Rental numbers for the Houghton, MI metro
The typical home here runs -$443 a month at 7.78% with 25% down, breaking even at about 3.1%.
- Gross yield
- 7.6%
- typical home, Zillow
- Median ZIP yield
- n/a
- 0 ZIPs with full data
- Cash flow
- -$443/mo
- at 7.78%, 25% down
- Typical price
- $203,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,285/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
14 with published figures
| 49934Hubbell | $135,000 | $970* | 8.6% | 4.2% | -$253 | n/a |
| 49913Laurium | $147,000 | $970* | 7.9% | 4.0% | -$309 | n/a |
| 49967Trout Creek | $156,000 | $990* | 7.6% | 3.4% | -$394 | n/a |
| 49958Pelkie | $164,000 | $1,000* | 7.3% | 3.7% | -$376 | n/a |
| 49963South Range | $166,000 | $970* | 7.0% | 2.7% | -$522 | n/a |
| 49922Dollar Bay | $191,000 | $980* | 6.2% | 2.6% | -$609 | n/a |
| 49905Atlantic Mine | $226,000 | $1,140* | 6.0% | 2.6% | -$730 | n/a |
| 49805Allouez | $202,000 | $970* | 5.8% | 2.1% | -$727 | n/a |
| 49945Lake Linden | $213,000 | $970* | 5.5% | 2.0% | -$802 | n/a |
| 49930Hancock | $235,000 | $970* | 5.0% | 1.5% | -$976 | n/a |
| 49931Houghton | $279,000 | $1,120* | 4.8% | 1.3% | -$1,202 | n/a |
| 49950Mohawk | $252,000 | $970* | 4.6% | 1.7% | -$1,001 | n/a |
| 49918Copper Harbor | $280,000 | $970* | 4.2% | 1.2% | -$1,222 | n/a |
| 49916Chassell | $292,000 | $1,000* | 4.1% | 1.1% | -$1,311 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +8.1%
- Rent, 12 months
- n/a
- Rent minus price growth
- n/a
- Property tax
- 1.14%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $164,512 | n/a |
| Aug 2022 | $177,756 | n/a |
| Aug 2023 | $182,368 | n/a |
| Aug 2024 | $185,034 | n/a |
| Aug 2025 | $187,574 | n/a |
| Aug 2026 | $202,817 | $1,285 |
Counties
- Keweenaw County, MIn/a median yield
- Houghton County, MIn/a median yield
Tools
Questions
- Is the Houghton, MI metro good for rental property?
- The typical home here runs -$443 a month at 7.78% with 25% down, breaking even at about 3.1%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Houghton, MI metro have the highest rental yield?
- , on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.