Foreclosures in Houghton, MI

Current Market Conditions in Houghton, MI

The real estate market in Houghton has seen a steady increase in activity, influenced by the presence of Michigan Tech and an influx of residents looking for recreational living. The demand for homes, especially those near the waterfront and in scenic neighborhoods, remains strong, as buyers are drawn to the area's natural beauty and vibrant community life.

Currently, the average home price in Houghton is experiencing a gradual rise, reflecting the area's appeal and the low inventory of available properties. Many homes are being sold within a few weeks of listing due to high demand, creating a competitive atmosphere for buyers.

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.