Market Overview
Home Prices in Fair Haven, MI
The median home value in Fair Haven, MI is $279,927 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.1% compared to a year ago and down 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fair Haven are priced32% below average. Fair Haven is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Fair Haven home values have fallen by approximately1.4%, reflecting softening conditions in this market.
Price History
Fair Haven Home Price Trend
City Comparison
Fair Haven vs. National Median
At $279,927, homes in Fair Haven cost 32% below the national median of $410,000. This makes Fair Haven a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fair Haven?
20% Down Payment
$55,985
on $279,927
Monthly P&I
$1,460/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,854/mo
incl. taxes & insurance
Income Needed
$74,160
gross annual (30% rule)
10% Down Option
$27,993
+ PMI applies
Loan Amount (20% dn)
$223,942
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Fair Haven, MI?
The median home value in Fair Haven is $279,927 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.1% year-over-year.
How much have home prices changed in Fair Haven?
Over the past year, home values in Fair Haven have increased by 3.1%. Over five years, prices have fallen approximately 1.4%.
How much do I need to earn to buy a home in Fair Haven?
To comfortably afford the median home price of $279,927 with a 20% down payment ($55,985) at today's rates (6.8%), you'd need a gross annual income of approximately $74,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Fair Haven compare to the national average home price?
The national median home value is approximately $410,000. At $279,927, homes in Fair Haven are 32% below the national average.
What metro area is Fair Haven part of?
Fair Haven is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.