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Buffalo, IL Real Estate


According to census data in the year 2000 there were 202 housing units in Buffalo. This represents a 1% growth from 200 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 202 were located in what is classified as a rural area.

Homeownership rate in Buffalo is about 74.5%. Buffalo's vacancy rate, including seasonal lodging, is about 5%. Average household size is 2.44 people.

The majority of houses, apartments or condos in Buffalo were built after 1963.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom16.80%
Two Bedrooms30.20%
Three Bedrooms42.10%
Four Bedrooms8.90%
Five Bedrooms or more2%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.73
Median year structure was built1956
Median Value of occupied units$72,700
Median Price asked for vacant units$55,000

Rented Homes, Apartments and Condos

Average Household Size1.57
Median year structure was built1981

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage1.70%
Home Equity Loan5.20%
Simple Mortgage44.80%
Debt Free48.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs13.1%