Low Income Apartments and Affordable Housing For Rent in Houghton County, MI

Discover affordable housing in Houghton County where there are 10+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Hancock Apartments

802 Ingot, Hancock, Michigan 49930

Rangetowne Apartments

61 and 63 Stanton Avenue, South Range, Michigan 49963

Golden Horizons

57395 Mine St, Calumet, Michigan 49913

Oak House

19631 Sampson St, Hancock, Michigan 49930

Lakeview Manor

1401 W Quincy St, Hancock, Michigan 49930

Laurium Senior Citizens

125 Lake Linden Ave, Laurium, Michigan 49913

Creamery Kourts

22004 7th St, Chassell, Michigan 49916

Cedar Park Senior Housing

474 N Cedar St, Schoolcraft, Michigan 49087

Rustic Meadows

343 Front St, Lake Linden, Michigan 49945

Park Avenue Apartments

1 Park Ave, Calumet, Michigan 49913

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Houghton County, Michigan
$17.14/hour
$6.81 (+66%) more than Michigan minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Houghton County, Michigan Affordable Housing ↓

How many renters live in Houghton County, Michigan?

The County of Houghton County has 37,414 people living in 14,173 households.

There are 8,489 renters living in 4,395 renter households in this County. Renters make up 22.69 percent of the population living in Houghton County.

What is the rental market like in Houghton County, Michigan?

There are an estimated 18,687 housing units in the Houghton County area. Of these, 4,627 units are rental homes, making up 25 percent of the housing market. For every renter household in Houghton County, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in Houghton County?

The rental vacancy rate in Houghton County is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Houghton County for each bedroom size?

Occupied Rental Units by Size in Houghton County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
310 1,335 1,459 988 268
Occupied Rental Units by Size in Houghton County

A large number of apartments in Houghton County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Houghton County are overburdened by housing costs?

Among renter households in this market, 48 percent have housing cost burden. Further, 27 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Houghton County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $710 to $1,536. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $710
One BR $758
Two BR $905
Three BR $1,275
Four BR $1,536
2024 Fair Market Rents in Houghton County, Michigan

How many units are rented at Fair Market Rent (FMR) in Houghton County?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 122 39 percent
One BR 991 74 percent
Two BR 925 63 percent
Rental Units Below FMR in Houghton County, Michigan

How many affordable rental units are in Houghton County?

There are a variety of federal affordable housing programs serving households in Houghton County, Michigan including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 116
Public Housing 354
Section 8 Project-Based Rental Assistance 176
USDA Section 515 Rural Rental Housing 184
Tracked Units by Federal Program in Houghton County, Michigan

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Houghton County, Michigan

Houghton County features 423 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Houghton County, Michigan

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Houghton County.

Housing Choice Vouchers in Houghton County, Michigan

On average, Section 8 Housing Choice vouchers pay Houghton County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Houghton County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Houghton County, Michigan for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.