Buffalo, IL

The city of Buffalo, Illinois is located in the southeastern corner of the state. The population was 116,851 as of the 2010 census. Buffalo is a major industrial and commercial center in Illinois, and it has a large number of businesses that are involved in manufacturing and distribution. The city's economy is based largely on its proximity to other major metropolitan areas in Illinois and across the Midwest.

Real estate in Buffalo is generally expensive compared to other areas of Illinois. This is likely due to the high demand for housing and commercial space in the city, as well as its close proximity to larger cities such as Chicago and Detroit. In addition, many people who live in Buffalo commute to work in those larger cities. As a result, there is a high demand for residential property and office space within commuting distance of those urban centers.

One important factor that affects real estate prices in Buffalo is the level of economic activity within the city. When there are strong economic indicators such as increased job growth or increased business activity, prices for property tend to rise faster than they would otherwise. Conversely, when there are weak economic indicators such as decreased job growth or decreased business activity, prices for property tend to fall faster than they would otherwise.