Buffalo, ND—58011
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Buffalo, ND
As of Oct '25, the median home price in Buffalo, ND is $245,000, with a year-over-year change of -5.3%. This indicates that home prices in Buffalo, ND are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $245,000 | -5.3% |
| Single Family | $245,000 | -3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Buffalo, ND
Buffalo, ND lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Buffalo, ND
As of Oct '25, Realtor.com reports that the median days on market for a home in Buffalo, ND is 7. This is a decrease of -96.0% 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 | $252,000 | -35.0% |
Listing Count | 2 | -10.0% |
| Listings as % of Homes | 0.5% | -10.0% |
Days on Market | 7 | -96.0% |
Demographics — Buffalo, ND
As of the latest ACS Survey released in 2023, Buffalo, ND has a population of 507, which has increased by 13.7% over the past 5 years. Buffalo, ND is a popular place for families, as children make up 29.0% of the population. The area has a moderately educated workforce, with 39.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 507 | 13.7% |
% Under 18 | 29.0% | 17.4% |
% Seniors | 16.8% | -23.6% |
% WFH | 3.7% | -75.0% |
% w/ College Degree | 39.0% | 35.9% |
Buffalo, ND lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.5% | -7.5% |
% Black | 0.8% | ∞% |
% Hispanic | 6.3% | 600.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | N/A |
Mortgage and Risk — Buffalo, ND
According to HUD data as of 2023, there were 22 mortgage originations in Buffalo, ND, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Buffalo, ND. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 22 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Buffalo, ND
Buffalo, ND lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,400 |
| 4 Bedroom | N/A | N/A | $1,680 |
Affordability — Buffalo, ND
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $245,000 |
| Median Household Income | $99,000 |