Zip 49117 (New Buffalo, MI) Housing

New Buffalo, MI, has experienced a significant increase in housing values over the past year. The median value for housing in 49117 New Buffalo is currently $551,800, which is significantly higher than the US median house value of $338,100. Additionally, the 1-year appreciation rate for houses in 49117 New Buffalo is 11.06%, far greater than the national average of 8.27%. This indicates that the housing market in this area is strong and growing rapidly. Therefore, anyone considering investing in this location should consider taking advantage of these high appreciation rates while they can.

The median home cost in New Buffalo (zip 49117) is $551,800. Home appreciation the last 10 years has been 85.3%. Home Appreciation in New Buffalo (zip 49117) is up 19.5%.

Average Age of Homes

- The median age of New Buffalo (zip 49117) real estate is 43 years old

The Rental Market in New Buffalo (zip 49117)

- Renters make up 10.9% of the New Buffalo (zip 49117) population
- 1.1% of houses and apartments in New Buffalo (zip 49117), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	New Buffalo, Michigan	United States
	3,665.0	139,647,020.0
	43	42
	$551,800	$338,100
	19.5%	16.6%
	59.8%	57.0%
	85.3%	101.1%
	$12.32	$10.98
	$3,111	$2,690
	37.4%	57.4%
	52.5%	11.2%
	10.1%	31.4%
Vacant Housing
	1.1%	1.9%
	0.1%	0.4%
	1.6%	0.7%
	3.4%	0.4%
	44.7%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.8%	2.4%
	0.3%	2.8%
	1.0%	3.9%
	2.8%	4.5%
	5.5%	11.3%
	10.9%	13.0%
	19.5%	20.1%
	17.4%	13.6%
	8.2%	8.3%
	13.3%	9.7%
	7.4%	3.9%
	6.1%	2.2%
	2.8%	0.8%
	3.9%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	13.8%	13.6%
	13.8%	13.6%
	16.4%	13.6%
	14.5%	13.2%
	7.7%	14.8%
	16.4%	13.6%
	10.9%	10.0%
	4.9%	4.7%
	15.8%	12.2%

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