Calumet, MI is a charming city with much to offer its residents. The median value of housing in Calumet is $94,500, which is significantly lower than the US median value of $338,100. Despite the lower median value, home appreciation in Calumet has been on an upward trend over the past year – increasing by 12.24%, compared to 8.27% nationally. This could be indicative of the rapid growth and desirability of the area. As a result, now may be a great time for people looking to purchase real estate in Calumet, MI.
The median home cost in Calumet is $94,500. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Calumet is up 18.2%.
Average Age of Homes
- The median age of Calumet real estate is 78 years old
The Rental Market in Calumet
- Renters make up 49.2% of the Calumet population
- 3.3% of houses and apartments in Calumet, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.