According to statistics, the population in Buffalo, MN amounts to 15,996, which shows decline 0% compared to the previous year. The median age of the city’s residents is 34. The average household income is $66,910, shifting decline 0% from the past year, and the average property value in Buffalo, MN growth 3% to $185,600 throughout the year.
|Number Of Employees||8,108|
|Median Property Value||$185,600|
The average household income in Buffalo, MN declined from $67,000 to $66,910 in the past year. This data is an estimate based upon 5,826 households in Buffalo, MN . The chart below presents how household income is distributed in Buffalo, MN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Buffalo, MN shifted from $180,600 to $185,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Buffalo, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Buffalo, MN properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Buffalo, MN compared to median property taxes around the country. The prevalent amount of property taxes in Buffalo, MN equals $2500, which is less than the national average.
During Oct 2022, the average price for an apartment in/near Buffalo, MN decreased by 11.7% to $374,637.
Asking price for 2-bed apartment also increased by 19.2% and a place of this size will now cost you $338,920. A 3-bed apartment goes for $404,184, it increased by 6.7% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 34.1% and made it down to $366,786.
Price reports demonstrate that house price decreased by 22.3% this month making it up to $380,266. Condos are really in demand in this season. The median price for a condo increased by 6.1%, it’s now available for $301,600. The price statistics of lofts have not significantly changed, it now still goes for $239,900. Value of the townhouses didn’t change, the price still starts at $354,900.