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These days, finding an affordable place to live in the New Buffalo area can be challenging. Home prices in New Buffalo are now at a median cost of $480,561, higher than the Michigan average of $250,415.
The average cost of rent is $989/mo in New Buffalo, primarily driven by the current value of real estate in the New Buffalo area. In New Buffalo, 23.46% of households rent, and 52.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Buffalo is $6,605 per month. Households that rent pay about 14.97% of their income on rent here. New Buffalo’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Grand Beach, MI: higher priced homes
- Michiana, MI: higher priced homes
- Union Pier, MI: higher priced homes
- Michiana Shores, IN: less expensive homes
- Tee Lake, IN: less expensive homes
- Lakeside, MI: higher priced homes
- Long Beach, IN: equally priced homes
- Three Oaks, MI: less expensive homes
- Pottawattamie Park, IN: less expensive homes
- Harbert, MI: less expensive homes
Cities with Similar Populations
- Alpine, AL: less expensive homes
- Heiskell, TN: less expensive homes
- Harwich, MA: higher priced homes
- Grundy Center, IA: less expensive homes
- Columbia City, OR: equally priced homes
- Clayton, NY: less expensive homes
- Clayton, AL: less expensive homes
- Chincoteague, VA: less expensive homes
- Catawissa, MO: less expensive homes
- Casco, ME: less expensive homes
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