What is the average home price in Laurium, MI 49913?

As of May '26, the median home price in Laurium, MI 49913 is $144,000, based on Zillow home estimates.

How have home prices in Laurium, MI 49913 changed over the past year?

As of May '26, home prices have decreased 4.5% over the past year, according to Zillow home estimates data.

What is the home price projection for Laurium, MI 49913?

As of May '26, Zillow projects home prices in Laurium, MI 49913 to increase 1.0% in the next year.

What are the demographics of Laurium, MI 49913?

According to the latest Census, the demographics of Laurium, MI 49913 are 93.6% White, 0.7% Black, 1.6% Asian, 1.5% Hispanic. The population is 7,480, with 24.7% under 18 years old.

How long does it take homes to sell in Laurium, MI 49913?

According to Realtor.com, as of May '26, the median home in Laurium, MI 49913 is on the market for 52 days. This is an increase of 141.0% from last year.

What is the average rent price in Laurium, MI 49913?

The average rent price in Laurium, MI 49913, as of the latest data, is $619. The average rent for 1 bedroom homes is $619. For 2, 3, and 4 bedroom homes, the average rent is N/A, N/A, and N/A respectively.

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Laurium, MI—49913

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$144,000

4.5% YoY Growth

Household Income

$50,500

26.6% YoY Growth

Days on Market

141.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

$614

3.6% YoY Growth

1-Bed Rent

$614

2.1% YoY Growth

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Laurium, MI

As of May '26, the median home price in Laurium, MI is $144,000, with a year-over-year change of -4.5%. This indicates that home prices in Laurium, MI are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$144,000	-4.5%
Single Family	$144,000	-4.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Laurium, MI

As of July '25, Rentcast reports the average rent in Laurium, MI is $619, with a year-over-year rent change of -3.6%. Per bedroom, the median rent as of July '25 in Laurium, MI is 1-bedrooms: $619. The most common rental property sizes in Laurium, MI are 2-bedroom and 1-bedroom, accounting for 41.9% and 28.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$614	$619
Studio Rent	N/A	N/A
1 Bed Rent	$614	$619
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

1.4%

1 Bedroom

28.8%

2 Bedrooms

41.9%

3 Bedrooms

24.2%

4 Bedrooms

3.0%

5+ Bedrooms

0.7%

Property Listings — Laurium, MI

As of May '26, Realtor.com reports that the median days on market for a home in Laurium, MI is 52. This is a increase of 141.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$220,000	-3.0%
Listing Count	22	7.0%
Listings as % of Homes	0.2%	7.0%
Days on Market	52	141.0%

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Demographics — Laurium, MI

As of the latest ACS Survey released in 2023, Laurium, MI has a population of 7,480, which has increased by 11.0% over the past 5 years. Laurium, MI is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 24.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,480	11.0%
% Under 18	24.7%	21.1%
% Seniors	19.3%	-8.1%
% WFH	8.4%	-16.0%
% w/ College Degree	24.7%	6.0%

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As of the latest ACS Survey released in 2023, Laurium, MI is a predominantly white area, with 93.6% of the population identifying as white. The white population has grown by 0.3% in the last 5 years. The second most common race or ethnicity in Laurium, MI is asian, making up 1.6% of the population. Foreign-born residents account for 2.6% of the population in Laurium, MI, and this percentage has increased by 333.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	93.6%	0.3%
% Black	0.7%	75.0%
% Hispanic	1.5%	-6.2%
% Asian	1.6%	1,500.0%
% Foreign Born	2.6%	333.3%

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Mortgage and Risk — Laurium, MI

According to HUD data as of 2023, there were 63 mortgage originations in Laurium, MI, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Laurium, MI. Investor activity is low, as 3.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	63
% Conventional Loans	75.0%
% Government Loans	25.0%
% Investor Loans	3.0%
% Second Loans	3.0%
% Cash Out Refinance	21.0%

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Rentals and Section 8 — Laurium, MI

Laurium, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	182
Total Units Section 8	55
% Rentals under Section 8	N/A
% Occupied Section 8	94.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$166	$614	$780
2 Bedroom	N/A	N/A	$930
3 Bedroom	N/A	N/A	$1,310
4 Bedroom	N/A	N/A	$1,570

Laurium, MI—49913

Key Metrics at a Glance

Home Price Trends — Laurium, MI

Cost per Home Type

Cost per Home Size

Laurium, MI—49913

Key Metrics at a Glance

Home Price Trends — Laurium, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Laurium, MI

% of Rental Stock

Property Listings — Laurium, MI

Demographics — Laurium, MI

Race and Ethnicity

Mortgage and Risk — Laurium, MI

Mortgages

Rentals and Section 8 — Laurium, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Laurium, MI

Home Price to Income Ratio

Laurium, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Hubbell

Ahmeek

Fulton

Hancock, MI

Dollar Bay

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$144,000
Median Household Income	$50,500