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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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 10,081 people, 4,839 houses or apartments, and a median cost of homes of $309,816, Howell real estate and house prices are near the national average for all cities and towns.

Large apartment complexes or high rise apartments are the single most common housing type in Howell, accounting for 39.76% of the city's housing units. Other types of housing that are prevalent in Howell include single-family detached homes ( 39.25%), duplexes, homes converted to apartments or other small apartment buildings ( 9.94%), and a few row houses and other attached homes ( 5.55%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Howell primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. 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 between 1940-1969 ( 20.55%). A lesser amount of the housing stock also hails from before 1939 ( 19.69%). There's also some housing in Howell built between 2000 and later ( 17.12%).

Howell Home Appreciation Rates

Appreciation rates for homes in Howell have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.77%, which ranks in the top 50% nationwide. This equates to an annual average Howell house appreciation rate of 6.78%.

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 4.80%, 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 1.70%, which equates to an annual appreciation rate of 6.96%.

Relative to Michigan, our data show that Howell's latest annual appreciation rate is lower than 70% 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

$309,816

Howell, MI Home Prices
> $1,313,000
$985,001 - $1,313,000
$657,001 - $985,000
$526,001 - $657,000
$394,001 - $526,000
$263,001 - $394,000
$131,001 - $263,000
$65,001 - $131,000
$0 - $65,000
0.0%
0.0%
0.0%
0.0%
1.1%
1.1%
3.7%
3.7%
11.5%
11.5%
47.6%
47.6%
27.6%
27.6%
2.8%
2.8%
5.8%
5.8%
0% 100.0%
% of Homes
High

for Michigan

Average

for nation

Number of Homes And Apartments:

4,839

Howell Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,883 / per month

Homeownership Rate

Owners
Renters
45.8%
45.8%
54.2%
54.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.0%
3.0%
97.0%
97.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.1%
17.1%
42.6%
42.6%
20.5%
20.5%
19.7%
19.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
39.3%
39.3%
5.6%
5.6%
9.9%
9.9%
39.8%
39.8%
5.5%
5.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.1%
3.1%
20.7%
20.7%
37.3%
37.3%
27.9%
27.9%
8.7%
8.7%
2.2%
2.2%
0% 100.0%
% of Homes