Howell, MI 48855 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Howell, MI—48855

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$362,000

5.1% YoY Growth

Household Income

$105,000

29.3% YoY Growth

Days on Market

14.0% Longer YoY

Home Price Forecast

1.7%

Median Rent

$1,900

9.2% YoY Growth

1-Bed Rent

$1,100

N/A

2-Bed Rent

$1,650

20.9% YoY Growth

3-Bed Rent

$2,500

6.1% YoY Growth

Other Zip Codes in Howell, MI

48843

Home Price Trends — Howell, MI

As of Dec '25, the median home price in Howell, MI is $362,000, 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 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$362,000	5.1%
Single Family	$380,000	4.7%
Condos	$293,000	5.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

Loading chart...

% of Rental Stock

1 Bedroom

8.5%

2 Bedrooms

58.5%

3 Bedrooms

24.0%

4 Bedrooms

9.0%

Property Listings — Howell, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Howell, MI is 51. This is a increase of 8.0% 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	$399,000	-2.0%
Listing Count	75	36.0%
Listings as % of Homes	0.7%	36.0%
Days on Market	70	14.0%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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

Howell, MI—48855

Key Metrics at a Glance

Other Zip Codes in Howell, MI

Home Price Trends — Howell, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Howell, MI

% of Rental Stock

Property Listings — Howell, MI

Demographics — Howell, MI

Race and Ethnicity

Mortgage and Risk — Howell, MI

Mortgages

Rentals and Section 8 — Howell, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Howell, MI

Home Price to Income Ratio

Howell, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Cohoctah

Howell, MI

Byron, MI

Linden, MI

Fowlerville, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$362,000
Median Household Income	$105,000

Howell, MI—48855

Key Metrics at a Glance

Other Zip Codes in Howell, MI

Home Price Trends — Howell, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Howell, MI

% of Rental Stock

Property Listings — Howell, MI

Demographics — Howell, MI

Race and Ethnicity

Mortgage and Risk — Howell, MI

Mortgages

Rentals and Section 8 — Howell, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Howell, MI

Home Price to Income Ratio

Howell, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Cohoctah

Howell, MI

Byron, MI

Linden, MI

Fowlerville, MI

Frequently Asked Questions

What is the average home price in Howell, MI 48855?

How have home prices in Howell, MI 48855 changed over the past year?

What is the home price projection for Howell, MI 48855?

What are the demographics of Howell, MI 48855?

How long does it take homes to sell in Howell, MI 48855?

What is the average rent price in Howell, MI 48855?