 4.40%, see rank1.76%2.17%
1 Bedroom546, 8.92%, see rank11.71%11.16%
2 Bedrooms1,491, 24.37%, see rank26.64%26.69%
3 Bedrooms2,120, 34.65%, see rank34.15%39.70%
4 Bedrooms1,348, 22.03%, see rank19.81%16.05%
5 or More Bedrooms345, 5.64%, see rank5.94%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Buffalo, MNMinnesotaU.S.
Total Housing Units5,766, 100%2,115,337116,211,092
Utility Gas4,766, 82.66%, see rank66.78%48.85%
Bottled, Tank, or LP Gas88, 1.53%, see rank10.05%4.86%
Electricity752, 13.04%, see rank16.13%36.68%
Fuel Oil, Kerosene, etc.17, 0.29%, see rank2.62%5.86%
Coal or Coke0, 0.00%, see rank0.03%0.12%
Wood17, 0.29%, see rank2.55%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel91, 1.58%, see rank1.17%0.47%
No Fuel Used35, 0.61%, see rank0.65%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalBuffalo, MNMinnesotaU.S.
Occupied Units Paying Rent1,813, 100%562,19839,201,928
$199 or Less28, 1.54%, see rank2.46%1.50%
$200 to $29918, 0.99%, see rank4.66%3.18%
$300 to $499135, 7.45%, see rank9.32%7.37%
$500 to $699244, 13.46%, see rank17.06%16.01%
$700 to $999764, 42.14%, see rank33.30%29.17%
$1,000 to $1,499483, 26.64%, see rank23.49%26.88%
$1,500 to $1,999131, 7.23%, see rank7.02%9.79%
$2,000 or More10, 0.55%, see rank2.69%6.10%
Median$901, see rank$835$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Buffalo, MNMinnesotaU.S.
Occupied Housing Units5,766, 100%2,115,337116,211,092
No Vehicles Available318, 5.52%, see rank7.25%9.12%
1 Vehicles Available1,990, 34.51%, see rank30.11%33.80%
2 Vehicles Available2,409, 41.78%, see rank40.67%37.48%
3 or More Vehicles Available1,049, 18.19%, see rank21.97%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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