Rent To Own Homes in Calumet, MI

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2 View this home at C St Calumet MI 49913
$66,134 EMV
5 View this home at S Iroquois St Laurium MI 49913
$83,410 EMV
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Home Value Estimator For Calumet, MI

There are currently 154 real estate properties in Calumet, MI, with a median automated valuation model (AVM) price of $299,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Calumet, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Calumet, MI, is $325,621.00, with the most expensive house in Calumet, MI, topping out at $1,600,000.00 and the cheapest home in Calumet, MI, clocking in at $46,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Calumet, MI!

Rent Prices In Calumet, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Calumet, MI, is on a rollercoaster ride. The average rent price in Calumet, MI, is $1,324.00. Indeed, when looking to rent in Calumet, MI, you can expect to pay as little as $640.00 or as much as $2,040.00, with the average rent median estimated to be $1,350.00. The good news is that finding an affordable and desirable property to rent in Calumet, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Foreclosure Homes in Calumet, MI

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Calumet, MI area at Get information on foreclosure homes for rent, how to buy foreclosures in Calumet, MI and much more. Save thousands at closing with home foreclosure listings in Calumet, MI — up to 75% off market value!

Top Reasons To Live In Calumet, MI In 2023

Calumet is located in Houghton, Michigan, with an estimated municipal population of 687 residents. All of the best foreclosed homes for sale in Calumet are located in the following zip code areas on 49913. The estimated population per square kilometer (.62 miles) in Calumet is 1,331.

Cost Of Living In Calumet, MI

So, about how much do homes cost in Calumet? The most recent median value of resident-owned homes in Calumet is 70,014. An estimated 25.7 percent of households in Calumet own their homes, with an average family size of 3.16. The median household income in Calumet is 21,389, with5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Calumet, the median commute time of resident workers (in minutes) is 13.7. And last, but certainly not least, are you looking for homes to rent in Calumet? If so, the average rent price paid by renters in Calumet is 572, according to recent statistics.

Diversity And Demographics In Calumet, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Calumet, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Calumet is 31.5, split between 52.6 percent male versus 47.4 female. The percentage of residents who report being married in Calumet is 39.5, with an average family size of 3.16.

The percentage of residents who report their race in Calumet is as follows:

White 91%
Black / African American 0.9%
Asian 0%
American Indian / Alaskan Native 0.7%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 5.8%
Other 1.6%

Looking for family-friendly neighborhoods in and/or near Calumet? Or maybe you are searching for 55+ active adult communities in and/or near Calumet?

The percentage of residents who report their age in Calumet is as follows:

Under 10 12.3%
Aged 10-19 14.1%
20s 17.9%
30s 15.2%
40s 7.6%
50s 6.7%
60s 16.2%
70s 8%
80+ 2.3%

Best Schools In Calumet, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Calumet with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Calumet.

Pros And Cons Of Living In Calumet, Michigan

How do you know that living in -- or moving to -- Calumet is right where you need to be? Perhaps you grew up in Calumet or already live nearby; therefore, the decision to buy a home in Calumet is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Calumet for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Calumet:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Calumet.

Reasons To Move To Calumet, Michigan, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Calumet can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Calumet, meanwhile, can field multiple offers from more qualified buyers.

Calumet, MI Rent To Own Homes


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