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These days, finding an affordable place to live in the Houghton area can be challenging. Home prices in Houghton are now at a median cost of $233,512, lower than the Michigan average of $250,415.
The average cost of rent is $1,088/mo in Houghton, primarily driven by the current value of real estate in the Houghton area. In Houghton, 58.52% of households rent, and 45.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Houghton is $3,994 per month. Households that rent pay about 27.23% of their income on rent here. Houghton’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hancock, MI: less expensive homes
- Dodgeville, MI: equally priced homes
- Dollar Bay, MI: equally priced homes
- Atlantic Mine, MI: equally priced homes
- South Range, MI: less expensive homes
- Schmidt Corner, MI: higher priced homes
- Chassell, MI: less expensive homes
- Senter, MI: equally priced homes
- Trimountain, MI: less expensive homes
- Oskar, MI: higher priced homes
Cities with Similar Populations
- Indian Orchard, MA: equally priced homes
- Hudson, NC: less expensive homes
- Hughson, CA: higher priced homes
- Hull, MA: higher priced homes
- Huntingburg, IN: less expensive homes
- Huntington, VA: higher priced homes
- Hyrum, UT: higher priced homes
- Incline Village, NV: higher priced homes
- Independence, KS: less expensive homes
- Indian Harbour Beach, FL: higher priced homes
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