Howell, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Howell, NJ Real Estate Data


Howell Housing Market Information

With a population of 39,953, 1,677 total housing units (homes and apartments), and a median house value of $336,164, real estate costs in Howell are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Single-family detached homes are the single most common housing type in Howell, accounting for 83.59% of the town's housing units. Other types of housing that are prevalent in Howell include row houses and other attached homes ( 5.76%), large apartment complexes or high rise apartments ( 5.60%), and a few mobile homes or trailers ( 3.65%).

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 90.46% of Howell's homes, and 76.95% 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 1940-1969 ( 26.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.93%). There's also some housing in Howell built before 1939 ( 3.23%).

Howell Home Appreciation Rates

Howell's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Howell during the period has been just -1.64%, which is lower than 80% of US communities.

Over the last year, Howell appreciation rates have trailed the rest of the nation. In the last twelve months, Howell's appreciation rate has been 3.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Howell were at 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New Jersey, our data show that Howell's latest annual appreciation rate is lower than 50% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the town. 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:
$336,164

Howell, NJ HOME PRICES

Value Range
> $1,100,000 0.5
$825,001 - $1,100,000 0.4
$550,001 - $825,000 6.3
$440,001 - $550,000 11.8
$330,001 - $440,000 38.8
$220,001 - $330,000 28.2
$110,001 - $220,000 7.4
$55,001 - $110,000 2.8
$0 - $55,000 3.8

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
13.5562452421385 55.2845528455285

Number Of Homes And Apartments:
1,677

Rent & Ownership

 

Average Market Rent:
$1,637 / per month

Homeownership Rate

Homeownership
Owners 90.46
Renters 9.54
Vacant 2.48

Housing Market Details

 

Age of Homes

AGE OF Howell HOMES
2000 or Newer 7.9
1970 - 1999 61.9
1940 - 1969 27.0
1939 or Older 3.2

Types of Homes

TYPE OF Howell HOMES
Single-Family 83.6
Townhomes 5.8
Small Apt. Buildings 1.3
Apt. Complexes 5.6
Mobile Homes 3.7
Other 0.1

Home Size

SIZE OF Howell HOMES
No Bedroom 1.04
1 Bedroom 2.61
2 Bedrooms 13.62
3 Bedrooms 41.11
4 Bedrooms 35.84
5 or more bedrooms 5.78

Howell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
63.18% 2.92% 7 8
* 10 is highest