Honor Real Estate
7 active listings · 16 sold in the past 12mo
$359,000
Median List Price
16
Sold (past 12mo)
107
Avg Days on Market
-36.8%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(7)
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For Sale
1/32
$1,300,000
3154 Bancroft Road, Honor, MI 49640
3 bd2 ba2.75 ac
Single Family
For Sale
1/54
$825,000
7754 Woodland Drive, Honor, MI 49640
5 bd1 ba0.22 ac
Single Family
For Sale
1/33
$797,500
8735 Deadstream Road, Honor, MI 49640
2 bd1 ba0.15 ac
Single Family
For Sale
1/23
$359,000
12766 Oakley Road, Honor, MI 49640
3 bd2 ba2 ac
Single Family
For Sale
1/35
$349,000
11950 Honor Highway, Honor, MI 49640
5 bd2 ba3.30 ac
Single Family
Under Contract
1/28
$297,500
3056 Indian Hill, Honor, MI 49640
3 bd2 ba5 ac
Mfg Home
For Sale
1/22
$295,000
5328 Birch Trail, Honor, MI 49640
2 bd1 ba0.50 ac
Single Family
Recently Sold(16)
| Address | Sold Price | Date Sold |
|---|---|---|
| 7753 Woodland Drive, Honor, MI 49640 | $1,600,000 | May 28, 2026 |
| 6536 Indian Hill Road, Honor, MI 49640 | $585,000 | May 25, 2026 |
| 2400 Scenic Circle, Honor, MI 49640 | $395,000 | Apr 6, 2026 |
| 7203 Valley, Honor, MI 49640 | $650,000 | Mar 19, 2026 |
| 2544 Scenic Circle, Honor, MI 49640 | $475,000 | Mar 19, 2026 |
| 10978 Platte Street, Honor, MI 49640 | $151,000 | Feb 8, 2026 |
| 8124 Deadstream Road 7, Honor, MI 49640 | $270,000 | Jan 22, 2026 |
| 11241 Somers Lane, Honor, MI 49640 | $460,000 | Jan 19, 2026 |
| 2298 Ely Road, Honor, MI 49640 | $340,000 | Dec 22, 2025 |
| 2298 Ely Road, Honor, MI 49640 | $340,000 | Dec 22, 2025 |
| 2341 Ely Road, Honor, MI 49640 | $353,500 | Nov 18, 2025 |
| 2018 South Street, Honor, MI 49640 | $210,000 | Sep 14, 2025 |
| 4031 Birch Drive, Honor, MI 49640 | $1,680,000 | Sep 7, 2025 |
| 10616 Riverside Drive, Honor, MI 49640 | $178,000 | Aug 5, 2025 |
| 10884 Platte Street, Honor, MI 49640 | $287,500 | Jul 23, 2025 |
| 8469 Deadstream Road, Honor, MI 49640 | $250,000 | Jun 25, 2025 |
Frequently Asked Questions about Honor
How many homes are for sale in Honor?
Honor currently has 7 homes listed for sale. The median asking price is $359,000.
How much do homes cost in Honor?
The median sale price in Honor is $359,000, based on 16 closed sales over the past 12 months.
How long do homes stay on the market in Honor?
Homes in Honor sell in an average of 107 days, based on 16 sales over the past 12 months.
What schools are in Honor?
Honor is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of Honor may be zoned for different districts. Check individual listings for the specific school district assignment.
What are market conditions like in Honor?
With 5.3 months of inventory, Honor is currently a balanced market. This is based on 7 active listings and 16 sales in the past 12 months.
How much are property taxes in Honor?
Michigan property taxes in Honor are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.
What is the Household Formation Gap in Honor?
Per U.S. Census ACS data, Honor has a -36.8% Household Formation Gap over the past 15 years, indicating softening demographic demand. Population declined 43.1%, outpacing the effect of shrinking household sizes (2.09 to 1.88). HFG is a secondary market indicator — local conditions and other factors also influence housing demand.