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New Buffalo, MI—49117

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$675,000
8.2% YoY Growth
Household Income
$75,300
34.0% YoY Growth
Days on Market
52
26.0% Longer YoY
Home Price Forecast
1.5%
Median Rent
$2,300
6.9% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$2,300
43.8% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — New Buffalo, MI

As of May '26, the median home price in New Buffalo, MI is $675,000, with a year-over-year change of 8.2%. This indicates that home prices in New Buffalo, MI are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$675,0008.2%
Single Family $690,0008.8%
Condos $630,0007.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $492,000
    6.3%
    2 Bed
    		$569,0008.2%
    3 Bed
    		$667,0009.0%
    4 Bed
    		$927,0007.7%
    5 Bed $1,558,14911.2%
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    % of Housing Stock

    Studio
    1.5%
    1 Bedroom
    7.9%
    2 Bedrooms
    13.9%
    3 Bedrooms
    40.8%
    4 Bedrooms
    24.2%
    5+ Bedrooms
    11.6%

    Rental Trends — New Buffalo, MI

    As of July '25, Rentcast reports the average rent in New Buffalo, MI is $2,300, with a year-over-year rent change of -6.9%. Per bedroom, the median rent as of July '25 in New Buffalo, MI is 3-bedrooms: $2,300. The most common rental property sizes in New Buffalo, MI are 1-bedroom and 2-bedroom, accounting for 42.5% and 28.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,300$2,300
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $2,300$2,300
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    5.6%
    1 Bedroom
    42.5%
    2 Bedrooms
    28.5%
    3 Bedrooms
    20.9%
    4 Bedrooms
    1.2%
    5+ Bedrooms
    1.4%

    Property Listings — New Buffalo, MI

    As of May '26, Realtor.com reports that the median days on market for a home in New Buffalo, MI is 52. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$747,000-16.0%
    Listing Count
    		7610.0%
    Listings as % of Homes1.1%10.0%
    Days on Market
    		5226.0%
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    Demographics — New Buffalo, MI

    As of the latest ACS Survey released in 2023, New Buffalo, MI has a population of 3,510, which has decreased by -2.6% over the past 5 years. New Buffalo, MI is a less popular place for families, as children make up 12.8% of the population. The area has a highly educated workforce, with 45.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		3,510-2.6%
    % Under 18
    		12.8%-22.9%
    % Seniors
    		35.2%23.5%
    % WFH
    		19.8%164.0%
    % w/ College Degree
    		45.6%4.3%
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    As of the latest ACS Survey released in 2023, New Buffalo, MI is a predominantly white area, with 89.0% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in New Buffalo, MI is hispanic, making up 5.8% of the population. Foreign-born residents account for 5.1% of the population in New Buffalo, MI, and this percentage has decreased by 34.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		89.0%-0.4%
    % Black
    		0.3%-72.7%
    % Hispanic
    		5.8%-10.8%
    % Asian
    		2.8%7.7%
    % Foreign Born
    		5.1%-34.6%
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    Mortgage and Risk — New Buffalo, MI

    According to HUD data as of 2023, there were 156 mortgage originations in New Buffalo, MI, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in New Buffalo, MI. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		156
    % Conventional Loans
    		96.0%
    % Government Loans
    		4.0%
    % Investor Loans
    		5.0%
    % Second Loans
    		46.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — New Buffalo, MI

    New Buffalo, MI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		N/A
    Total Units Section 8
    		N/A
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$730
    2 BedroomN/AN/A$960
    3 Bedroom-$1,070$2,300$1,230
    4 BedroomN/AN/A$1,290

    Affordability — New Buffalo, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio7.8
    Median Home Price$675,000
    Median Household Income$75,300

    New Buffalo, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    49129

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    Frequently Asked Questions