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Houghton Lake Community

Learn about the people, housing, costs and businesses in Houghton Lake Community, Michigan

Median Home$164,240
Median Rent$910/month
Population41,997
Leading IndustriesFinance & Insurance · Information & Media6% finance & insurance
Home Value Growth⬆⬆+13.2% over 2 years
Retirees25% of residentsabove average nationally
Homeowners77% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
NotableAffordable Market$164k median home · lower cost than 78% of the country
Houghton Lake Community
MI

Explore Houghton Lake Community

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Houghton Lake Community?›

As of today, the 30-year fixed mortgage rate for Houghton Lake Community is approximately 6.983% (7.025% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Houghton Lake Community
What is the median home price in Houghton Lake Community?›

The median home value in Houghton Lake Community is $164k. The median monthly rent is $910. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Houghton Lake Community?›

Home values in Houghton Lake Community have increased 13.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Houghton Lake Community?›

Based on a typical all-in ownership cost of $834/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Houghton Lake Community is $60k/year.

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What industries drive the economy in Houghton Lake Community?›

The largest employment sectors in Houghton Lake Community are public administration (23%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.