South Haven, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating South Haven Neighborhoods Since 2000




South Haven, MI Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

South Haven Housing Market Information

With a population of 4,356, 2,035 total housing units (homes and apartments), and a median house value of $165,349, South Haven real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in South Haven, accounting for 56.90% of the city's housing units. Other types of housing that are prevalent in South Haven include large apartment complexes or high rise apartments ( 23.21%), duplexes, homes converted to apartments or other small apartment buildings ( 15.00%), and a few row houses and other attached homes ( 3.24%).

People in South Haven primarily live in small (one, two or no bedroom) single-family detached homes. South Haven has a mixture of owner-occupied and renter-occupied housing.

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 before 1939 ( 27.66%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.18%). There's also some housing in South Haven built between 2000 and later ( 8.56%).

A decent proportion of the South Haven housing stock is seasonally occupied. That is, homes and condos in South Haven are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the South Haven housing market speaks to its popularity as a vacation location of choice.

South Haven Home Appreciation Rates

Appreciation rates for homes in South Haven have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.64%, which ranks in the top 40% nationwide. This equates to an annual average South Haven house appreciation rate of 0.65%.

NeighborhoodScout's data show that during the latest twelve months, South Haven's appreciation rate, at 3.40%, has been at or slightly above the national average. In the latest quarter, South Haven's appreciation rate has been 0.23%, which annualizes to a rate of 0.92%.

Relative to Michigan, our data show that South Haven's latest annual appreciation rate is lower 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:
$165,349

South Haven, MI HOME PRICES

Value Range
> $1,090,000 2.5
$817,001 - $1,090,000 3.6
$545,001 - $817,000 4.8
$436,001 - $545,000 4.0
$327,001 - $436,000 9.1
$218,001 - $327,000 19.1
$109,001 - $218,000 35.7
$54,001 - $109,000 14.3
$0 - $54,000 6.8

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
43.4958396812375 28.0448717948718

Number Of Homes And Apartments:
2,035

South Haven Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
65.06% 2.95% 10 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$818 / per month

Homeownership Rate

Homeownership
Owners 57.03
Renters 42.97
Vacant 40.13

Housing Market Details

 

Age of Homes

AGE OF South Haven HOMES
2000 or Newer 8.6
1970 - 1999 37.6
1940 - 1969 26.2
1939 or Older 27.7

Types of Homes

TYPE OF South Haven HOMES
Single-Family 56.9
Townhomes 3.2
Small Apt. Buildings 15.0
Apt. Complexes 23.2
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF South Haven HOMES
No Bedroom 2.15
1 Bedroom 10.77
2 Bedrooms 38.63
3 Bedrooms 31.04
4 Bedrooms 12.77
5 or more bedrooms 4.65