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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Buffalo, MO Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Buffalo, MO Housing Market Trends

With 3,422 people, 1,439 houses or apartments, and a median cost of homes of $234,548, house prices in Buffalo are solidly below the national average.

Single-family detached homes are the single most common housing type in Buffalo, accounting for 68.62% of the city's housing units. Other types of housing that are prevalent in Buffalo include duplexes, homes converted to apartments or other small apartment buildings ( 21.30%), large apartment complexes or high rise apartments ( 5.79%), and a few mobile homes or trailers ( 3.32%).

People in Buffalo primarily live in small (one, two or no bedroom) single-family detached homes. Buffalo has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Buffalo built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Buffalo built between 1940-1969 ( 33.07%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.81%). There's also some housing in Buffalo built before 1939 ( 6.88%).

Vacant housing appears to be an issue in Buffalo. Fully 13.16% of the housing stock is classified as vacant. Left unchecked, vacant Buffalo homes and apartments can be a drag on the real estate market, holding Buffalo real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Buffalo Home Appreciation Rates

In the last 10 years, Buffalo has experienced some of the highest home appreciation rates of any community in the nation. Buffalo real estate appreciated 122.38% over the last ten years, which is an average annual home appreciation rate of 8.32%, putting Buffalo in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Buffalo definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Buffalo that despite a nationwide downturn in the housing market, Buffalo real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Buffalo appreciation rates continue to be some of the highest in America, at 11.20%, which is higher than appreciation rates in 91.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Buffalo. Buffalo appreciation rates in the latest quarter were at 1.16%, which equates to an annual appreciation rate of 4.73%.

Relative to Missouri, our data show that Buffalo's latest annual appreciation rate is higher than 90% of the other cities and towns in Missouri.

Average Home Values

Median Home Value

$234,548

Buffalo, MO Home Prices
> $1,546,000
$1,160,001 - $1,546,000
$773,001 - $1,160,000
$618,001 - $773,000
$464,001 - $618,000
$309,001 - $464,000
$155,001 - $309,000
$77,001 - $155,000
$0 - $77,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
13.3%
13.3%
19.8%
19.8%
33.0%
33.0%
23.1%
23.1%
10.8%
10.8%
0% 100.0%
% of Homes
Average

for Missouri

Low

for nation

Number of Homes And Apartments:

1,439

Buffalo Appreciation Rates

Rent & Ownership

Average Market Rent:

$845 / per month

Homeownership Rate

Owners
Renters
36.4%
36.4%
63.6%
63.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
13.2%
13.2%
86.8%
86.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.8%
15.8%
44.2%
44.2%
33.1%
33.1%
6.9%
6.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.6%
68.6%
1.0%
1.0%
21.3%
21.3%
5.8%
5.8%
3.3%
3.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.1%
1.1%
13.9%
13.9%
45.1%
45.1%
38.0%
38.0%
1.8%
1.8%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Buffalo

Zip Codes in Buffalo, MO