Market Overview
Home Prices in Buffalo Gap, TX
The median home value in Buffalo Gap, TX is $273,987 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.5% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Buffalo Gap are priced33% below average. Buffalo Gap is part of the Abilene, TX metro area.
Over the past five years, Buffalo Gap home values have risen by approximately26.3%, reflecting strong long-term appreciation in this market.
Price History
Buffalo Gap Home Price Trend
City Comparison
Buffalo Gap vs. National Median
At $273,987, homes in Buffalo Gap cost 33% below the national median of $410,000. This makes Buffalo Gap a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Buffalo Gap?
20% Down Payment
$54,797
on $273,987
Monthly P&I
$1,429/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,815/mo
incl. taxes & insurance
Income Needed
$72,600
gross annual (30% rule)
10% Down Option
$27,399
+ PMI applies
Loan Amount (20% dn)
$219,190
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 Gap, TX?
The median home value in Buffalo Gap is $273,987 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.5% year-over-year.
How much have home prices changed in Buffalo Gap?
Over the past year, home values in Buffalo Gap have increased by 7.5%. Over five years, prices have risen approximately 26.3%.
How much do I need to earn to buy a home in Buffalo Gap?
To comfortably afford the median home price of $273,987 with a 20% down payment ($54,797) at today's rates (6.8%), you'd need a gross annual income of approximately $72,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Buffalo Gap compare to the national average home price?
The national median home value is approximately $410,000. At $273,987, homes in Buffalo Gap are 33% below the national average.
What metro area is Buffalo Gap part of?
Buffalo Gap is part of the Abilene, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.