Median Home Value
$159,900
Median Gross Rent
$840/mo
Homeownership Rate
71.8%
Rent as Share of Income
17.1%
Vacancy Rate
24.2%
Median Year Built
1960
Home Price Index (FHFA)
Home prices in Houghton County have risen 420% since 1985, per FHFA's index.
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Index value, not a dollar figure — shows relative appreciation over time. Source: Federal Housing Finance Agency.
HUD Fair Market Rent (2026)
Studio
$795
1 Bedroom
$800
2 Bedroom
$973
3 Bedroom
$1,353
4 Bedroom
$1,632
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024; HUD Fair Market Rents 2026.