Buffalo Springs—87325
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Buffalo Springs
Buffalo Springs lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| 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 Springs
Buffalo Springs 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 Springs
Buffalo Springs lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Buffalo Springs
As of the latest ACS Survey released in 2023, Buffalo Springs has a population of 2,230, which has decreased by -27.8% over the past 5 years. Buffalo Springs is a popular place for families, as children make up 26.0% of the population. The area has a poorly educated workforce, with 8.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,230 | -27.8% |
% Under 18 | 26.0% | -2.3% |
% Seniors | 18.1% | 28.4% |
% WFH | 12.6% | 152.0% |
% w/ College Degree | 8.9% | -8.2% |
As of the latest ACS Survey released in 2023, Buffalo Springs is a predominantly asian area, with 2.5% of the population identifying as asian. The asian population has grown by 212.5% in the last 5 years. The second most common race or ethnicity in Buffalo Springs is hispanic, making up 1.6% of the population. Foreign-born residents account for 1.9% of the population in Buffalo Springs, and this percentage has increased by 72.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 0.6% | -76.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.6% | -23.8% |
% Asian | 2.5% | 212.5% |
% Foreign Born | 1.9% | 72.7% |
Mortgage and Risk — Buffalo Springs
According to HUD data as of 2023, there were 1 mortgage originations in Buffalo Springs, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 100.0%, with 100.0% above 90% LTV (very high). This implies large mortgage risk in Buffalo Springs. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Buffalo Springs
Buffalo Springs 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 | $780 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Buffalo Springs
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $32,700 |