Market Overview
Home Prices in Buffalo Springs, TX
The median home value in Buffalo Springs, TX is $275,129 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.3% compared to a year ago and down 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Buffalo Springs are priced33% below average. Buffalo Springs is part of the Lubbock, TX metro area.
Over the past five years, Buffalo Springs home values have risen by approximately29.6%, reflecting strong long-term appreciation in this market.
Price History
Buffalo Springs Home Price Trend
City Comparison
Buffalo Springs vs. National Median
At $275,129, homes in Buffalo Springs cost 33% below the national median of $410,000. This makes Buffalo Springs a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Buffalo Springs?
20% Down Payment
$55,026
on $275,129
Monthly P&I
$1,435/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,822/mo
incl. taxes & insurance
Income Needed
$72,880
gross annual (30% rule)
10% Down Option
$27,513
+ PMI applies
Loan Amount (20% dn)
$220,103
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 Springs, TX?
The median home value in Buffalo Springs is $275,129 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.3% year-over-year.
How much have home prices changed in Buffalo Springs?
Over the past year, home values in Buffalo Springs have increased by 4.3%. Over five years, prices have risen approximately 29.6%.
How much do I need to earn to buy a home in Buffalo Springs?
To comfortably afford the median home price of $275,129 with a 20% down payment ($55,026) at today's rates (6.8%), you'd need a gross annual income of approximately $72,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Buffalo Springs compare to the national average home price?
The national median home value is approximately $410,000. At $275,129, homes in Buffalo Springs are 33% below the national average.
What metro area is Buffalo Springs part of?
Buffalo Springs is part of the Lubbock, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.