Houghton, MI Real Estate
According to census data in the year 2000 there were 2,192 housing units in Houghton.
This represents a 3.3% growth from 2,121 in 1990.
Of those housing units, 2,139 were located in either urbanized areas or urban clusters, and 53 were located in what is classified as a rural area.
Homeownership rate in Houghton is about 35.8%.
Houghton's vacancy rate, including seasonal lodging, is about 4.8%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in Houghton were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.20% |
| One Bedroom | 27.30% |
| Two Bedrooms | 24.20% |
| Three Bedrooms | 22.40% |
| Four Bedrooms | 13.70% |
| Five Bedrooms or more | 8.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $92,700 |
| Median Price asked for vacant units | $140,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.28 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $400 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.40% |
| Home Equity Loan | 10.50% |
| Simple Mortgage | 43.20% |
| Debt Free | 43% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.9% |
