Total monthly cost of ownership
Cost to Own a Home in Howell, Michigan
A $241,000 home here costs
$2,021per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,239. The real number is $782 higher every month — 63% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Howell against Livingston County and Michigan
| Measure | Howell | Livingston County |
|---|---|---|
| Median home value | $240,700 | $331,100 |
| Median property tax | $2,701 | $3,269 |
| Effective tax rate | 1.122% | 0.987% |
| Median gross rent | $1,121 | $1,236 |
| Population | 10,074 | 195,143 |
The weather behind that power bill
Howell sits in Livingston County, which averages a high of 83.2°F in its hottest month and a low of 14.4°F in its coldest, with 33.13" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 542 cooling and 6,885 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Livingston County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Livingston County
Full Livingston County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Howell?
A $241,000 home in Howell, Michigan costs approximately $2,021 per month with 20% down at 6.66%. That is $1,239 principal and interest, $225 property tax, $90 homeowners insurance, $266 utilities and $201 set aside for maintenance.
What is the property tax rate in Howell?
Howell has an effective property tax rate of 1.122%, based on a median home value of $240,700 and median real estate taxes of $2,701. That is higher than the Livingston County average of 0.987%.
What is the average home price in Howell?
The median owner-occupied home value in Howell, Michigan is $240,700, against $331,100 across Livingston County.
Is it cheaper to rent or buy in Howell?
Median gross rent in Howell is $1,121 a month, against $2,021 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Howell — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Michigan.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.