New Buffalo, MI is a great place for housing investment. The median value of houses in New Buffalo is $517,600, which is considerably higher than the national median value of $338,100. What's more impressive is that the one-year house appreciation rate in New Buffalo is 11.06%, compared to the national rate of 8.27%. This suggests that investing in real estate in New Buffalo is an attractive option due to its high potential for appreciation.
The median home cost in New Buffalo is $517,600. Home appreciation the last 10 years has been 85.3%. Home Appreciation in New Buffalo is up 19.5%.
Average Age of Homes
- The median age of New Buffalo real estate is 48 years old
The Rental Market in New Buffalo
- Renters make up 13.6% of the New Buffalo population
- 1.7% of houses and apartments in New Buffalo, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.