Commercial Real Estate Market in Houghton Lake, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
109 active listings and 764 off-market properties in Houghton Lake, MI. Commercial property asks $154/SF to buy and $17.15/SF/Yr to lease.
Market Trends
Houghton Lake, MI spans 77.5 square miles in Roscommon County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Houghton Lake, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Houghton Lake, MI asks $75/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Houghton Lake, MI runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Houghton Lake, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Houghton Lake, MI has 7,420 residents in 7,248 households. Density runs 96 people per square mile. Median household income here is $54,622 and median gross rent $784 a month.
7,420
Population
7,248
Households
1
Avg Household Size
56
Median Age
18%
College-Educated
90%
High-School Grad
77.5 sq mi
ZIP Area
96
Density / Sq Mi
$54,622
Median Household Income
$33,544
Median Earnings
$784
Median Rent
$142,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Houghtn Lake Ht | — | — |
| Prudenville | — | — |
| Merritt | — | — |
| Higgins Lake | — | — |
Commercial property in Houghton Lake, MI asks $154/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Houghton Lake?
Commercial property in Houghton Lake, MI asks an average of $154 per square foot. Retail carries the highest asking price at $75/SF.
How much does it cost to lease commercial space in Houghton Lake?
Asking lease rates in Houghton Lake, MI average $17.15 per square foot per year.
Where does Realmo's Houghton Lake market data come from?
Realmo compiles Houghton Lake, MI figures from 7 recent recorded sales, 104 active sale listings, 5 active lease listings, 764 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 104 active for-sale and 5 active for-lease listings in Houghton Lake, MI. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
