Houghton County, Michigan home prices
Typical home $196,480 · +7.6% in a year · property tax 1.16%
The typical home in Houghton County is worth $196,480, 26% less than the Michigan typical home ($263,760). Values changed +7.6% in the past year and +20.1% over five years. Homeowners here pay a median 1.16% of their home's value in property tax each year ($2,283 on the typical home), versus 1.17% statewide.
Mortgage on the typical Houghton County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $39,296 | $157,184 | $1,057 | $0 | $288 | $1,346 | $57,700 |
| 10% down | $19,648 | $176,832 | $1,190 | $74 | $288 | $1,552 | $66,500 |
| 5% down | $9,824 | $186,656 | $1,256 | $78 | $288 | $1,622 | $69,500 |
| 3.5% down (FHA) | $6,877 | $192,921 | $1,298 | $87 | $288 | $1,673 | $71,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.16% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Michigan · part of the Houghton metro area.
Michigan counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Chippewa County | $196,951 | +6.8% | 1.26% |
| Schoolcraft County | $195,805 | +10.0% | 0.99% |
| Genesee County | $195,727 | +4.1% | 1.36% |
| Alcona County | $194,373 | +8.1% | 0.82% |
| Alpena County | $193,096 | +8.5% | 1.06% |
| Osceola County | $200,793 | +6.4% | 1.02% |
| Roscommon County | $191,859 | +0.3% | 1.01% |
| Huron County | $201,120 | +4.9% | 1.19% |
| Sanilac County | $201,517 | +3.2% | 0.9% |
| Calhoun County | $190,006 | +3.2% | 1.45% |
Frequently asked questions
What is the average home price in Houghton County, MI?
The typical home value in Houghton County is $196,480 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Houghton County?
About $57,700 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Houghton County?
The median effective rate is 1.16% of home value a year (Census ACS 2024 5-year estimates).