Howell, NJ—07731
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Howell, NJ
As of Oct '25, the median home price in Howell, NJ is $647,000, with a year-over-year change of 3.5%. This indicates that home prices in Howell, NJ are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $647,000 | 3.5% |
| Single Family | $661,000 | 3.0% |
| Condos | $375,000 | 3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $315,000 | 4.0% |
2 Bed | $401,000 | 3.1% |
3 Bed | $594,000 | 3.5% |
4 Bed | $723,000 | 2.7% |
| 5 Bed | $810,000 | 2.1% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,300 | $3,190 |
| Studio Rent | N/A | N/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 |
% of Rental Stock
Property Listings — Howell, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Howell, NJ is 48. This is a increase of 22.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $712,000 | -1.0% |
Listing Count | 225 | 13.0% |
| Listings as % of Homes | 0.8% | 13.0% |
Days on Market | 48 | 22.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,900 | 3.7% |
% Under 18 | 23.6% | -0.4% |
% Seniors | 14.6% | 44.6% |
% WFH | 14.7% | 206.2% |
% w/ College Degree | 41.9% | 6.3% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $647,000 |
| Median Household Income | $130,000 |