Market Overview
Home Prices in Houghton Lake, MI
The median home value in Houghton Lake, MI is $201,095 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Houghton Lake are priced51% below average.
Over the past five years, Houghton Lake home values have risen by approximately33.0%, reflecting strong long-term appreciation in this market.
Price History
Houghton Lake Home Price Trend
2020
$116,530
$117K
—
2021
$151,159
$151K
+29.7%
2022
$185,198
$185K
+22.5%
2023
$181,823
$182K
-1.8%
2024
$192,959
$193K
+6.1%
2025
$196,985
$197K
+2.1%
2026
$201,095
$201K
+2.1%
City Comparison
Houghton Lake vs. National Median
🏠 Houghton Lake
$201,095
National Median
$410,000
At $201,095, homes in Houghton Lake cost 51% below the national median of $410,000. This makes Houghton Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Houghton Lake?
20% Down Payment
$40,219
on $201,095
Monthly P&I
$1,049/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,332/mo
incl. taxes & insurance
Income Needed
$53,280
gross annual (30% rule)
10% Down Option
$20,110
+ PMI applies
Loan Amount (20% dn)
$160,876
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Houghton Lake, MI?
The median home value in Houghton Lake is $201,095 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Houghton Lake?
Over the past year, home values in Houghton Lake have increased by 2.1%. Over five years, prices have risen approximately 33.0%.
How much do I need to earn to buy a home in Houghton Lake?
To comfortably afford the median home price of $201,095 with a 20% down payment ($40,219) at today's rates (6.8%), you'd need a gross annual income of approximately $53,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Houghton Lake compare to the national average home price?
The national median home value is approximately $410,000. At $201,095, homes in Houghton Lake are 51% below the national average.