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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 9,604, 1,377 total housing units (homes and apartments), and a median house value of $226,841, 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 75.55% of the city's housing units. Other types of housing that are prevalent in Howell include large apartment complexes or high rise apartments ( 12.49%), row houses and other attached homes ( 5.71%), and a few mobile homes or trailers ( 3.61%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Howell. Owner-occupied housing accounts for 79.53% of Howell's homes, and 70.33% have either three or four bedrooms, which is average sized relative to America.
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 between 2000 and later ( 30.05%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.69%). There's also some housing in Howell built before 1939 ( 8.82%).
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 65.38% over the last ten years, which is an average annual home appreciation rate of 5.16%, 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 3.91%, has been at or slightly above the national average. In the latest quarter, Howell's appreciation rate has been 1.98%, which annualizes to a rate of 8.17%.
Importantly, this makes Howell one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Michigan, our data show that Howell's latest annual appreciation rate is higher than 50% 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.
|$923,001 - $1,231,000||0.4|
|$616,001 - $923,000||0.0|
|$493,001 - $616,000||0.6|
|$369,001 - $493,000||1.0|
|$246,001 - $369,000||33.3|
|$123,001 - $246,000||51.6|
|$61,001 - $123,000||9.7|
|$0 - $61,000||3.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
2000 Q1 - 2020 Q3
|* 10 is highest|
|AGE OF Howell HOMES|
|2000 or Newer||30.1|
|1970 - 1999||48.4|
|1940 - 1969||12.7|
|1939 or Older||8.8|
|TYPE OF Howell HOMES|
|Small Apt. Buildings||2.6|
|SIZE OF Howell HOMES|
|5 or more bedrooms||3.59|