New Haven, MI—48048
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in New Haven, MI
Home Price Trends — New Haven, MI
As of Oct '25, the median home price in New Haven, MI is $286,000, with a year-over-year change of 4.0%. This indicates that home prices in New Haven, MI are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $286,000 | 4.0% |
| Single Family | $282,000 | 1.4% |
| Condos | $295,000 | 9.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $188,000 | -1.6% |
3 Bed | $278,000 | 1.5% |
4 Bed | $336,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Haven, MI
As of July '25, Rentcast reports the average rent in New Haven, MI is $1,950, with a year-over-year rent change of 44.4%. Per bedroom, the median rent as of July '25 in New Haven, MI is 2-bedrooms: $2,020, 3-bedrooms: $1,800. The most common rental property sizes in New Haven, MI are 3-bedroom and 4-bedroom, accounting for 59.8% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,300 | $2,020 |
| 3 Bed Rent | $1,700 | $1,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Haven, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in New Haven, MI is 28. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $331,000 | -1.0% |
Listing Count | 24 | -15.0% |
| Listings as % of Homes | 0.5% | -15.0% |
Days on Market | 28 | -21.0% |
Demographics — New Haven, MI
As of the latest ACS Survey released in 2023, New Haven, MI has a population of 11,100, which has increased by 43.9% over the past 5 years. New Haven, MI is a popular place for families, as children make up 28.3% of the population. The area has a poorly educated workforce, with 15.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,100 | 43.9% |
% Under 18 | 28.3% | 0.7% |
% Seniors | 8.1% | -36.2% |
% WFH | 11.1% | 593.8% |
% w/ College Degree | 15.9% | 7.4% |
As of the latest ACS Survey released in 2023, New Haven, MI is a predominantly white area, with 73.4% of the population identifying as white. The white population has shrunk by 11.7% in the last 5 years. The second most common race or ethnicity in New Haven, MI is black, making up 13.4% of the population. Foreign-born residents account for 1.4% of the population in New Haven, MI, and this percentage has decreased by 12.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.4% | -11.7% |
% Black | 13.4% | 78.7% |
% Hispanic | 4.3% | 30.3% |
% Asian | 0.1% | ∞% |
% Foreign Born | 1.4% | -12.5% |
Mortgage and Risk — New Haven, MI
According to HUD data as of 2023, there were 211 mortgage originations in New Haven, MI, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in New Haven, MI. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 211 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — New Haven, MI
New Haven, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 116 |
Total Units Section 8 | 28 |
% Rentals under Section 8 | 4.9% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,180 |
| 2 Bedroom | $190 | $1,300 | $1,490 |
| 3 Bedroom | $130 | $1,700 | $1,830 |
| 4 Bedroom | N/A | N/A | $1,980 |
Affordability — New Haven, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $286,000 |
| Median Household Income | $69,000 |