Commercial Real Estate Market in Buffalo, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 126 off-market properties in Buffalo, IA.
Market Trends
Buffalo, IA spans 3.1 square miles in Scott County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Buffalo, IA runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Buffalo, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Buffalo, IA runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Buffalo, IA runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 32.7%
- Civic 0.8%
- Commercial 0.6%
- Industrial 0.1%
Largest Zones share of zoned land by district
No Zoning
Country Home
Single Family
Local Business
Central Business
Single Family (B)
A. Any use permitted in the “B” Single-Family Dwelling District. B. Two-Family Dwellings. Two-family dwellings shall have a minimum area of eight hundred (800) square feet per dwelling unit of living area and an attached or detached garage not to exceed three (3) vehicles. (Ord. 389 (part), 2004) C. Accessory buildings and uses customarily incident to any of…
Market overview
Demographics & Economy
Buffalo, IA has 1,037 residents in 473 households. Density runs 338 people per square mile. Median household income here is $74,318 and median gross rent $812 a month.
1,037
Population
473
Households
2.2
Avg Household Size
40
Median Age
10%
College-Educated
88%
High-School Grad
3.1 sq mi
ZIP Area
338
Density / Sq Mi
$74,318
Median Household Income
$45,652
Median Earnings
$812
Median Rent
$118,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Andalusia | — | — |
| Blue Grass | — | — |
| Montpelier | — | — |
| Edgington | — | — |
Frequently Asked Questions
Where does Realmo's Buffalo market data come from?
Realmo compiles Buffalo, IA figures from 2 active sale listings, 126 tracked off-market properties, the current Buffalo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Buffalo, IA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 4,260 zoned acres across 7 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
