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New Buffalo

Learn about the people, housing, costs and businesses in New Buffalo, Pennsylvania

Median Home$244,100
Median Rent$960/month
Population132
Leading IndustriesRetail · Wholesale Trade18% retail
Home Value Growth+9.3% over 2 years
Retirees22% of residentsnear the national average
Homeowners90% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
NotableHigh Incomes$94k/year · top 21% nationally
New Buffalo
PA

Frequently Asked Questions

What are today's mortgage rates in New Buffalo?

As of today, the 30-year fixed mortgage rate for New Buffalo is approximately 7.036% (7.077% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in New Buffalo?

The median home value in New Buffalo is $244k. The median monthly rent is $960. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Buffalo?

Home values in New Buffalo have increased 9.3% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in New Buffalo?

Based on a typical all-in ownership cost of $1,171/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Buffalo is $94k/year.

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What industries drive the economy in New Buffalo?

The largest employment sectors in New Buffalo are retail (18%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.