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Buffalo, IL Home Values and Rents
The median home value in Buffalo is $112,100. Median rent is $533 a month.
- Median home value
- $112,100
- ACS 2020-2024
- Median rent
- $533/mo
- ACS 2020-2024
- Price change, 1 year
- +4.5%
- County index, 2025
- Homeownership
- 69.5%
- IL: 67.1%
Home sale prices in the Springfield, IL area
Zillow median sale price, Sep 2026
$185,984+1.7% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Sangamon County home price trend
FHFA annual House Price Index for Sangamon County, 2000 = 100, compared with Illinois
Show as a table
| Period | Sangamon County |
|---|---|
| 2025 | 188 |
| 2024 | 180 |
| 2023 | 169 |
| 2022 | 158 |
| 2021 | 140 |
| 2020 | 133 |
| 2019 | 131 |
| 2018 | 129 |
| 2017 | 128 |
| 2016 | 128 |
| 2015 | 125 |
| 2014 | 123 |
| 2013 | 122 |
| 2012 | 120 |
| 2011 | 120 |
Beta
Over five years, Sangamon County prices changed +41.9%, compared with +44.0% for Illinois.
Source: Federal Housing Finance Agency · Last updated 08/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Springfield, IL MSA
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $861 | +3.9% |
| 1 bedroom | $977 | +0.7% |
| 2 bedrooms | $1,237 | +2.8% |
| 3 bedrooms | $1,631 | +1.2% |
| 4 bedrooms | $1,728 | +2.7% |
Frequently asked questions
- What is the median home value in Buffalo, IL?
- The median home value in Buffalo is $112,100, based on the American Community Survey 2020-2024 5-year estimates. The Illinois median is $263,300.
- How much is rent in Buffalo?
- The median rent in Buffalo is $533 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,237.
- Are home prices going up in Buffalo?
- Home prices in Sangamon County changed +4.5% over one year and +41.9% over five years, as of 2025.