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Houghton, MI

Houghton, Michigan is a small town with approximately 8,000 residents. Young adults (15-24) will find plenty of opportunities, as they account for a larger portion of the population here (51%) than nationally (14%), while middle-aged professionals account for a smaller percentage of the town. With an average age of just under 31, the town's population is notably younger than most cities in Michigan, ranking as the sixth-youngest municipality in the state. By a slim 55%-46% margin, renters hold a slight majority over homeowners in Houghton. At $913 a month, the average rent is roughly on par with the state average.

Compared to the national average (7%), Houghton has a relatively high concentration of residents over the age of 25 with advanced degrees, as 9% have earned a Master's degree or a Doctorate. Furthermore, 9% have a Bachelor's degree. Many Houghton residents work in one of two industries: education and entertainment. Together, these industries account for 21% of the town's labor force. With an average annual income of almost $50,000, Houghton workers take home around $12,000 less than their peers elsewhere in Michigan. Houghton's average income also trails the national average of $73,345.

Houghton's average commute time ranks as one of the best in Michigan at about 13 minutes, 3rd-quickest in the state. Many residents (28%) drive themselves to work, while public transportation isn't used widely. Relatively few commuters (12%) walk to work, though the number is much greater than the national average.

Average Rent in Houghton

Studio1 Bed2 Bed3 Bed
Dec 19$600$1,600
Oct 195001,600
Sep 195001,600
Aug 195001,600
Jun 195001,600
May 195001,600
Apr 191,600
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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