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Houghton city, MI

ZIP 49931 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49931

Median Home Value
$221,200
Median Rent
$795
Affordability Snapshot
$61,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,421/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.7x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

23.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 49931 in Houghton city, MI, a household would need roughly $61,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,421. That is about 29% above the local median household income ($47,279), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
44.6%-32% vs US avg
x
Vacancy Rate
12.2%+19% vs US avg
x
Broadband Access
82.5%-5% vs US avg
x
4+ Bedrooms
4.1%-72% vs US avg
x
Built Pre-1939
3.6%-72% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
32.4%-35% vs US avg
x
Mortgage-Free
47.4%+24% vs US avg
x
$221,200
Home Value
$795
Rent
1975
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached55.6%
  • 1-unit attached2.4%
  • 2-9 units19.8%
  • 10+ units20.2%
  • Mobile home & other2.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$221,200
Median rent$795
Owner-occupied44.6%
Vacant12.2%
Price-to-income4.7x
Est. income to buy$61,000