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These days, finding an affordable place to live in the New Haven area can be challenging. Home prices in New Haven are now at a median cost of $204,169, lower than the Michigan average of $250,415.
The average cost of rent is $1,433/mo in New Haven, primarily driven by the current value of real estate in the New Haven area. In New Haven, 19.89% of households rent, and 40.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Haven is $5,833 per month. Households that rent pay about 24.57% of their income on rent here. New Haven’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
- Tucson Estates, AZ: equally priced homes
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- The Pinery, CO: higher priced homes
- Thief River Falls, MN: equally priced homes
- Tillamook, OR: higher priced homes
- Toney, AL: higher priced homes
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