New Haven, MI—48050
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 $384,000, with a year-over-year change of 4.8%. This indicates that home prices in New Haven, MI are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $384,000 | 4.8% |
| Single Family | $384,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $374,000 | 3.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Haven, MI
New Haven, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 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 50. This is a increase of 77.0% 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 200.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $370,000 | 1.0% |
Listing Count | 1 | -57.0% |
| Listings as % of Homes | 0.7% | -57.0% |
Days on Market | 50 | 77.0% |
Demographics — New Haven, MI
As of the latest ACS Survey released in 2023, New Haven, MI has a population of 1,290, which has decreased by -23.1% over the past 5 years. New Haven, MI is a less popular place for families, as children make up 13.5% of the population. The area has a poorly educated workforce, with 20.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,290 | -23.1% |
% Under 18 | 13.5% | -30.1% |
% Seniors | 35.1% | 213.4% |
% WFH | 11.9% | 750.0% |
% w/ College Degree | 20.2% | 41.3% |
As of the latest ACS Survey released in 2023, New Haven, MI is a predominantly white area, with 99.1% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in New Haven, MI is hispanic, making up 0.1% of the population. Foreign-born residents account for 4.1% of the population in New Haven, MI, and this percentage has increased by 70.8% 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 | 99.1% | 0.0% |
% Black | 0.0% | N/A |
% Hispanic | 0.1% | 0.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 4.1% | 70.8% |
Mortgage and Risk — New Haven, MI
According to HUD data as of 2023, there were 52 mortgage originations in New Haven, MI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in New Haven, MI. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 52 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
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 | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,280 |
| 2 Bedroom | N/A | N/A | $1,620 |
| 3 Bedroom | N/A | N/A | $2,000 |
| 4 Bedroom | N/A | N/A | $2,160 |
Affordability — New Haven, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $384,000 |
| Median Household Income | $88,800 |