There are currently 6,264 real estate properties in Houghton Lake, MI, with a median automated valuation model (AVM) price of $185,769.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Houghton Lake, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Houghton Lake, MI, is $254,157.00, with the most expensive house in Houghton Lake, MI, topping out at $8,818,300.00 and the cheapest home in Houghton Lake, MI, clocking in at $17,072.00. In other words, there’s something for every potential homebuyer or savvy investor in Houghton Lake, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Houghton Lake, MI, is on a rollercoaster ride. The average rent price in Houghton Lake, MI, is $1,284.00. Indeed, when looking to rent in Houghton Lake, MI, you can expect to pay as little as $620.00 or as much as $2,540.00, with the average rent median estimated to be $1,270.00. The good news is that finding an affordable and desirable property to rent in Houghton Lake, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Houghton Lake is located in Roscommon, Michigan, with an estimated municipal population of 3,350 residents. All of the best foreclosed homes for sale in Houghton Lake are located in the following zip code areas on Foreclosure.com: 48651 48630 48629. The estimated population per square kilometer (.62 miles) in Houghton Lake is 220.
So, about how much do homes cost in Houghton Lake? The most recent median value of resident-owned homes in Houghton Lake is 93,711. An estimated 62.5 percent of households in Houghton Lake own their homes, with an average family size of 2.77. The median household income in Houghton Lake is 28,816, with4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Houghton Lake, the median commute time of resident workers (in minutes) is 21.5. And last, but certainly not least, are you looking for homes to rent in Houghton Lake? If so, the average rent price paid by renters in Houghton Lake is 634, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Houghton Lake, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Houghton Lake is 55.7, split between 49.1 percent male versus 50.9 female. The percentage of residents who report being married in Houghton Lake is 45.4, with an average family size of 2.77.
The percentage of residents who report their race in Houghton Lake is as follows:
| White | 97.7% |
| Black / African American | 0% |
| Asian | 0% |
| American Indian / Alaskan Native | 0.5% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 1.4% |
| Other | 0.4% |
Looking for family-friendly neighborhoods in and/or near Houghton Lake? Or maybe you are searching for 55+ active adult communities in and/or near Houghton Lake?
The percentage of residents who report their age in Houghton Lake is as follows:
| Under 10 | 9.7% |
| Aged 10-19 | 8% |
| 20s | 5.9% |
| 30s | 10.7% |
| 40s | 9.7% |
| 50s | 13.7% |
| 60s | 21.3% |
| 70s | 10.8% |
| 80+ | 10.1% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Houghton Lake with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Houghton Lake.
How do you know that living in -- or moving to -- Houghton Lake is right where you need to be? Perhaps you grew up in Houghton Lake or already live nearby; therefore, the decision to buy a home in Houghton Lake is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Houghton Lake for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Houghton Lake:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Houghton Lake.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Houghton Lake can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Houghton Lake, meanwhile, can field multiple offers from more qualified buyers.
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