Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 184, 65 total housing units (homes and apartments), and a median house value of $433,272, South Haven real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in South Haven, accounting for 76.92% of the city's housing units. Other types of housing that are prevalent in South Haven include duplexes, homes converted to apartments or other small apartment buildings ( 16.67%), mobile homes or trailers ( 6.41%).
Dwellings in South Haven tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 52.56% of the homes in South Haven have two or fewer bedrooms.
There is a lot of housing in South Haven built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in South Haven built before 1939 ( 29.49%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.51%). There's also some housing in South Haven built between 2000 and later ( 10.26%).
Vacant housing appears to be an issue in South Haven. Fully 16.67% of the housing stock is classified as vacant. Left unchecked, vacant South Haven homes and apartments can be a drag on the real estate market, holding South Haven real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
South Haven's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in South Haven during the period has been just 5.37%, which is lower than 70% of US communities.
Over the last year, South Haven appreciation rates have trailed the rest of the nation. In the last twelve months, South Haven's appreciation rate has been 0.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in South Haven were at 2.27%, which equates to an annual appreciation rate of 9.37%.
Relative to Minnesota, our data show that South Haven's latest annual appreciation rate is lower than 90% of the other cities and towns in Minnesota.
$433,272
for Minnesota
for nation
65
$1,627 / per month