The typical owner-occupied home in South Haven is worth about $454,100, 96% above the Michigan median of $231,600 and 36% above the national median of $332,700. Owners pay a median $4,726 a year in property taxes, about 1.04% of their home's value, lower than the Michigan rate of 1.25%. The median household earns $68,239 a year, so the median home costs 6.7 times the median income (3.2 times for Michigan). 71% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
South Haven at a glance
| South Haven | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $454,100 | $231,600 | $332,700 |
| Median property tax paid per year | $4,726 | $2,904 | $3,119 |
| Property tax as a share of value | 1.04% | 1.25% | 0.94% |
| Median household income | $68,239 | $72,875 | $80,734 |
| Homes lived in by their owners | 71% | 73% | 65% |
| Owner homes with a mortgage | 58% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,451 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 27.4% | 19.3% | 21.0% |
| Median rent | $834 | $1,129 | $1,413 |
| Rent as a share of renters' income | 28.9% | 30.2% | 30.6% |
| Median year homes were built | 1965 | 1972 | 1980 |
| Vacant homes | 42.5% | 11.8% | 10.1% |
| Population | 3,998 | 10,077,761 | 334,922,499 |
What a typical home costs per month in South Haven
At this week's average 30-year rate of 7.11%, buying the median South Haven home of $454,100 with 20% down costs about $3,027 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,783, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $129,710 for the 20%-down payment. That payment is 53% of the median South Haven household income of $68,239; at that income and 20% down, the 28% guideline points to a home of about $239,000.
The median rent here is $834 a month, so owning the median home costs about $2,193 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $90,820 |
|---|---|
| Loan amount | $363,280 |
| Principal and interest | $2,444 |
| Property taxes (1.04% a year) | $394 |
| Homeowners insurance (our estimate, 0.5% a year) | $189 |
| PMI | $0 |
| Total per month | $3,027 |
Change the numbers in the calculator
| Down payment | $15,894 |
|---|---|
| Loan amount | $445,875 |
| Principal and interest | $2,999 |
| Property taxes (1.04% a year) | $394 |
| Homeowners insurance (our estimate, 0.5% a year) | $189 |
| FHA mortgage insurance | $201 |
| Total per month | $3,783 |
Change the numbers in the calculator
Questions about home buying in South Haven
What is the median home value in South Haven?
About $454,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in South Haven?
Homeowners pay a median $4,726 a year, which is about 1.04% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in South Haven?
For the median home with 20% down at 7.11%, the payment is about $3,027 a month. Keeping that under 28% of gross income takes about $129,710 a year.
More about South Haven
- Mortgage Refinance in South Haven
- Debt Relief in South Haven
- Home Equity Loans in South Haven
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data