The typical owner-occupied home in New Buffalo is worth about $190,600, 25% below the Pennsylvania median of $254,500 and 43% below the national median of $332,700. Owners pay a median $1,792 a year in property taxes, about 0.94% of their home's value, lower than the Pennsylvania rate of 1.30%. 46% of occupied homes here are lived in by their owners, and 85% of those owners still have a mortgage.
New Buffalo at a glance
| New Buffalo | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $190,600 | $254,500 | $332,700 |
| Median property tax paid per year | $1,792 | $3,311 | $3,119 |
| Property tax as a share of value | 0.94% | 1.30% | 0.94% |
| Median household income | – | $77,971 | $80,734 |
| Homes lived in by their owners | 46% | 69% | 65% |
| Owner homes with a mortgage | 85% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,344 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 18.1% | 19.4% | 21.0% |
| Median rent | $942 | $1,209 | $1,413 |
| Rent as a share of renters' income | 21.3% | 29.2% | 30.6% |
| Median year homes were built | 1938 | 1965 | 1980 |
| Vacant homes | 17.6% | 9.2% | 10.1% |
| Population | 48 | 13,018,639 | 334,922,499 |
What a typical home costs per month in New Buffalo
At this week's average 30-year rate of 7.11%, buying the median New Buffalo home of $190,600 with 20% down costs about $1,254 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,572, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $53,763 for the 20%-down payment.
The median rent here is $942 a month, so owning the median home costs about $312 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $38,120 |
|---|---|
| Loan amount | $152,480 |
| Principal and interest | $1,026 |
| Property taxes (0.94% a year) | $149 |
| Homeowners insurance (our estimate, 0.5% a year) | $79 |
| PMI | $0 |
| Total per month | $1,254 |
Change the numbers in the calculator
| Down payment | $6,671 |
|---|---|
| Loan amount | $187,148 |
| Principal and interest | $1,259 |
| Property taxes (0.94% a year) | $149 |
| Homeowners insurance (our estimate, 0.5% a year) | $79 |
| FHA mortgage insurance | $84 |
| Total per month | $1,572 |
Change the numbers in the calculator
Questions about home buying in New Buffalo
What is the median home value in New Buffalo?
About $190,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in New Buffalo?
Homeowners pay a median $1,792 a year, which is about 0.94% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in New Buffalo?
For the median home with 20% down at 7.11%, the payment is about $1,254 a month. Keeping that under 28% of gross income takes about $53,763 a year.
More about New Buffalo
- Mortgage Refinance in New Buffalo
- Debt Relief in New Buffalo
- Home Equity Loans in New Buffalo
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data