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New Buffalo, MI Home Values and Rents
The typical home value in New Buffalo is $672,392, 31st highest of 442 cities and towns in Michigan. Median rent is $1,042 a month.
- Typical home value
- $672,392
- 31st of 442 in MI
- Median rent
- $1,042/mo
- ACS 2020-2024
- Price change, 1 year
- +8.0%
- Sep 2026
- Homeownership
- 77.2%
- MI: 73.2%
Home sale prices in the Niles, MI area
Zillow median sale price, Sep 2026
$298,419+10.6% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Typical home value in New Buffalo
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | New Buffalo |
|---|---|
| Sep 2026 | $672,392 |
| Dec 2025 | $638,667 |
| Dec 2024 | $600,533 |
| Dec 2023 | $576,001 |
| Dec 2022 | $574,106 |
| Dec 2021 | $514,431 |
| Dec 2020 | $413,364 |
| Dec 2019 | $375,573 |
| Dec 2018 | $372,566 |
| Dec 2017 | $350,913 |
| Dec 2016 | $348,860 |
| Dec 2015 | $353,872 |
| Dec 2014 | $357,852 |
| Dec 2013 | $336,586 |
Over five years, New Buffalo prices changed +36.5%.
Source: Zillow Research · Last updated 09/01/2026
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Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
Swipe the table sideways to see more columns.
| # | ZIP code | Median value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | 49117 | $488,000 | $866 | +6.8% | +69.1% |
Fair Market Rents, FY2027
HUD rent standard for Niles, MI MSA
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $802 | -1.7% |
| 1 bedroom | $887 | -1.7% |
| 2 bedrooms | $1,152 | -2.7% |
| 3 bedrooms | $1,512 | -2.8% |
| 4 bedrooms | $1,514 | -3.4% |
Frequently asked questions
- What is the typical home value in New Buffalo, MI?
- The typical home value in New Buffalo is $672,392 (Zillow Home Value Index, Sep 2026). The Michigan median is $231,600.
- How much is rent in New Buffalo?
- The median rent in New Buffalo is $1,042 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,152.
- Are home prices going up in New Buffalo?
- The typical home value in New Buffalo changed +8.0% over one year and +36.5% over five years, as of Sep 2026.
- How does New Buffalo compare with the rest of Michigan?
- New Buffalo has the 31st highest median home value of 442 cities and towns with 1,000+ residents in Michigan.
- Which ZIP code in New Buffalo has the highest home values?
- ZIP code 49117 has the highest median home value at $488,000.