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 Type | 0% |
| One Bedroom | 16.80% |
| Two Bedrooms | 30.20% |
| Three Bedrooms | 42.10% |
| Four Bedrooms | 8.90% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.73 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $72,700 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.57 |
| Median year structure was built | 1981 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.70% |
| Home Equity Loan | 5.20% |
| Simple Mortgage | 44.80% |
| Debt Free | 48.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.1% |
