Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Laurium area can be challenging. Home prices in Laurium are now at a median cost of $81,864, lower than the Michigan average of $196,062.
The average cost of rent is $511/mo in Laurium, primarily driven by the current value of real estate in the Laurium area. While nearly 54.40% of residents own their homes outright in Laurium, 24.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in Laurium is $3,450 per month. Households that rent pay about 14.82% of their income on rent here. Laurium's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Calumet, MI: less expensive homes
- Osceola, MI: equally priced homes
- Kearsarge, MI: equally priced homes
- Swedetown, MI: less expensive homes
- Phillipsville, MI: higher priced homes
- Centennial Heights, MI: higher priced homes
- Copper City, MI: higher priced homes
- Lake Linden, MI: higher priced homes
- Hubbell, MI: equally priced homes
- Tamarack, MI: higher priced homes
Cities with Similar Populations
- Kiawah Island, SC: higher priced homes
- Medley, FL: higher priced homes
- Mc Dade, TX: higher priced homes
- Martin, KY: equally priced homes
- Loving, NM: higher priced homes
- Lena, MS: higher priced homes
- Leland Grove, IL: higher priced homes
- Leasburg, MO: higher priced homes
- Laytonville, CA: higher priced homes
- Merrillan, WI: higher priced homes
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