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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Houghton, MI Housing Affordability Index

Houghton, Michigan has an MBR Housing Affordability Index score of 80.2 (Moderately Less Affordable) as of October 30, 2026, ranking 614th most affordable of 629 scored Michigan cities, compared with 108.6 statewide and 97.4 nationally. On a median-priced $254,500 home with 20% down, the Michigan average 30-year fixed rate of 7.31% means a monthly principal and interest payment of about $1,397, or 39% of the city’s $43,456 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Houghton is updated every night from live Michigan mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Houghton MBR-HAI 80.2 Moderately Less Affordable
Rank in Michigan 614 of 629 1 = most affordable
Michigan 108.6 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.31% Michigan lenders
Median home value $254,500 U.S. Census Bureau

Houghton is 28.4 points below the Michigan score. Scores as of October 30, 2026. See the Michigan index

View Houghton Mortgage Rates

What It Takes to Buy in Houghton

$1,397/mo
Principal & Interest
Median home, 20% down, 7.31%
$59,900
Income Needed
To keep the payment at 28% of income
$43,456
Median Household Income
Michigan: $72,875
5.9x
Price-to-Income Ratio
Michigan: 3.2x
$994/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$4,459/yr
Median Property Tax
1.75% of median value
11.2%
Owner Cost Burden
Owners spending 30%+ of income on housing
67.1%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Houghton, Michigan. The rate is the Michigan average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Houghton Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Houghton, Michigan score: 80.2 (Moderately Less Affordable), ranked 614 of 629 Michigan cities. monitorbankrates.com/housing-affordability-index/michigan/houghton”