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Cheap Homes in Buffalo, MN

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Buffalo, MN Foreclosures

How much do homes sell for in Buffalo, MN?
The average home price is currently $419,110.
What’s the average rental cost in Buffalo, MN?
The average rental price in Buffalo is $1,547.
What is the most expensive home in Buffalo?
The most expensive home sold in Buffalo had a price of $2,620,844.
What is currently the cheapest priced home in Buffalo, MN?
The cheapest home for sale in Buffalo is priced at $17,822.

Living in Buffalo, MN

Buffalo, MN is a picturesque town located northwest of Minneapolis, nestled alongside Lake Buffalo. The area offers a harmonious blend of community-oriented living and recreational opportunities. With excellent schools, quaint downtown shops, and a rich array of outdoor activities, Buffalo is an ideal location for families and individuals seeking a serene yet dynamic environment.

Current Market Conditions in Buffalo, MN

The real estate market in Buffalo, MN is currently experiencing a steady demand, driven by its attractive community environment and recreational options. Home prices have remained relatively stable over the past several months, with a noticeable interest from first-time homebuyers looking for affordable options within commuting distance to the Twin Cities. As a result, inventory levels can fluctuate, making it an opportune time to list for sellers.

Home Value Estimator For Buffalo, MN

There are currently 7,998 real estate properties in Buffalo, MN, with a median automated valuation model (AVM) price of $360,165.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Buffalo, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Buffalo, MN, is $419,110.00, with the most expensive house in Buffalo, MN, topping out at $2,620,844.00 and the cheapest home in Buffalo, MN, clocking in at $17,822.00. In other words, there’s something for every potential homebuyer or savvy investor in Buffalo, MN!

Rent Prices In Buffalo, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Buffalo, MN, is on a rollercoaster ride. The average rent price in Buffalo, MN, is $1,547.00. Indeed, when looking to rent in Buffalo, MN, you can expect to pay as little as $620.00 or as much as $3,720.00, with the average rent median estimated to be $1,460.00. The good news is that finding an affordable and desirable property to rent in Buffalo, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cheap Homes in Buffalo, MN

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