Most Affordable ZIP Codes in Houghton, MI (2026)
The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 49934 | Hubbell, MI | $131,290 | $873 | 5.19% | 8.5% |
| 2 | 49913 | Laurium, MI | $143,767 | $873 | 4.74% | 5.5% |
| 3 | 49967 | Trout Creek, MI | $156,906 | $891 | 4.43% | 7.5% |
| 4 | 49963 | South Range, MI | $161,717 | $873 | 4.21% | 6.4% |
| 5 | 49958 | Pelkie, MI | $162,749 | $900 | 4.31% | 3.8% |
| 6 | 49922 | Dollar Bay, MI | $193,428 | $882 | 3.56% | 5.6% |
| 7 | 49805 | Allouez, MI | $200,406 | $873 | 3.40% | 8.3% |
| 8 | 49945 | Lake Linden, MI | $209,921 | $873 | 3.24% | 6.9% |
| 9 | 49905 | Atlantic Mine, MI | $219,629 | $1,026 | 3.64% | 5.0% |
| 10 | 49930 | Hancock, MI | $233,917 | $1,600 | 5.34% | 6.5% |
| 11 | 49950 | Mohawk, MI | $253,281 | $873 | 2.69% | 8.7% |
| 12 | 49931 | Houghton, MI | $277,174 | $1,300 | 3.66% | 6.1% |
| 13 | 49916 | Chassell, MI | $290,938 | $900 | 2.41% | 8.0% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Houghton, MI · Appreciation in Houghton, MI
Or see the full Houghton, MI metro profile.