Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Calumet area can be challenging. Home prices in Calumet are now at a median cost of $71,324, lower than the Michigan average of $196,062.
The average cost of rent is $653/mo in Calumet, primarily driven by the current value of real estate in the Calumet area. While nearly 61.02% of residents own their homes outright in Calumet, 23.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in Calumet is $3,735 per month. Households that rent pay about 17.49% of their income on rent here. Calumet's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Laurium, MI: higher priced homes
- Swedetown, MI: less expensive homes
- Osceola, MI: higher priced homes
- Kearsarge, MI: equally priced homes
- Centennial Heights, MI: higher priced homes
- Phillipsville, MI: higher priced homes
- Tamarack, MI: higher priced homes
- Copper City, MI: higher priced homes
- Bumbletown, MI: higher priced homes
- Hubbell, MI: equally priced homes
Cities with Similar Populations
- Clifton Forge, VA: higher priced homes
- Cle Elum, WA: higher priced homes
- Clear Lake, MN: higher priced homes
- Clear Spring, MD: higher priced homes
- Moosup, CT: higher priced homes
- Scott City, KS: higher priced homes
- Morganfield, KY: higher priced homes
- Science Hill, KY: higher priced homes
- Schulenburg, TX: higher priced homes
- Fountain Hill, PA: higher priced homes
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