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Buffalo Gap

Learn about the people, housing, costs and businesses in Buffalo Gap, Texas

Median Home$321,300
Median Rent$1,569/month
Population541
Leading IndustriesManufacturing · Transportation · Public Administration3% manufacturing
Home Value Growth+10.7% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners90% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
NotableHigh Incomes$115k/year · top 10% nationally
Buffalo Gap
TX

Frequently Asked Questions

What are today's mortgage rates in Buffalo Gap?

As of today, the 30-year fixed mortgage rate for Buffalo Gap is approximately 6.946% (6.984% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Buffalo Gap?

The median home value in Buffalo Gap is $321k. The median monthly rent is $1,569. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Buffalo Gap?

Home values in Buffalo Gap have increased 10.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Buffalo Gap?

Based on a typical all-in ownership cost of $1,375/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Buffalo Gap is $115k/year.

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What industries drive the economy in Buffalo Gap?

The largest employment sectors in Buffalo Gap are public administration (26%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.