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Howell city, MI

ZIP 48855 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48855

Median Home Value
$317,200
Median Rent
$1,247
Affordability Snapshot
$87,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,038/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 48855 in Howell city, MI, a household would need roughly $87,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,038. That sits below the local median household income ($104,552), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
88.8%+36% vs US avg
x
Vacancy Rate
3.9%-62% vs US avg
x
Broadband Access
92.0%+6% vs US avg
x
4+ Bedrooms
4.5%-70% vs US avg
x
Built Pre-1939
2.4%-81% vs US avg
x
Built Post-2014
2.4%-65% vs US avg
x
Rent Burden >30%
16.6%-67% vs US avg
x
Mortgage-Free
25.2%-34% vs US avg
x
$317,200
Home Value
$1,247
Rent
1994
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached81.8%
  • 1-unit attached5.4%
  • 2-9 units6.5%
  • 10+ units4.4%
  • Mobile home & other2.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$317,200
Median rent$1,247
Owner-occupied88.8%
Vacant3.9%
Price-to-income3.0x
Est. income to buy$87,000