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New Buffalo, MI Real Estate


According to census data in the year 2000 there were 1,417 housing units in New Buffalo. This represents a 4% growth from 1,363 in 1990.

Of those housing units, 1,327 were located in either urbanized areas or urban clusters, and 90 were located in what is classified as a rural area.

Homeownership rate in New Buffalo is about 71.3%. New Buffalo's vacancy rate, including seasonal lodging, is about 32.5%. Average household size is 2.3 people.

The majority of houses, apartments or condos in New Buffalo were built after 1959.

Statistics

Housing Size

Housing Units by Size
Studio Type3.40%
One Bedroom9%
Two Bedrooms29%
Three Bedrooms41.80%
Four Bedrooms13.20%
Five Bedrooms or more3.50%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.44
Median year structure was built1961
Median Value of occupied units$103,000
Median Price asked for vacant units$137,500

Rented Homes, Apartments and Condos

Average Household Size1.94
Median year structure was built1955
Median Monthly Rent asked for vacant units$407

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.40%
Home Equity Loan10%
Simple Mortgage40.40%
Debt Free42.20%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17.1%