South Haven, MI—49090
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Haven, MI
South Haven, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $360,000 | -1.4% |
| Single Family | $352,000 | -1.4% |
| Condos | $442,000 | 1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $285,000 | 1.4% |
2 Bed | $347,000 | 0.6% |
3 Bed | $402,000 | 1.8% |
4 Bed | $553,000 | 0.7% |
| 5 Bed | $848,000 | 1.0% |
% of Housing Stock
Rental Trends — South Haven, MI
As of July '25, Rentcast reports the average rent in South Haven, MI is $2,590, with a year-over-year rent change of -8.5%. Per bedroom, the median rent as of July '25 in South Haven, MI is 1-bedrooms: $1,650, 2-bedrooms: $1,060, 3-bedrooms: $2,280, 4-bedrooms: $5,200. The most common rental property sizes in South Haven, MI are 2-bedroom and 1-bedroom, accounting for 56.0% and 22.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $2,590 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,650 | $1,650 |
| 2 Bed Rent | $515 | $1,060 |
| 3 Bed Rent | $1,600 | $2,280 |
| 4 Bed Rent | $3,000 | $5,200 |
% of Rental Stock
Property Listings — South Haven, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in South Haven, MI is 75. This is a increase of 46.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $554,000 | 3.0% |
Listing Count | 120 | 14.0% |
| Listings as % of Homes | 0.8% | 14.0% |
Days on Market | 75 | 46.0% |
Demographics — South Haven, MI
As of the latest ACS Survey released in 2023, South Haven, MI has a population of 13,600, which has decreased by -4.9% over the past 5 years. South Haven, MI is a moderately popular place for families, as children make up 18.2% of the population. The area has a moderately educated workforce, with 30.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,600 | -4.9% |
% Under 18 | 18.2% | -15.3% |
% Seniors | 30.5% | 29.2% |
% WFH | 14.6% | 356.2% |
% w/ College Degree | 30.7% | 18.1% |
As of the latest ACS Survey released in 2023, South Haven, MI is a predominantly white area, with 77.2% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in South Haven, MI is hispanic, making up 9.1% of the population. Foreign-born residents account for 6.8% of the population in South Haven, MI, and this percentage has increased by 33.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.2% | -5.6% |
% Black | 5.4% | -18.2% |
% Hispanic | 9.1% | 11.0% |
% Asian | 1.8% | 157.1% |
% Foreign Born | 6.8% | 33.3% |
Mortgage and Risk — South Haven, MI
According to HUD data as of 2023, there were 330 mortgage originations in South Haven, MI, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in South Haven, MI. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 330 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 3.0% |
% Second Loans | 25.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — South Haven, MI
South Haven, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 231 |
Total Units Section 8 | 92 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 93.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$890 | $1,650 | $760 |
| 2 Bedroom | $485 | $515 | $1,000 |
| 3 Bedroom | -$310 | $1,600 | $1,290 |
| 4 Bedroom | -$1,680 | $3,000 | $1,320 |
Affordability — South Haven, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $360,000 |
| Median Household Income | $64,600 |