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Buffalo Lake city, MN

ZIP 55314 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55314

Median Home Value
$167,700
Median Rent
$540
Affordability Snapshot
$46,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,077/mo PITI).

9%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

25.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55314 in Buffalo Lake city, MN, a household would need roughly $46,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,077. That sits below the local median household income ($72,656), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
80.2%+23% vs US avg
x
Vacancy Rate
17.0%+65% vs US avg
x
Broadband Access
82.0%-6% vs US avg
x
4+ Bedrooms
4.7%-68% vs US avg
x
Built Pre-1939
5.5%-57% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
21.8%-56% vs US avg
x
Mortgage-Free
48.4%+27% vs US avg
x
$167,700
Home Value
$540
Rent
1963
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached86.2%
  • 1-unit attached0.9%
  • 2-9 units2.1%
  • 10+ units3.6%
  • Mobile home & other7.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$167,700
Median rent$540
Owner-occupied80.2%
Vacant17.0%
Price-to-income2.3x
Est. income to buy$46,000