Cheap Homes in Laurium, MI

Current Market Conditions in Laurium, MI

The real estate market in Laurium is currently stable, with a variety of homes available for buyers. The demand for affordable housing is steadily increasing, as more individuals and families are recognizing the charm of small-town living in Michigan's Upper Peninsula.

Recent trends indicate a growing interest in properties near recreational areas, as people look to escape urban environments for a peaceful lifestyle close to nature. Investors are taking notice of the potential for rental properties to cater to vacationers exploring Lake Superior.

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.