Is Houghton Lake, MI a good place to invest in rental property?

Houghton Lake, MI has a median modeled monthly cash flow of $-506 and a median cap rate of 3.6%, on a median sold price of $178,250. Prices changed +7.1% year over year.

What is the average cap rate in Houghton Lake, MI?

The median cap rate across recently sold homes in Houghton Lake, MI is 3.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Houghton Lake, MI?

The median sold price in Houghton Lake, MI is $178,250 (about $167 per square foot).

Investing in Houghton Lake, MI Real Estate

A data-driven snapshot of the Houghton Lake, MI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$178,250Median sold price

$167Median $/sqft

3.6%Median cap rate

$-506Modeled cash flow / mo

+7.1%Appreciation YoY

0.7Months of supply

19Active listings

324Sold (last 12 mo)

What the Houghton Lake numbers say

In Houghton Lake, MI, the median home sold for $178,250 (about $167 per square foot), and the typical deal models out to a 3.6% cap rate with a median $-506 of monthly cash flow. Sold prices moved +7.1% over the past year. Inventory sits at about 0.7 months of supply — a tight, seller-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Michigan markets to compare

See Houghton Lake cash-flowing listings

CashFlowRE ranks every for-sale home in Houghton Lake, MI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Houghton Lake deals, or browse the national market data.