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Cheap Homes in Calumet, MI 49913

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Calumet, MI Foreclosures

How much do homes sell for in Calumet, MI?
The average home price is currently $170,409.
What’s the average rental cost in Calumet, MI?
The average rental price in Calumet is $1,417.
What is the most expensive home in Calumet?
The most expensive home sold in Calumet had a price of $1,551,500.
What is currently the cheapest priced home in Calumet, MI?
The cheapest home for sale in Calumet is priced at $16,583.

Living in Calumet, MI

Calumet, Michigan is a historic village located in the heart of Michigan's Upper Peninsula. Known for its rich industrial history, the area features stunning architecture and a vibrant local culture. Residents and visitors alike enjoy the close proximity to outdoor activities, including hiking and snowmobiling, all while being part of a tight-knit community.

Current Market Conditions in Calumet, MI

Calumet's real estate market has shown stability with a steady demand for housing, primarily driven by its unique charm and outdoor lifestyle. The influx of visitors and seasonal residents has created a competitive market for both rental and purchase options.

Recent trends indicate a gradual increase in property values as more people recognize the appeal of living in a small, historic village. This trend is supported by the presence of natural attractions and amenities that continue to appeal to buyers.

Sellers are seeing competitive offers due to the area's limited inventory and high demand for homes situated near recreational activities and historical sites.

Home Value Estimator For Calumet, MI

There are currently 2,276 real estate properties in Calumet, MI, with a median automated valuation model (AVM) price of $123,827.00. 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 $170,409.00, with the most expensive house in Calumet, MI, topping out at $1,551,500.00 and the cheapest home in Calumet, MI, clocking in at $16,583.00. 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 $1,417.00. Indeed, when looking to rent in Calumet, MI, you can expect to pay as little as $640.00 or as much as $2,280.00, with the average rent median estimated to be $1,430.00. 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.

Cheap Homes in Calumet, MI 49913

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