A typical Calumet home is worth roughly $84,000
The median sale price was $160,000 in March 2026.
Only 1 sale in March 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
What kind of housing town is Calumet?
Read from the numbers below. The page puts what stands out first.
A typical home costs 3.2 years of income
About the same as across Michigan. Try your own numbers below.
That covers a typical Calumet home, with $13K to spare.
A two-bedroom rents for about $970 a month here, $420 more than owning.
How Calumet ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Calumet’s typical property tax (1.46% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $970
Renters already here pay a median of $667, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Houghton County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Home prices up 91% in 5 years
The federal house price index for the ZIP code around Calumet rose 91% over the past 5 years, faster than across Michigan (52%). Last year prices fell 1.4%.
How Calumet ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Calumet, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
27% of Calumet households own their home
Half of Calumet’s homes were built before 1938.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
No new homes permitted in 2015
No permits for new homes were issued in Calumet in 2015. The last year with any was 2005 (1 new home).
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 1 | 1 | 0 | $87,000 |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 0 | 0 | 0 | — |
Calumet's permit office didn't report to the Census in 2015, so the 2015 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
On the market in Calumet
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Calumet buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, March 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.