Quick facts: Buffalo, MO

Quick Facts

94.1
Cost of Living
below US average
3,422
Population
14.9
Crime Rate per 1000
below US average
$27,332
Median Income
below US average
$177,500
Median House Price
above US average
$1600.0
Average Rent
above US average
13%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $27,332.

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Income Needed to Buy

βœ— Stretch
$56k/year
Based on $177,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $56k vs median $27,332
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Income Needed to Rent

⚠ Stretch
$69k/year
Based on $1600.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $69k vs median $27,332
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Buffalo, MO

Buffalo, Missouri, located in Dallas County, is a small city known for its friendly community and scenic landscapes. As of the 2020 census, the population is around 3,200 residents. Nestled in the Ozarks, Buffalo offers a laid-back lifestyle, with a mix of rural charm and small-town amenities. Outdoor enthusiasts can enjoy numerous nearby recreational activities, including fishing, hiking, and hunting. The city is close to several lakes and parks, such as the nearby Lake Ozark and several natural areas, perfect for exploring nature. Buffalo has a rich history and features several historical buildings, showcasing its heritage and community spirit. Local events and festivals, including the annual Buffalo U.S.A. Rodeo, highlight the city’s traditions and bring residents together. The downtown area boasts quaint shops, local eateries, and essential services that cater to daily life. Overall, Buffalo provides a welcoming atmosphere for both residents and visitors, making it an enjoyable place to experience the natural beauty and charm of the Ozarks.

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