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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



New Haven, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

New Haven, MI Housing Market Trends

With a population of 6,528, 2,029 total housing units (homes and apartments), and a median house value of $222,084, house prices in New Haven are solidly below the national average.

Single-family detached homes are the single most common housing type in New Haven, accounting for 59.98% of the village's housing units. Other types of housing that are prevalent in New Haven include mobile homes or trailers ( 30.76%), duplexes, homes converted to apartments or other small apartment buildings ( 5.56%), and a few large apartment complexes or high rise apartments ( 3.71%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New Haven. Owner-occupied housing accounts for 74.75% of New Haven's homes, and 87.73% have either three or four bedrooms, which is average sized relative to America.

New Haven homes and real estate are some of the newest in America. 56.97% of New Haven's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the New Haven real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 28.62%), and between 1940-1969 ( 8.48%). There's also some housing in New Haven built before 1939 ( 5.93%).

New Haven Home Appreciation Rates

In the last 10 years, New Haven has experienced some of the highest home appreciation rates of any community in the nation. New Haven real estate appreciated 127.08% over the last ten years, which is an average annual home appreciation rate of 8.55%, putting New Haven in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, New Haven definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, New Haven's appreciation rate, at 3.61%, has been at or slightly above the national average. In the latest quarter, New Haven's appreciation rate has been 4.69%, which annualizes to a rate of 20.12%.

Importantly, this makes New Haven one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to Michigan, our data show that New Haven's latest annual appreciation rate is lower than 50% of the other cities and towns in Michigan.

Average Home Values

Median Home Value

$222,084

New Haven, MI Home Prices
> $1,450,000
$1,088,001 - $1,450,000
$725,001 - $1,088,000
$580,001 - $725,000
$435,001 - $580,000
$290,001 - $435,000
$145,001 - $290,000
$72,001 - $145,000
$0 - $72,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
4.9%
4.9%
20.3%
20.3%
44.3%
44.3%
15.8%
15.8%
14.6%
14.6%
0% 100.0%
% of Homes
Average

for Michigan

Average

for nation

Number of Homes And Apartments:

2,029

New Haven Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,710 / per month

Homeownership Rate

Owners
Renters
Vacant
74.7%
74.7%
25.3%
25.3%
6.0%
6.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
57.0%
57.0%
28.6%
28.6%
8.5%
8.5%
5.9%
5.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
60.0%
60.0%
0.0%
0.0%
5.6%
5.6%
3.7%
3.7%
30.8%
30.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
3.9%
3.9%
7.5%
7.5%
63.9%
63.9%
23.8%
23.8%
0.0%
0.0%
0% 100.0%
% of Homes