Houghton Lake, MI Real Estate
According to census data in the year 2000 there were 3,073 housing units in Houghton Lake.
This represents a 11.2% growth from 2,764 in 1990.
Of those housing units, 2,950 were located in either urbanized areas or urban clusters, and 123 were located in what is classified as a rural area.
Homeownership rate in Houghton Lake is about 76.6%.
Houghton Lake's vacancy rate, including seasonal lodging, is about 46.3%.
Average household size is 2.23 people.
The majority of houses, apartments or condos in Houghton Lake were built after 1966.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 12.10% |
| Two Bedrooms | 50.30% |
| Three Bedrooms | 30.20% |
| Four Bedrooms | 5.60% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.23 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $71,800 |
| Median Price asked for vacant units | $77,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.2 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $400 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.20% |
| Home Equity Loan | 3.80% |
| Simple Mortgage | 45.40% |
| Debt Free | 49.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.1% |
