Quick facts: South haven, MN

Quick Facts

102.8
Cost of Living
above US average
184
Population
65.22
Crime Rate per 1000
above US average
$90,625
Median Income
above US average
$224,900
Median House Price
above US average
$1560
Average Rent
above US average
8%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $90,625.

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Income Needed to Buy

βœ“ Affordable
$71k/year
Based on $224,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($90,625) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$67k/year
Based on $1560/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($90,625) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for South haven, MN

South Haven is a small, charming community located in Meeker County, Minnesota. Nestled along the scenic banks of the Crow River, it offers a peaceful rural atmosphere that draws residents and visitors alike. The town is known for its friendly ambiance and close-knit community, where local events and gatherings foster connections among residents. South Haven is surrounded by beautiful natural landscapes, making it a great spot for outdoor enthusiasts. The nearby lakes and parks offer opportunities for fishing, hiking, and picnicking, highlighting the area's stunning scenery. The town also partakes in traditional Midwestern festivals and events that celebrate local culture and heritage. Though relatively small, South Haven’s proximity to larger towns like Hutchinson and Litchfield provides access to more extensive amenities, shopping, and dining options. Its convenient location along major highways makes it a pleasant getaway or a great place to call home for those who appreciate a slower pace of life while still being close to urban conveniences. Overall, South Haven represents the ideal blend of rural charm and community spirit.

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