Houghton Lake, MI is a great place to live for those looking for an affordable housing option. The median house value in Houghton Lake is $164,500, which is significantly lower than the US median house value of $338,100. In addition to the affordability factor, Houghton Lake has seen an impressive 1 year house appreciation rate of 9.86%, outpacing the US average of 8.27%. With its low cost of living and increasing house values, it's no wonder that more and more people are choosing Houghton Lake as their next home destination.
The median home cost in Houghton Lake is $164,500. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Houghton Lake is up 15.7%.
Average Age of Homes
- The median age of Houghton Lake real estate is 52 years old
The Rental Market in Houghton Lake
- Renters make up 14.3% of the Houghton Lake population
- 0.0% of houses and apartments in Houghton Lake, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.