Foreclosure Homes in Laurium, MI

Current Market Conditions in Laurium, MI

The real estate market in Laurium has shown stability over the past few years, with a steady demand for homes due to its affordability and quality of life. Investors are taking advantage of the low property prices, leading to a gradual appreciation of home values as the area gains more interest.

As more people discover this hidden gem in Michigan, the potential for growth in rental opportunities is significant. The current rental market has seen an uptick in short-term vacation rentals, appealing to visitors drawn to the area's natural beauty and historical significance.

Rent Prices In Laurium, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Laurium, MI, is on a rollercoaster ride. The average rent price in Laurium, MI, is $1,386.00. Indeed, when looking to rent in Laurium, MI, you can expect to pay as little as $740.00 or as much as $2,190.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in Laurium, 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.