Foreclosure Homes in Houghton, MI

Current Market Conditions in Houghton, MI

Currently, the Houghton real estate market is seeing steady activity as more young families and university staff look for housing in the area. The small-town charm combined with proximity to outdoor recreation and academic institutions makes it an attractive market for both buyers and renters. Homes are selling slightly faster than they did last year, indicating a vibrant interest in the region.

The average home price has remained stable over the past few months, but with the influx of buyers, there can be competitive bidding on well-located properties. This market trend suggests a healthy demand for homes, reflecting the increasing value of the area's real estate.

Rent Prices In Houghton, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Houghton, MI, is on a rollercoaster ride. The average rent price in Houghton, MI, is $1,549.00. Indeed, when looking to rent in Houghton, MI, you can expect to pay as little as $820.00 or as much as $2,400.00, with the average rent median estimated to be $1,510.00. The good news is that finding an affordable and desirable property to rent in Houghton, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.