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 1,881 people, 705 houses or apartments, and a median cost of homes of $280,208, Howard City real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Howard City, accounting for 56.56% of the village's housing units. Other types of housing that are prevalent in Howard City include mobile homes or trailers ( 24.64%), duplexes, homes converted to apartments or other small apartment buildings ( 9.67%), and a few large apartment complexes or high rise apartments ( 8.74%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Howard City. Owner-occupied housing accounts for 67.55% of Howard City's homes, and 65.96% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Howard City 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 Howard City built between 2000 and later ( 21.19%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.63%). There's also some housing in Howard City built before 1939 ( 14.30%).
In the last 10 years, Howard City has experienced some of the highest home appreciation rates of any community in the nation. Howard City real estate appreciated 160.41% over the last ten years, which is an average annual home appreciation rate of 10.04%, putting Howard City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Howard City 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, Howard City's appreciation rate, at 6.90%, has been at or slightly above the national average. In the latest quarter, Howard City's appreciation rate has been 3.40%, which annualizes to a rate of 14.32%.
Importantly, this makes Howard City one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.
Relative to Michigan, our data show that Howard City's latest annual appreciation rate is higher than 50% of the other cities and towns in Michigan.
$280,208
for Michigan
for nation
705
$1,383 / per month