Similar to other places in this area, it's a lot less expensive compared to the rest of the country. However compared to the city of Saginaw, it is substantially more expensive.
Home prices
The median home price in Houghton Lake is $88,500. This is is very similar compared to the surrounding areas.It is about $129,000 (59%) lower compared to the rest of the country, and compared to the city of Saginaw it is approximately $48,400 (120%) higher.
Rents
In Houghton Lake the median rent is $634 per month. Compared to the surrounding areas it is about $28 (4%) higher.In comparison to the entire country it is approximately $428 (40%) lower, and is approximately $100 (13%) lower compared to the city of Saginaw.
Nearby places
Prudenville
Prudenville is Houghton Lake's neighbor to the east. The real estate prices there are significantly more expensive. The median home cost in Prudenville is $147,200, which works out to $58,700 (39%) higher than Houghton Lake. Rents there are a bit more expensive. Prudenville's median rent is $856 a month, which comes out to $222 (25%) higher than Houghton Lake.
Roscommon
Roscommon is about 13 miles northeast from Houghton Lake. Real estate prices there are a lot less expensive. The median home in Roscommon is valued at $62,300, which comes out to $26,200 (42%) lower than Houghton Lake. The rent there is a little less expensive. In Roscommon the median monthly rent is $490, which is $144 (29%) lower than Houghton Lake.
St. Helen
St. Helen is roughly 14 miles east of Houghton Lake. Real estate prices there are a lot less expensive. The median home value in St. Helen is $57,400, which works out to $31,100 (54%) lower than Houghton Lake. Rent there is pretty similar. The median monthly rent in St. Helen is $610, which comes out to $24 (3%) lower than Houghton Lake.
Lake City
Lake City is roughly 18 miles west of Houghton Lake. Its real estate prices are a little more expensive. The median home in Lake City is valued at $94,500, which is $6,000 (6%) higher than Houghton Lake. The rent there is fairly similar. The median rent in Lake City is $613 per month, which works out to $21 (3%) lower than Houghton Lake.
Harrison
Harrison is approximately 18 miles south of Houghton Lake. The real estate prices there are a bit less expensive. Harrison's median home price is $81,300, which works out to $7,200 (8%) lower than Houghton Lake. Rent there is substantially less expensive. The median monthly rent in Harrison is $459, which works out to $175 (38%) lower than Houghton Lake.
