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Howell, NJ—07731

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$674,000
3.1% YoY Growth
Household Income
$130,000
22.3% YoY Growth
Days on Market
32
13.0% Shorter YoY
Home Price Forecast
1.2%
Median Rent
$3,300
7.4% YoY Growth
1-Bed Rent
$2,550
0.0% YoY Growth
2-Bed Rent
$3,450
0.0% YoY Growth
3-Bed Rent
$3,300
14.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Howell, NJ

As of May '26, the median home price in Howell, NJ is $674,000, with a year-over-year change of 3.1%. This indicates that home prices in Howell, NJ are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$674,0003.1%
Single Family $683,0002.9%
Condos $377,0005.6%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $319,000
    2.2%
    2 Bed
    		$404,0003.9%
    3 Bed
    		$618,0003.7%
    4 Bed
    		$747,0001.9%
    5 Bed $835,6151.2%
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    % of Housing Stock

    Studio
    0.6%
    1 Bedroom
    2.8%
    2 Bedrooms
    15.3%
    3 Bedrooms
    38.2%
    4 Bedrooms
    38.5%
    5+ Bedrooms
    4.5%

    Rental Trends — Howell, NJ

    As of July '25, Rentcast reports the average rent in Howell, NJ is $3,190, with a year-over-year rent change of 7.4%. Per bedroom, the median rent as of July '25 in Howell, NJ is 1-bedrooms: $2,560, 2-bedrooms: $3,340, 3-bedrooms: $3,700, 4-bedrooms: $4,430. The most common rental property sizes in Howell, NJ are 2-bedroom and 3-bedroom, accounting for 35.4% and 23.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,300$3,190
    Studio Rent N/AN/A
    1 Bed Rent $2,550$2,560
    2 Bed Rent $3,450$3,340
    3 Bed Rent $3,300$3,700
    4 Bed Rent $4,200$4,430
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    % of Rental Stock

    Studio
    1.8%
    1 Bedroom
    16.5%
    2 Bedrooms
    35.4%
    3 Bedrooms
    23.9%
    4 Bedrooms
    22.4%

    Property Listings — Howell, NJ

    As of May '26, Realtor.com reports that the median days on market for a home in Howell, NJ is 32. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$695,000-1.0%
    Listing Count
    		24227.0%
    Listings as % of Homes0.8%27.0%
    Days on Market
    		32-13.0%
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    Demographics — Howell, NJ

    As of the latest ACS Survey released in 2023, Howell, NJ has a population of 39,900, which has increased by 3.7% over the past 5 years. Howell, NJ is a moderately popular place for families, as children make up 23.6% of the population. The area has a moderately educated workforce, with 41.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		39,9003.7%
    % Under 18
    		23.6%-0.4%
    % Seniors
    		14.6%44.6%
    % WFH
    		14.7%206.2%
    % w/ College Degree
    		41.9%6.3%
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    As of the latest ACS Survey released in 2023, Howell, NJ is a predominantly white area, with 72.8% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Howell, NJ is hispanic, making up 16.0% of the population. Foreign-born residents account for 13.0% of the population in Howell, NJ, and this percentage has increased by 6.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		72.8%-6.8%
    % Black
    		4.4%18.9%
    % Hispanic
    		16.0%44.1%
    % Asian
    		3.5%-36.4%
    % Foreign Born
    		13.0%6.6%
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    Mortgage and Risk — Howell, NJ

    According to HUD data as of 2023, there were 800 mortgage originations in Howell, NJ, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Howell, NJ. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		800
    % Conventional Loans
    		91.0%
    % Government Loans
    		9.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Howell, NJ

    As of 2024, the percent of homes in Howell, NJ under the Section 8 program is 16.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Howell, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		234
    Total Units Section 8
    		218
    % Rentals under Section 8
    		16.3%
    % Occupied Section 8
    		89.8%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$610$2,550$1,940
    2 Bedroom-$1,060$3,450$2,390
    3 Bedroom-$120$3,300$3,180
    4 Bedroom-$660$4,200$3,540

    Affordability — Howell, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$674,000
    Median Household Income$130,000

    Howell, NJ — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    07727

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    08701

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    Frequently Asked Questions