Commercial Real Estate Market in Hubbell, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 51 off-market properties in Hubbell, MI.
Market Trends
Hubbell, MI spans 1.3 square miles in Houghton County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hubbell, 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 Hubbell, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hubbell, 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 Hubbell, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Hubbell, MI has 862 residents in 573 households. Density runs 672 people per square mile. Median household income here is $48,563 and median gross rent $784 a month.
862
Population
573
Households
1.5
Avg Household Size
48
Median Age
18%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
672
Density / Sq Mi
$48,563
Median Household Income
$36,563
Median Earnings
$784
Median Rent
$81,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dollar Bay | — | — |
| Calumet | — | — |
| Ripley | — | — |
| Hancock | — | — |
Commercial property in Hubbell, MI asks $133/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hubbell?
Commercial property in Hubbell, MI asks an average of $133 per square foot.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Hubbell, 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
