The village of New Heaven is located in the Lenox Township within the Macomb County in Michigan. It’s almost 3 miles away from the St. Clair county line. It serves the purpose of a bedroom community to the metro Detroit area while still retaining the atmosphere and charm of a small town.
It was settled during 1835 and was given the name ‘New Haven’ by Adam A. Bennet. The Grand Truck Railroad line passes through the village moving toward Port Huron. In 1869, it was declared an incorporated village and today it has become the ideal commercial area with a number of great office buildings and industrial spaces available for lease or sale.
New Haven Population Demographics
New Haven has a total population of 4,694 with a majority of the population comprising White Americans followed by Blacks. The population is growing at a rate of 0.15%. The average median age of residents is 33 years while the median household income is $51,686 per annum. The approximate number of housing units in New Haven, MI is 2128.
New Haven Economy
As New Haven is a small suburban village, the rate of unemployment is about 5.6% whereas the job growth rate is 5.3%. The major sectors of the New Haven economy are manufacturing, construction, healthcare and social assistance.
Cost of Living in New Haven, MI
The cost of living index shows that New Haven, MI has a score of 92, which is 5% more than the average in Michigan while 8% less than the rest of the country.
Property Values in New Haven, MI
The median value of a property in New Haven is approximately $117,100, which is comparatively little less than the country average. During the past few years, there has been an increase in the median property value, which has reached 6.17%. The homeownership rate is 73.8%, which is comparatively higher than the country’s average of 63.6%.
In New Haven, MI, the total covered area of the industrial buildings is 280,098 square feet while no industrial area is under construction as of now. It offers amazing opportunities for investment in industrial buildings for real estate investors.
Office buildings in New Haven, MI occupy approximately 14,902 square feet of land while no office buildings are under construction. You can make fruitful investments in office buildings to double your asset value in the near future.
Commute to Work
One-sided commute to work in New Haven, MI takes almost 34.9 minutes. Car ownership in the area is similar to the rest of the country: 2 cars per household on average. A majority of people drive independently to work.
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