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Buffalo, IA Real Estate


According to census data in the year 2000 there were 524 housing units in Buffalo. This represents a 14.2% growth from 459 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 524 were located in what is classified as a rural area.

Homeownership rate in Buffalo is about 72.9%. Buffalo's vacancy rate, including seasonal lodging, is about 5.7%. Average household size is 2.61 people.

The majority of houses, apartments or condos in Buffalo were built after 1952.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom12.40%
Two Bedrooms33.40%
Three Bedrooms39.30%
Four Bedrooms10.90%
Five Bedrooms or more4%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.85
Median year structure was built1954
Median Value of occupied units$74,100
Median Price asked for vacant units$65,000

Rented Homes, Apartments and Condos

Average Household Size1.97
Median year structure was built1949
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.90%
Home Equity Loan4.60%
Simple Mortgage49.90%
Debt Free36.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15%