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 Type | 0% |
| One Bedroom | 12.40% |
| Two Bedrooms | 33.40% |
| Three Bedrooms | 39.30% |
| Four Bedrooms | 10.90% |
| Five Bedrooms or more | 4% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.85 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $74,100 |
| Median Price asked for vacant units | $65,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.97 |
| Median year structure was built | 1949 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.90% |
| Home Equity Loan | 4.60% |
| Simple Mortgage | 49.90% |
| Debt Free | 36.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15% |
