Home Insurance in Houghton, Michigan
The median home value in Houghton is $254,500, 59% higher than the Houghton County median.
The typical home in Houghton was built around 1977. About 23% of homes were built before 1960, about 27 points below Houghton County's 50%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Housing in Houghton breaks down to 49% single-family homes, 35% apartments in buildings with 5+ units and 1% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
55% of owner-occupied homes in Houghton carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 37% of occupied homes in Houghton are owner-occupied. The vacancy rate is 8%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Houghton - 73% - are primarily heated with natural gas. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Houghton County's top FEMA-rated hazard is winter weather (Relatively High), per FEMA's National Risk Index. Houghton County had 9 active NFIP flood policies as of September 2026. See the full Houghton County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Michigan, the statewide average premium for a standard HO-3 homeowners policy is $1,110 per year (NAIC, 2023 data).
Key figures
| Median home value | $254,500 |
|---|---|
| Median year built | 1977 |
| Owner-occupied share | 37% |
| Share of owner-occupied homes with a mortgage | 55% |
| Top county hazard | Winter Weather (Relatively High) |
| Active NFIP policies in Houghton County | 9 |
| Home insurance premium | $1,110 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)