New Buffalo, MI housing market
The typical New Buffalo home is worth about $677,000, up 8.4% in a year, 154% above the Michigan typical home.
Home values, sales, trends and how New Buffalo compares with the towns next door — updated as new data is published.
New Buffalo at a glance
Typical home value, 2016–2026
Show as a table
| January | New Buffalo | Michigan |
|---|---|---|
| 2017 | $351,000 | $144,000 |
| 2018 | $356,000 | $155,000 |
| 2019 | $378,000 | $165,000 |
| 2020 | $380,000 | $175,000 |
| 2021 | $428,000 | $194,000 |
| 2022 | $529,000 | $217,000 |
| 2023 | $579,000 | $230,000 |
| 2024 | $586,000 | $241,000 |
| 2025 | $610,000 | $253,000 |
| 2026 | $652,000 | $262,000 |
| August 2026 | $677,000 | $266,000 |
19 new homes permitted in 2025
Builders were permitted 19 new homes in New Buffalo in 2025, all single-family houses, worth about $19.8 million to build. That's 7.7 per 1,000 residents, faster than across Michigan (2.3). Over the past 10 years, New Buffalo has permitted 208 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, New Buffalo gained 69 residents while 133 new homes were permitted: about 0.5 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. 46% of New Buffalo's homes are seasonal or vacation homes, which adds housing without adding residents. Across Michigan: 1.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 18 | 18 | 0 | $14.9 million |
| 2025 | 19 | 19 | 0 | $19.8 million |
| 2024 | 14 | 14 | 0 | $10.5 million |
| 2023 | 24 | 24 | 0 | $24.3 million |
| 2022 | 19 | 19 | 0 | $18.7 million |
| 2021 | 33 | 33 | 0 | $22.8 million |
| 2020 | 24 | 24 | 0 | $10.5 million |
| 2019 | 20 | 20 | 0 | $8.4 million |
| 2018 | 22 | 22 | 0 | $12.6 million |
| 2017 | 14 | 14 | 0 | $6.7 million |
| 2016 | 19 | 19 | 0 | $7.3 million |
| 2015 | 8 | 8 | 0 | $3.7 million |
| 2014 | 10 | 10 | 0 | $6.8 million |
| 2013 | 18 | 18 | 0 | $8.5 million |
| 2012 | 7 | 7 | 0 | $4.5 million |
| 2011 | 8 | 8 | 0 | $2.7 million |
| 2010 | 7 | 7 | 0 | $5.2 million |
| 2009 | 6 | 6 | 0 | $4.7 million |
| 2008 | 34 | 10 | 24 | $5.5 million |
| 2007 | 9 | 9 | 0 | $1.8 million |
| 2006 | 24 | 24 | 0 | $8 million |
| 2005 | 73 | 73 | 0 | $17 million |
| 2004 | 65 | 65 | 0 | $12.9 million |
| 2003 | 45 | 45 | 0 | $8.3 million |
| 2002 | 29 | 29 | 0 | $7.8 million |
| 2001 | 23 | 23 | 0 | $5.7 million |
| 2000 | 29 | 29 | 0 | $6.7 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
New Buffalo and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| New Buffalo | $677K | +8.4% | $1,040 | 19 | $92,188 |
| New Buffalo | — | +6.8%† | $1,040 | 7 | $64,702 |
| Grand Beach | — | +6.8%† | $1,040 | 2 | $83,750 |
| Michiana | — | +6.8%† | $1,040 | 0 | $167,500 |
| Springfield | — | +9.5%† | $1,110 | — | $85,313 |
| Three Oaks | $345K | +13% | $1,230 | 5 | $68,438 |
| Chikaming | — | +10.6%† | $1,160 | 37 | $83,908 |
† FHFA price index change, where Zillow has no home value for the town.
7.3 years of income
The typical New Buffalo home costs about 7.3 years of the town's median household income, more than across Michigan (3.7 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,040
HUD's Fair Market Rent for a two-bedroom in New Buffalo is $1,040 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in New Buffalo pay a median of $749, so moving in tends to cost more than staying put. A two-bedroom takes about 14% of the town's median household income.
Studio $720 · 4 bedrooms $1,380
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49117, 49129; Niles, MI MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in New Buffalo
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.