Rent in Hancock, MI
A 2-bedroom in Hancock, MI (ZIP 49930) typically rents for about $867 a month, with a range of $867–$1,033. Owner-occupied homes in Houghton County pay about 1.16% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $801 | $801 | 1 |
| 1 bed | $657 | $657–$806 | 1 |
| 2 beds | $867 | $867–$1,033 | 1 |
| 3 beds | $1,185 | $1,185–$1,430 | 1 |
| 4 beds | $1,727 | $1,727 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Hancock ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Hancock, MI?
- About $867 a month: the median of the typical rents in 1 ZIP code, which range from $867–$1,033. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Hancock, MI?
- About $657 a month: the median of the typical rents in 1 ZIP code, which range from $657–$806. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Hancock, MI?
- About $1,185 a month: the median of the typical rents in 1 ZIP code, which range from $1,185–$1,430. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Hancock, MI?
- About $801 a month: the median of the typical rents in 1 ZIP code, which range from $801. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Hancock, MI?
- About $1,727 a month: the median of the typical rents in 1 ZIP code, which range from $1,727. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Hancock, MI?
- Owner-occupied homes in Houghton County pay a typical 1.16% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Hancock rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).