Buffalo, KY—42716
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Buffalo, KY
As of Oct '25, the median home price in Buffalo, KY is $212,000, with a year-over-year change of 13.9%. This indicates that home prices in Buffalo, KY are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $212,000 | 13.9% |
| Single Family | $212,000 | 14.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $165,000 | 7.8% |
3 Bed | $230,000 | 11.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Buffalo, KY
Buffalo, KY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,000 | $1,000 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Buffalo, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Buffalo, KY is 50. This is a decrease of -40.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | 34.0% |
Listing Count | 7 | -10.0% |
| Listings as % of Homes | 0.8% | -10.0% |
Days on Market | 50 | -40.0% |
Demographics — Buffalo, KY
As of the latest ACS Survey released in 2023, Buffalo, KY has a population of 1,640, which has increased by 3.9% over the past 5 years. Buffalo, KY is a moderately popular place for families, as children make up 20.7% of the population. The area has a poorly educated workforce, with 14.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,640 | 3.9% |
% Under 18 | 20.7% | -11.2% |
% Seniors | 16.0% | -14.0% |
% WFH | 1.5% | -69.4% |
% w/ College Degree | 14.1% | 35.6% |
As of the latest ACS Survey released in 2023, Buffalo, KY is a predominantly white area, with 89.7% of the population identifying as white. The white population has shrunk by 8.7% in the last 5 years. The second most common race or ethnicity in Buffalo, KY is hispanic, making up 3.8% of the population. Foreign-born residents account for 2.0% of the population in Buffalo, KY, and this percentage has decreased by 35.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.7% | -8.7% |
% Black | 3.2% | ∞% |
% Hispanic | 3.8% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.0% | -35.5% |
Mortgage and Risk — Buffalo, KY
According to HUD data as of 2023, there were 49 mortgage originations in Buffalo, KY, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Buffalo, KY. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 49 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Buffalo, KY
Buffalo, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 5.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | -$50 | $1,000 | $950 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — Buffalo, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $212,000 |
| Median Household Income | $69,500 |