Howell, MI—48855
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 $367,000, with a year-over-year change of 5.1%. This indicates that home prices in Howell, MI are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $367,000 | 5.1% |
| Single Family | $385,000 | 5.2% |
| Condos | $296,000 | 5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $252,000 | 4.6% |
3 Bed | $364,000 | 4.6% |
4 Bed | $435,000 | 4.3% |
| 5 Bed | $525,000 | 4.2% |
% of Housing Stock
Rental Trends — Howell, MI
As of July '25, Rentcast reports the average rent in Howell, MI is $2,070, with a year-over-year rent change of -9.2%. Per bedroom, the median rent as of July '25 in Howell, MI is 1-bedrooms: $1,120, 2-bedrooms: $1,740, 3-bedrooms: $2,430, 4-bedrooms: $2,780. The most common rental property sizes in Howell, MI are 2-bedroom and 3-bedroom, accounting for 58.5% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,070 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,120 |
| 2 Bed Rent | $1,650 | $1,740 |
| 3 Bed Rent | $2,500 | $2,430 |
| 4 Bed Rent | $2,800 | $2,780 |
% 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 45. This is a increase of 36.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $401,000 | 6.0% |
Listing Count | 91 | 44.0% |
| Listings as % of Homes | 0.7% | 44.0% |
Days on Market | 45 | 36.0% |
Demographics — Howell, MI
As of the latest ACS Survey released in 2023, Howell, MI has a population of 16,600, which has increased by 10.5% over the past 5 years. Howell, MI is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 35.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,600 | 10.5% |
% Under 18 | 23.5% | 9.8% |
% Seniors | 15.6% | -6.0% |
% WFH | 12.5% | 197.6% |
% w/ College Degree | 35.0% | 16.3% |
As of the latest ACS Survey released in 2023, Howell, MI is a predominantly white area, with 93.2% of the population identifying as white. The white population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Howell, MI is hispanic, making up 2.9% of the population. Foreign-born residents account for 2.5% of the population in Howell, MI, and this percentage has decreased by 21.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.2% | -0.3% |
% Black | 0.2% | -60.0% |
% Hispanic | 2.9% | 31.8% |
% Asian | 0.3% | -81.2% |
% Foreign Born | 2.5% | -21.9% |
Mortgage and Risk — Howell, MI
According to HUD data as of 2023, there were 380 mortgage originations in Howell, MI, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 26.0% 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. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 380 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Howell, MI
As of 2024, the percent of homes in Howell, MI under the Section 8 program is 1.6%. 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 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 and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 34 |
Total Units Section 8 | 34 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,100 | $1,410 |
| 2 Bedroom | -$10 | $1,650 | $1,640 |
| 3 Bedroom | -$210 | $2,500 | $2,290 |
| 4 Bedroom | -$230 | $2,800 | $2,570 |
Affordability — Howell, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $367,000 |
| Median Household Income | $105,000 |