Market Overview
Home Prices in Buffalo Lake, MN
The median home value in Buffalo Lake, MN is $209,465 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.3% compared to a year ago and up 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Buffalo Lake are priced49% below average.
Over the past five years, Buffalo Lake home values have risen by approximately33.5%, reflecting strong long-term appreciation in this market.
Price History
Buffalo Lake Home Price Trend
2020
$134,858
$135K
—
2021
$156,876
$157K
+16.3%
2022
$188,605
$189K
+20.2%
2023
$192,826
$193K
+2.2%
2024
$196,655
$197K
+2.0%
2025
$197,069
$197K
+0.2%
2026
$209,465
$209K
+6.3%
City Comparison
Buffalo Lake vs. National Median
🏠 Buffalo Lake
$209,465
National Median
$410,000
At $209,465, homes in Buffalo Lake cost 49% below the national median of $410,000. This makes Buffalo Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Buffalo Lake?
20% Down Payment
$41,893
on $209,465
Monthly P&I
$1,092/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,387/mo
incl. taxes & insurance
Income Needed
$55,480
gross annual (30% rule)
10% Down Option
$20,947
+ PMI applies
Loan Amount (20% dn)
$167,572
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Buffalo Lake, MN?
The median home value in Buffalo Lake is $209,465 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.3% year-over-year.
How much have home prices changed in Buffalo Lake?
Over the past year, home values in Buffalo Lake have increased by 6.3%. Over five years, prices have risen approximately 33.5%.
How much do I need to earn to buy a home in Buffalo Lake?
To comfortably afford the median home price of $209,465 with a 20% down payment ($41,893) at today's rates (6.8%), you'd need a gross annual income of approximately $55,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Buffalo Lake compare to the national average home price?
The national median home value is approximately $410,000. At $209,465, homes in Buffalo Lake are 49% below the national average.