Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Houghton Lake area can be challenging. Home prices in Houghton Lake are now at a median cost of $141,811, lower than the Michigan average of $196,062.
The average cost of rent is $765/mo in Houghton Lake, primarily driven by the current value of real estate in the Houghton Lake area. While nearly 54.13% of residents own their homes outright in Houghton Lake, 21.96% rent.
Housing affordability isn’t just about home prices, though. The average household income in Houghton Lake is $3,628 per month. Households that rent pay about 21.08% of their income on rent here. Houghton Lake's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Houghton Lake Heights, MI: less expensive homes
- Prudenville, MI: equally priced homes
- Houghton Point, MI: equally priced homes
- Meads Landing, MI: less expensive homes
- Merritt, MI: less expensive homes
- Higgins Lake, MI: equally priced homes
- Roscommon, MI: less expensive homes
- Prosper, MI: less expensive homes
- Falmouth, MI: less expensive homes
- St. Helen, MI: less expensive homes
Cities with Similar Populations
- Smiths, AL: higher priced homes
- Shelbyville, IL: equally priced homes
- Sheldon, IA: higher priced homes
- Shepherd, TX: less expensive homes
- Silver Creek, GA: equally priced homes
- Silverthorne, CO: higher priced homes
- Simsbury, CT: higher priced homes
- Sisters, OR: higher priced homes
- Skaneateles, NY: higher priced homes
- Skillman, NJ: higher priced homes
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