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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.



South 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

South Haven, MI Housing Market Trends

With a population of 3,988, 11 total housing units (homes and apartments), and a median house value of $402,156, South Haven real estate is some of the most expensive in Michigan, although South Haven home values aren't among America's most expensive.

Large apartment complexes or high rise apartments are the single most common housing type in South Haven, accounting for 100.00% of the city's housing units. Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

Owner-occupied, three and four bedroom dwellings are the most prevalent type of housing you will see in South Haven. Owner-occupied housing accounts for 100.00% of South Haven's homes, and 100.00% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in South Haven built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in South Haven built between 1940-1969 ( 0.00%). A lesser amount of the housing stock also hails from between 2000 and later ( 0.00%).

South Haven Home Appreciation Rates

In the last 10 years, South Haven has experienced some of the highest home appreciation rates of any community in the nation. South Haven real estate appreciated 112.37% over the last ten years, which is an average annual home appreciation rate of 7.82%, putting South Haven in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, South Haven definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in South Haven that despite a nationwide downturn in the housing market, South Haven real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, South Haven appreciation rates continue to be some of the highest in America, at 7.90%, which is higher than appreciation rates in 85.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in South Haven. South Haven appreciation rates in the latest quarter were at 2.30%, which equates to an annual appreciation rate of 9.51%.

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

Relative to Michigan, our data show that South Haven's latest annual appreciation rate is higher than 70% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within South Haven differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South Haven - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best South Haven real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$402,156

South Haven, MI Home Prices
> $1,383,000
$1,037,001 - $1,383,000
$691,001 - $1,037,000
$554,001 - $691,000
$415,001 - $554,000
$276,001 - $415,000
$139,001 - $276,000
$69,001 - $139,000
$0 - $69,000
2.9%
2.9%
4.2%
4.2%
15.6%
15.6%
13.3%
13.3%
15.1%
15.1%
20.7%
20.7%
17.9%
17.9%
4.7%
4.7%
5.5%
5.5%
0% 100.0%
% of Homes
Very High

for Michigan

High

for nation

Number of Homes And Apartments:

11

South Haven Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,266 / per month

Homeownership Rate

Owners
Renters
100.0%
100.0%
0.0%
0.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
0.0%
0.0%
100.0%
100.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
0.0%
0.0%
100.0%
100.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

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

Popular Communities Near South Haven, MI

Zip Codes in South Haven, MI