The housing market in Laurium, MI is considerably lower than the national US median value, with the median house value at $91,700 compared to $338,100 across the country. Despite this significant difference in price, the appreciation rate of housing in Laurium has been higher than that of the US as a whole over the past year. The 1 year appreciation rate for housing in Laurium stands at 12.24%, which is nearly 4% higher than the US's 8.27%. This indicates that while home values may be significantly lower in Laurium than elsewhere in America, they are still increasing at a reliable and fast rate.
The median home cost in Laurium is $91,700. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Laurium is up 18.2%.
Average Age of Homes
- The median age of Laurium real estate is 78 years old
The Rental Market in Laurium
- Renters make up 19.2% of the Laurium population
- 1.5% of houses and apartments in Laurium, 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.