Houghton County, Michigan Housing Market
In Houghton County, Michigan, the median home value is $159,900, with a median monthly rent of $840. This places Houghton County at #2018 nationally out of 3134 counties by median home value, and #58 within Michigan.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $977
- Establishments: 915
- BLS QCEW, 2025
Housing Supply
- Single-family: 119
- Multi-family: 51
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 13,332 (avg $67,277)
- Outflow: 12,370 (avg $67,146)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Houghton County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 49913 | 290.6 | -1.41% | 2025 |
| 2 | 49930 | 289.5 | +4.56% | 2025 |
| 3 | 49931 | 287.7 | +7.26% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
🔗 Explore Houghton County on Our Sister Sites
Get the complete picture for Houghton County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Houghton County Compares
| Metric | Houghton County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $159,900 | $197,292 | $227,706 |
| Median Gross Rent | $840 | $905 | $968 |
| Owner Occupancy Rate | 71.8% | 80.2% | 73.3% |
| Price/Rent Ratio | 15.9 | 17.9 | 18.7 |
Market Analysis
The median home value in Houghton County is 19.0% below the Michigan state average and 29.8% below the U.S. national average. The median rent of $840/month is 7.2% below the state average.
With a price-to-rent ratio of 15.9, the buy-vs-rent decision in Houghton County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Houghton County has an owner-occupancy rate of 71.8%, compared to 80.2% in Michigan and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Hinds County | Mississippi | $159,900 | $1,061 |
| Claiborne County | Tennessee | $159,900 | $745 |
| Scott County | Kansas | $160,000 | $685 |
| Pendleton County | Kentucky | $159,800 | $793 |
| Murray County | Oklahoma | $159,800 | $881 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Roscommon County | $158,700 | $816 | 85.4% |
| Montmorency County | $158,600 | $686 | 87.9% |
| Chippewa County | $161,900 | $797 | 75.0% |
| Gladwin County | $162,300 | $690 | 86.1% |
| Branch County | $162,500 | $959 | 77.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).