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Cheap Homes in Laurium, MI

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Laurium, MI Foreclosures

Current Market Conditions in in Laurium, MI As of January 2026?
Over the past month, Laurium has seen a modest increase in listings and home sales, contributing to a competitive but still affordable market. With several properties selling quickly, potential buyers need to remain proactive and prepared to make offers. Local agents report a growing interest, particularly in homes that are move-in ready, signifying a robust demand.
How much do homes sell for in Laurium, MI?
The average home price is currently $119,806.
What’s the average rental cost in Laurium, MI?
The average rental price in Laurium is $1,386.
What is the most expensive home in Laurium?
The most expensive home sold in Laurium had a price of $2,862,400.
What is currently the cheapest priced home in Laurium, MI?
The cheapest home for sale in Laurium is priced at $29,601.

Living in Laurium, MI

Laurium, MI is a picturesque village in Houghton County known for its rich copper mining history and vibrant community. Outdoor enthusiasts will enjoy access to ample recreational activities, while families appreciate the area's friendly atmosphere and community events. With a mix of historic charm and natural beauty, Laurium offers an appealing lifestyle for its residents.

Buyer vs Seller Market in Laurium, MI

The real estate market in Laurium is stable, with a mix of charming historic homes and newer constructions attracting families and retirees alike. The demand for affordable housing has kept prices reasonable, making it an appealing option for first-time buyers and those looking to invest in rental properties.

Currently, Laurium is experiencing a slight uptick in home sales due to increasing interest from individuals seeking a tranquil lifestyle away from larger urban centers. This trend suggests a steady growth in property values as more people recognize the area's potential.

Home Value Estimator For Laurium, MI

There are currently 1,126 real estate properties in Laurium, MI, with a median automated valuation model (AVM) price of $105,343.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Laurium, 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 Laurium, MI, is $119,806.00, with the most expensive house in Laurium, MI, topping out at $2,862,400.00 and the cheapest home in Laurium, MI, clocking in at $29,601.00. In other words, there’s something for every potential homebuyer or savvy investor in Laurium, MI!

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.

Cheap Homes in Laurium, MI

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