Howell, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Howell, MI Housing Market Trends

With 9,604 people, 4,307 houses or apartments, and a median cost of homes of $218,410, Howell real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Howell, accounting for 41.45% of the city's housing units. Other types of housing that are prevalent in Howell include large apartment complexes or high rise apartments ( 39.88%), row houses and other attached homes ( 7.14%), and a few mobile homes or trailers ( 5.86%).

People in Howell primarily live in small (one, two or no bedroom) single-family detached homes. Howell has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Howell built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Howell built before 1939 ( 21.85%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.44%). There's also some housing in Howell built between 2000 and later ( 13.06%).

Howell Home Appreciation Rates

In the last 10 years, Howell has experienced some of the highest home appreciation rates of any community in the nation. Howell real estate appreciated 71.04% over the last ten years, which is an average annual home appreciation rate of 5.51%, putting Howell in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Howell definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Howell's appreciation rate, at 5.52%, has been at or slightly above the national average. In the latest quarter, Howell's appreciation rate has been 2.49%, which annualizes to a rate of 10.34%.

Relative to Michigan, our data show that Howell's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Howell differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Howell - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Howell real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$218,410

Howell, MI HOME PRICES

> $1,204,000
0.0%
0.0%
$902,001 - $1,204,000
0.3%
0.3%
$602,001 - $902,000
0.0%
0.0%
$481,001 - $602,000
0.3%
0.3%
$361,001 - $481,000
1.3%
1.3%
$241,001 - $361,000
38.7%
38.7%
$120,001 - $241,000
47.7%
47.7%
$60,001 - $120,000
9.3%
9.3%
$0 - $60,000
2.3%
2.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for MI

Value Relative To Nation

Number Of Homes And Apartments:
4,307

Howell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
29.02% 1.22%
4
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,274 / per month

Homeownership Rate

Owners
43.5%
43.5%
Renters
56.5%
56.5%
Vacant
6.2%
6.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
13.1%
13.1%
1970 - 1999
44.6%
44.6%
1940 - 1969
20.4%
20.4%
1939 or Older
21.9%
21.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
41.4%
41.4%
Townhomes
7.1%
7.1%
Small Apt. Buildings
5.7%
5.7%
Apt. Complexes
39.9%
39.9%
Mobile Homes
5.9%
5.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.4%
2.4%
1 Bedroom
19.5%
19.5%
2 Bedrooms
40.4%
40.4%
3 Bedrooms
28.5%
28.5%
4 Bedrooms
8.1%
8.1%
5 or more bedrooms
1.0%
1.0%
0.0% 100.0%
% OF HOMES