Above, you will see a summary of real estate in Houghton Lake, MI. On average, homes in Houghton Lake, MI cost $85,200, a value that is 33% lower than the average in Michigan. In general terms, this results in Houghton Lake, MI real estate being more affordable than Michigan real estate. On average, people who rent houses in Houghton Lake, MI pay $624; this value is 22% lower than the average amount renters pay in Michigan. 72.4% of Houghton Lake, MI residents own their own homes and, on average, each of the homes has 2.1 occupants. Houghton Lake, MI real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Houghton Lake, MI is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.