Houghton, MI Metro Area - Investment Guide
Metro Area • 14 Cities • 14 ZIP Codes
Avg Home Value
$208,343
Avg Monthly Rent
$972
Avg Cap Rate
3.80%
Avg Investability
2.9 ★
Cities
14
ZIP Codes
14
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
☀️
WARM MARKET
Houghton, MI Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
9.9%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Houghton, MI
Every ZIP in the metro, ranked four ways. Free.
Cities in Houghton, MI
Allouez
Michigan
1 ZIPs
Atlantic Mine
Michigan
1 ZIPs
Chassell
Michigan
1 ZIPs
Copper Harbor
Michigan
1 ZIPs
Dollar Bay
Michigan
1 ZIPs
Hancock
Michigan
1 ZIPs
Houghton
Michigan
1 ZIPs
Hubbell
Michigan
1 ZIPs
Lake Linden
Michigan
1 ZIPs
Laurium
Michigan
1 ZIPs
Mohawk
Michigan
1 ZIPs
Pelkie
Michigan
1 ZIPs
South Range
Michigan
1 ZIPs
Trout Creek
Michigan
1 ZIPs
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 49934 | Hubbell | MI | $128,928 | $873 | 5.28% | |
| 49934 | Hubbell | MI | $129,866 | $873 | 5.24% | |
| 49931 | Houghton | MI | $261,484 | $1,300 | 3.88% | |
| 49958 | Pelkie | MI | $162,749 | $900 | 4.31% | |
| 49913 | Laurium | MI | $142,955 | $873 | 4.76% | |
| 49916 | Chassell | MI | $283,349 | $900 | 2.48% | |
| 49963 | South Range | MI | $161,717 | $873 | 4.21% | |
| 49967 | Trout Creek | MI | $156,906 | $891 | 4.43% | |
| 49945 | Lake Linden | MI | $187,130 | $873 | 3.64% | |
| 49805 | Allouez | MI | $174,848 | $873 | 3.89% | |
| 49905 | Atlantic Mine | MI | $193,695 | $1,026 | 4.13% | |
| 49922 | Dollar Bay | MI | $186,140 | $882 | 3.70% | |
| 49950 | Mohawk | MI | $221,193 | $873 | 3.08% | |
| 49958 | Pelkie | MI | $156,277 | $900 | 4.49% | |
| 49913 | Laurium | MI | $123,092 | $873 | 5.53% | |
| 49930 | Hancock | MI | $234,241 | $1,600 | 5.33% | |
| 49931 | Houghton | MI | $276,997 | $1,300 | 3.66% | |
| 49963 | South Range | MI | $154,975 | $873 | 4.39% | |
| 49916 | Chassell | MI | $248,136 | $900 | 2.83% | |
| 49934 | Hubbell | MI | $131,073 | $873 | 5.20% | |
| 49967 | Trout Creek | MI | $140,710 | $891 | 4.94% | |
| 49805 | Allouez | MI | $193,546 | $873 | 3.52% | |
| 49922 | Dollar Bay | MI | $162,995 | $882 | 4.22% | |
| 49945 | Lake Linden | MI | $205,850 | $873 | 3.31% | |
| 49950 | Mohawk | MI | $247,049 | $873 | 2.76% | |
| 49905 | Atlantic Mine | MI | $220,481 | $1,026 | 3.63% | |
| 49930 | Hancock | MI | $211,572 | $873 | 3.22% | |
| 49931 | Houghton | MI | $258,872 | $1,300 | 3.92% | |
| 49958 | Pelkie | MI | $157,816 | $900 | 4.45% | |
| 49913 | Laurium | MI | $133,305 | $873 | 5.11% | |
| 49934 | Hubbell | MI | $116,234 | $873 | 5.86% | |
| 49963 | South Range | MI | $163,245 | $873 | 4.17% | |
| 49916 | Chassell | MI | $279,830 | $900 | 2.51% | |
| 49945 | Lake Linden | MI | $182,642 | $873 | 3.73% | |
| 49805 | Allouez | MI | $174,848 | $873 | 3.89% | |
| 49967 | Trout Creek | MI | $149,111 | $891 | 4.66% | |
| 49905 | Atlantic Mine | MI | $193,695 | $1,026 | 4.13% | |
| 49922 | Dollar Bay | MI | $180,578 | $882 | 3.81% | |
| 49950 | Mohawk | MI | $215,736 | $873 | 3.16% | |
| 49958 | Pelkie | MI | $135,397 | $900 | 5.18% | |
| 49913 | Laurium | MI | $123,092 | $873 | 5.53% | |
| 49930 | Hancock | MI | $229,444 | $1,600 | 5.44% | |
| 49931 | Houghton | MI | $275,410 | $1,300 | 3.68% | |
| 49963 | South Range | MI | $141,408 | $873 | 4.82% | |
| 49916 | Chassell | MI | $248,136 | $900 | 2.83% | |
| 49967 | Trout Creek | MI | $125,860 | $891 | 5.52% | |
| 49805 | Allouez | MI | $191,900 | $873 | 3.55% | |
| 49922 | Dollar Bay | MI | $162,995 | $882 | 4.22% | |
| 49945 | Lake Linden | MI | $202,335 | $873 | 3.37% | |
| 49950 | Mohawk | MI | $238,960 | $873 | 2.85% |
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About Houghton, MI Real Estate Market
The Houghton, MI metropolitan statistical area (MSA) encompasses 14 cities and 14 ZIP codes. The average home value across the metro is $208,343, with an average monthly rent of $972. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.