Similar to its nearby areas, it's a bit less expensive compared to the entire country. Compared to the city of Minneapolis, it is a bit less expensive.
Home prices
The price of the median home in Buffalo is $203,700. It is approximately $5,640 (2%) higher in comparison to nearby areas.It is about $13,800 (6%) lower compared to the entire country, and it is approximately $47,900 (19%) lower compared to the city of Minneapolis.
Rents
In Buffalo the median rent is $977 a month. It is roughly $17 (1%) higher in comparison to the surrounding areas.It is roughly $85 (8%) lower compared to the rest of the country, and is roughly $50 (4%) lower compared to the city of Minneapolis.
Nearby places
Maple Lake
Maple Lake is roughly 6 miles northwest from Buffalo. Its housing prices are a little less expensive. The median home cost in Maple Lake is $161,700, which comes out to $42,000 (25%) lower than Buffalo. Rents there are significantly less expensive. The median monthly rent in Maple Lake is $721, which is $256 (35%) lower than Buffalo.
St. Michael
St. Michael is roughly 7 miles east of Buffalo. Its housing prices are a bit more expensive. The value of the median home in St. Michael is $270,600, which works out to $66,900 (24%) higher than Buffalo. The rent there is a little more expensive. St. Michael's median monthly rent is $1,078, which comes out to $101 (9%) higher than Buffalo.
Rockford
Rockford is roughly 7 miles southeast from Buffalo. Real estate prices there are somewhat less expensive. The median home cost in Rockford is $181,900, which works out to $21,800 (11%) lower than Buffalo. Rents there are fairly similar. The median monthly rent in Rockford is $974, which is very similar to Buffalo.
Montrose
Montrose is about 7 miles south of Buffalo. The housing prices there are a bit less expensive. Montrose's median home price is $176,200, which works out to $27,500 (15%) lower than Buffalo. Rent there is pretty similar. The median rent in Montrose is $1,002 a month, which works out to $25 (2%) higher than Buffalo.
Monticello
Monticello is about 7 miles north of Buffalo. Housing prices there are similar. The price of the median home in Monticello is $199,900, which comes out to $3,800 (1%) lower than Buffalo. Rent there is similar. Monticello's median monthly rent is $1,023, which is $46 (4%) higher than Buffalo.
