The typical owner-occupied home in South Haven is worth about $194,600, 41% below the Minnesota median of $329,300 and 42% below the national median of $332,700. Owners pay a median $2,750 a year in property taxes, about 1.41% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $106,250 a year, so the median home costs 1.8 times the median income (3.7 times for Minnesota). 84% of occupied homes here are lived in by their owners, and 77% of those owners still have a mortgage.
South Haven at a glance
| South Haven | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $194,600 | $329,300 | $332,700 |
| Median property tax paid per year | $2,750 | $3,357 | $3,119 |
| Property tax as a share of value | 1.41% | 1.02% | 0.94% |
| Median household income | $106,250 | $89,062 | $80,734 |
| Homes lived in by their owners | 84% | 72% | 65% |
| Owner homes with a mortgage | 77% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,575 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 19.7% | 21.0% |
| Median rent | – | $1,280 | $1,413 |
| Median year homes were built | 1945 | 1979 | 1980 |
| Vacant homes | 14.4% | 9.3% | 10.1% |
| Population | 214 | 5,739,445 | 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 $194,600 with 20% down costs about $1,357 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,681, 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 $58,158 for the 20%-down payment. That payment is 15% of the median South Haven household income of $106,250; at that income and 20% down, the 28% guideline points to a home of about $356,000.
| Down payment | $38,920 |
|---|---|
| Loan amount | $155,680 |
| Principal and interest | $1,047 |
| Property taxes (1.41% a year) | $229 |
| Homeowners insurance (our estimate, 0.5% a year) | $81 |
| PMI | $0 |
| Total per month | $1,357 |
Change the numbers in the calculator
| Down payment | $6,811 |
|---|---|
| Loan amount | $191,075 |
| Principal and interest | $1,285 |
| Property taxes (1.41% a year) | $229 |
| Homeowners insurance (our estimate, 0.5% a year) | $81 |
| FHA mortgage insurance | $86 |
| Total per month | $1,681 |
Change the numbers in the calculator
Questions about home buying in South Haven
What is the median home value in South Haven?
About $194,600 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 $2,750 a year, which is about 1.41% 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 $1,357 a month. Keeping that under 28% of gross income takes about $58,158 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