Housing in 49931 Houghton, MI is much more affordable than the US median value of $338,100. As of right now, the median value of housing in 49931 Houghton, MI is $194,700. This is nearly half the cost of the US median value. Additionally, house appreciation in 49931 Houghton, MI has been far higher than that of the US as a whole. In just one year, housing in 49931 Houghton has appreciated 12.24%, compared to 8.27% nationally. Therefore, this area may be an attractive place for those looking for an affordable home that can appreciate quickly.
The median home cost in Houghton (zip 49931) is $194,700. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Houghton (zip 49931) is up 18.2%.
Average Age of Homes
- The median age of Houghton (zip 49931) real estate is 44 years old
The Rental Market in Houghton (zip 49931)
- Renters make up 47.6% of the Houghton (zip 49931) population
- 1.4% of houses and apartments in Houghton (zip 49931), 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.