Commercial Real Estate Market in Houghton, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
22 active listings and 568 off-market properties in Houghton, MI.
Market Trends
Houghton, MI spans 26.8 square miles in Houghton County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Houghton, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Houghton, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Houghton, 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, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 46.9%
- Commercial 16%
- Industrial 5.4%
- Mixed use 0.6%
Largest Zones share of zoned land by district
One Family Residential District
Reserve District
General Business District
Industrial District
Multiple Family Residential District
One Family Residential District (R-1)
The R-1 single-family residential district is designed to provide for an environment of predominantly single-family detached dwellings along with other residentially related facilities which serve the residents in the district.
Market overview
Demographics & Economy
Houghton, MI has 10,650 residents in 3,639 households. Density runs 397 people per square mile. Median household income here is $47,279 and median gross rent $853 a month.
10,650
Population
3,639
Households
2.9
Avg Household Size
25
Median Age
59%
College-Educated
96%
High-School Grad
26.8 sq mi
ZIP Area
397
Density / Sq Mi
$47,279
Median Household Income
$12,344
Median Earnings
$853
Median Rent
$221,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Atlantic Mine | — | — |
| Hancock | — | — |
| Ripley | — | — |
| South Range | — | — |
Commercial property in Houghton, MI asks $701/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Houghton?
Commercial property in Houghton, MI asks an average of $701 per square foot.
Where does Realmo's Houghton market data come from?
Realmo compiles Houghton, MI figures from 21 active sale listings, 1 active lease listings, 568 tracked off-market properties, the current Houghton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 1 active for-lease listings in Houghton, 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.
- Zoning and land use
- The current municipal zoning release: 2,842 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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
