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 Type | 3.40% |
| One Bedroom | 9% |
| Two Bedrooms | 29% |
| Three Bedrooms | 41.80% |
| Four Bedrooms | 13.20% |
| Five Bedrooms or more | 3.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $103,000 |
| Median Price asked for vacant units | $137,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1955 |
| Median Monthly Rent asked for vacant units | $407 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.40% |
| Home Equity Loan | 10% |
| Simple Mortgage | 40.40% |
| Debt Free | 42.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.1% |
