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New Haven

Learn about the people, housing, costs and businesses in New Haven, Illinois

Median Home$80,801
Median Rent$676/month
Population429
Leading IndustriesInformation & Media · Finance & Insurance · Manufacturing15% information & media
Home Value Growth+6.7% over 2 years
Retirees25% of residentsabove average nationally
Homeowners84% of occupied units
NotableAffordable Market$81k median home · lower cost than 97% of the country
New Haven
IL

Frequently Asked Questions

What are today's mortgage rates in New Haven?

As of today, the 30-year fixed mortgage rate for New Haven is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in New Haven?

The median home value in New Haven is $81k. The median monthly rent is $676. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Haven?

Home values in New Haven have increased 6.7% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in New Haven?

Based on a typical all-in ownership cost of $675/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Haven is $62k/year.

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What industries drive the economy in New Haven?

The largest employment sectors in New Haven are public administration (26%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.