Howell, MI—48843
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Howell, MI
Home Price Trends — Howell, MI
As of Oct '25, the median home price in Howell, MI is $376,000, with a year-over-year change of 4.2%. This indicates that home prices in Howell, MI are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $376,000 | 4.2% |
| Single Family | $388,000 | 3.7% |
| Condos | $346,000 | 5.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $262,000 | 3.6% |
3 Bed | $361,000 | 3.7% |
4 Bed | $453,000 | 3.4% |
| 5 Bed | $547,000 | 3.2% |
% of Housing Stock
Rental Trends — Howell, MI
As of July '25, Rentcast reports the average rent in Howell, MI is $1,740, with a year-over-year rent change of 4.2%. Per bedroom, the median rent as of July '25 in Howell, MI is 1-bedrooms: $1,340, 2-bedrooms: $1,660, 3-bedrooms: $2,370, 4-bedrooms: $2,240. The most common rental property sizes in Howell, MI are 2-bedroom and 1-bedroom, accounting for 44.6% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,790 | $1,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,080 | $1,340 |
| 2 Bed Rent | $1,520 | $1,660 |
| 3 Bed Rent | $2,340 | $2,370 |
| 4 Bed Rent | $1,800 | $2,240 |
% of Rental Stock
Property Listings — Howell, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Howell, MI is 43. This is a decrease of -16.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $440,000 | 0.0% |
Listing Count | 168 | -1.0% |
| Listings as % of Homes | 0.4% | -1.0% |
Days on Market | 43 | -16.0% |
Demographics — Howell, MI
As of the latest ACS Survey released in 2023, Howell, MI has a population of 46,900, which has increased by 2.2% over the past 5 years. Howell, MI is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 37.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,900 | 2.2% |
% Under 18 | 20.1% | -15.2% |
% Seniors | 17.3% | 18.5% |
% WFH | 13.6% | 223.8% |
% w/ College Degree | 37.3% | 14.4% |
As of the latest ACS Survey released in 2023, Howell, MI is a predominantly white area, with 92.3% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Howell, MI is hispanic, making up 4.0% of the population. Foreign-born residents account for 3.1% of the population in Howell, MI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.3% | -1.2% |
% Black | 0.5% | -16.7% |
% Hispanic | 4.0% | 42.9% |
% Asian | 1.0% | 0.0% |
% Foreign Born | 3.1% | 0.0% |
Mortgage and Risk — Howell, MI
According to HUD data as of 2023, there were 1065 mortgage originations in Howell, MI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Howell, MI. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,065 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Howell, MI
As of 2024, the percent of homes in Howell, MI under the Section 8 program is 5.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Howell, MI, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 214 |
Total Units Section 8 | 214 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,080 | $1,250 |
| 2 Bedroom | -$70 | $1,520 | $1,450 |
| 3 Bedroom | -$310 | $2,340 | $2,030 |
| 4 Bedroom | $470 | $1,800 | $2,270 |
Affordability — Howell, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $376,000 |
| Median Household Income | $91,600 |