Real Estate Investing in Houghton, Michigan

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 10,229 • Houghton County

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Should you buy in Houghton, MI? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (51/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • Elevated vacancy: 10.4% vacancy may signal weakening demand.
  • Lower household income: $38,750 median — tenant affordability is tighter.

What’s happening in Houghton, MI?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.1% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $277,174
Avg Monthly Rent $1,300
ZIP Codes 1

Investing in Houghton Real Estate

Houghton in Michigan is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Houghton is in that category.

Market conditions in Houghton are underwhelming. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

Distressed-leaning demographics in Houghton — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Houghton, MI

Houghton is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Houghton, MI. Anonymous, moderated, never written by AI.

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Avg Home Value
$277,174
Avg Monthly Rent
$1,300
1% Rule
✗ Below
Landlord Friendly (MI)

📉 Market Crash Risk Index

Based on Houghton, MI metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
0%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Houghton, MI metro
0
Days to pending
9.9%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

🎓 Colleges & Universities in Houghton

1 College 7,313 Students
B
Michigan Technological University
4-Year Public · 7,313 students

ZIP Codes in Houghton, MI

Screen every ZIP in Houghton

Filter Houghton’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Houghton, MI

What is the average monthly rent in Houghton, MI?

Expect rents around $1,300/mo per month in Houghton, MI. With home values at $277K, the yield math works out to reasonable levels for rental investors.

How much should I expect to pay for a home in Houghton, MI?

Expect median prices around $277K in Houghton, MI. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.

How does Houghton, MI stack up for property investment?

Yes - Houghton, MI a 3.0/5 investability score. With $277K home prices against $1,300/mo monthly rent, the market delivers a reasonable entry point for new investors.

Is Houghton, MI better for rentals, flips, or BRRRR?

For Houghton, MI, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.

Do rentals sit vacant long in Houghton, MI?

Expect elevated vacancy in Houghton, MI. Rents at $1,300/mo are absorbed by the tenant base without meaningful lag.

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