Total monthly cost of ownership
Cost to Own a Home in Buffalo, Texas
A $62,000 home here costs
$695per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $319. The real number is $376 higher every month — 118% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Buffalo against Leon County and Texas
| Measure | Buffalo | Leon County |
|---|---|---|
| Median home value | $62,300 | $177,400 |
| Median property tax | $813 | $1,339 |
| Effective tax rate | 1.305% | 0.755% |
| Median gross rent | $746 | $798 |
| Population | 1,804 | 16,067 |
The weather behind that power bill
Buffalo sits in Leon County, which averages a high of 94.9°F in its hottest month and a low of 35.1°F in its coldest, with 42.41" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,475 cooling and 2,179 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Leon County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Leon County
No other places of this size are published in Leon County.
Common questions
How much does it cost to own a home in Buffalo?
A $62,000 home in Buffalo, Texas costs approximately $695 per month with 20% down at 6.66%. That is $319 principal and interest, $67 property tax, $41 homeowners insurance, $216 utilities and $52 set aside for maintenance.
What is the property tax rate in Buffalo?
Buffalo has an effective property tax rate of 1.305%, based on a median home value of $62,300 and median real estate taxes of $813. That is higher than the Leon County average of 0.755%.
What is the average home price in Buffalo?
The median owner-occupied home value in Buffalo, Texas is $62,300, against $177,400 across Leon County.
Is it cheaper to rent or buy in Buffalo?
Median gross rent in Buffalo is $746 a month, against $695 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Buffalo — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Texas.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.