Buffalo Lake, MN Real Estate
According to census data in the year 2000 there were 306 housing units in Buffalo Lake.
This represents a 1.3% decline from 310 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 306 were located in what is classified as a rural area.
Homeownership rate in Buffalo Lake is about 84.9%.
Buffalo Lake's vacancy rate, including seasonal lodging, is about 7.2%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in Buffalo Lake were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 6.90% |
| Two Bedrooms | 31.40% |
| Three Bedrooms | 49% |
| Four Bedrooms | 10.10% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $54,100 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1956 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.60% |
| Home Equity Loan | 4.20% |
| Simple Mortgage | 38% |
| Debt Free | 53.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14% |
