Howard City, MI—49329
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Howard City, MI
As of Oct '25, the median home price in Howard City, MI is $261,000, with a year-over-year change of 3.6%. This indicates that home prices in Howard City, MI are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $261,000 | 3.6% |
| Single Family | $261,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $274,000 | 4.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Howard City, MI
Howard City, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $814 | $886 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $650 |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | $814 | $814 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Howard City, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Howard City, MI is 49. This is a increase of 17.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $449,000 | 61.0% |
Listing Count | 30 | 14.0% |
| Listings as % of Homes | 0.6% | 14.0% |
Days on Market | 49 | 17.0% |
Demographics — Howard City, MI
As of the latest ACS Survey released in 2023, Howard City, MI has a population of 9,030, which has increased by 6.2% over the past 5 years. Howard City, MI is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,030 | 6.2% |
% Under 18 | 21.3% | -15.5% |
% Seniors | 10.3% | -24.8% |
% WFH | 6.8% | 466.7% |
% w/ College Degree | 15.0% | 5.6% |
As of the latest ACS Survey released in 2023, Howard City, MI is a predominantly white area, with 86.5% of the population identifying as white. The white population has shrunk by 9.9% in the last 5 years. The second most common race or ethnicity in Howard City, MI is black, making up 6.5% of the population. Foreign-born residents account for 4.9% of the population in Howard City, MI, and this percentage has increased by 250.0% 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 | 86.5% | -9.9% |
% Black | 6.5% | 2,066.7% |
% Hispanic | 2.3% | 64.3% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 4.9% | 250.0% |
Mortgage and Risk — Howard City, MI
According to HUD data as of 2023, there were 193 mortgage originations in Howard City, MI, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Howard City, MI. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 193 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Howard City, MI
Howard City, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 91 |
Total Units Section 8 | 91 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 65.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $650 | $950 |
| 2 Bedroom | -$50 | $1,200 | $1,150 |
| 3 Bedroom | $616 | $814 | $1,430 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — Howard City, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $261,000 |
| Median Household Income | $71,600 |