Market Overview
Home Prices in New Buffalo, MI
The median home value in New Buffalo, MI is $680,525 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.6% compared to a year ago and up 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Buffalo are priced66% above average. New Buffalo is part of the Niles, MI metro area.
Over the past five years, New Buffalo home values have risen by approximately40.1%, reflecting strong long-term appreciation in this market.
Price History
New Buffalo Home Price Trend
City Comparison
New Buffalo vs. National Median
At $680,525, homes in New Buffalo cost 66% above the national median of $410,000. Buyers in New Buffalo should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in New Buffalo?
20% Down Payment
$136,105
on $680,525
Monthly P&I
$3,549/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,507/mo
incl. taxes & insurance
Income Needed
$180,280
gross annual (30% rule)
10% Down Option
$68,053
+ PMI applies
Loan Amount (20% dn)
$544,420
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in New Buffalo, MI?
The median home value in New Buffalo is $680,525 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.6% year-over-year.
How much have home prices changed in New Buffalo?
Over the past year, home values in New Buffalo have increased by 8.6%. Over five years, prices have risen approximately 40.1%.
How much do I need to earn to buy a home in New Buffalo?
To comfortably afford the median home price of $680,525 with a 20% down payment ($136,105) at today's rates (6.8%), you'd need a gross annual income of approximately $180,280. This assumes keeping total housing costs at or below 30% of gross income.
How does New Buffalo compare to the national average home price?
The national median home value is approximately $410,000. At $680,525, homes in New Buffalo are 66% above the national average.
What metro area is New Buffalo part of?
New Buffalo is part of the Niles, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.