Housing in Houghton, MI is quite reasonable compared to the US House Median Value of $338,100. The Median Value for houses in Houghton is $172,600, which is almost half of the national average. Furthermore, the 1 year appreciation rate for houses in Houghton is 12.24%, which is significantly higher than the US average of 8.27%. This means that over a one-year period, housing values in Houghton increased by 12.24%, making it an ideal place for potential investors looking to purchase real estate and increase their wealth.
The median home cost in Houghton is $172,600. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Houghton is up 18.2%.
Average Age of Homes
- The median age of Houghton real estate is 46 years old
The Rental Market in Houghton
- Renters make up 55.4% of the Houghton population
- 1.7% of houses and apartments in Houghton, 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.