Market Overview
Home Prices in Buffalo, OK
The median home value in Buffalo, OK is $62,412 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 10.6% compared to a year ago and down 8.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Buffalo are priced85% below average.
Over the past five years, Buffalo home values have fallen by approximately7.3%, reflecting softening conditions in this market.
Price History
Buffalo Home Price Trend
2020
$55,000
$55K
—
2021
$67,348
$67K
+22.5%
2022
$73,383
$73K
+9.0%
2023
$76,861
$77K
+4.7%
2024
$76,096
$76K
-1.0%
2025
$69,830
$70K
-8.2%
2026
$62,412
$62K
-10.6%
City Comparison
Buffalo vs. National Median
🏠 Buffalo
$62,412
National Median
$410,000
At $62,412, homes in Buffalo cost 85% below the national median of $410,000. This makes Buffalo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Buffalo?
20% Down Payment
$12,482
on $62,412
Monthly P&I
$326/mo
30-yr @ 6.8%
Total Monthly Est.
~$414/mo
incl. taxes & insurance
Income Needed
$16,560
gross annual (30% rule)
10% Down Option
$6,241
+ PMI applies
Loan Amount (20% dn)
$49,930
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, OK?
The median home value in Buffalo is $62,412 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 10.6% year-over-year.
How much have home prices changed in Buffalo?
Over the past year, home values in Buffalo have decreased by 10.6%. Over five years, prices have fallen approximately 7.3%.
How much do I need to earn to buy a home in Buffalo?
To comfortably afford the median home price of $62,412 with a 20% down payment ($12,482) at today's rates (6.8%), you'd need a gross annual income of approximately $16,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Buffalo compare to the national average home price?
The national median home value is approximately $410,000. At $62,412, homes in Buffalo are 85% below the national average.