Calumet, Michigan.
Typical home $152,960 (-4.9% in a year). Houghton, MI metro.
to buy the typical home at today's mortgage rate — +$305 (+61%) since Jan 2020.
- 1 year
- Down $7,947 -5%
- $160,906$152,960 since Sep 2025
- 5 years
- Down $9,454 -6%
- $162,414$152,960 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Calumet$803
- Michigan$1,384
- United States$1,922
At the last five years' pace, prices here aren't rising.
Typical home values in Calumet, MI fell 4.9% over the past year — slower than the nation's +1.2%.
Living in Calumet, Houghton County, Michigan
Calumet is a village of 621 people in Houghton County. Half its households earn more than $26,667 a year and half less, against $58,899 across Houghton County; 43% of its people live below the poverty line. 27% of its homes are lived in by their owners and 73% are rented. Unemployment in Houghton County was 5.1% in August 2026, and the county had 2.9% more jobs in 2025 than the year before. The most people in Houghton County work in schools and health care, then restaurants and hotels.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Calumet is a very small village, one of the smallest places a page like this describes, and its households have incomes well below the county's. Far fewer homes are lived in by their owners than across most of the country, and a larger share of residents live below the poverty line than in most places. Winters are cold and the coldest month is January, while July is the warmest and pleasantly mild.
Work. Most residents work in schools, hospitals and social care, followed by restaurants, hotels and entertainment, manufacturing and retail. Across Houghton County, the largest workplaces include Michigan Technological University, Portage Health System and the Public Schools of Calumet Laurium & Keweenaw. Jobs across the county grew last year, and the typical commute is short.
Things to do. The Calumet Theatre is in or beside town, and Keweenaw National Historical Park, a protected area, is a short drive away. Mont Ripley, a ski area, and Hungarian Falls, a waterfall, are also a short drive away. For a longer outing, the A. E. Seaman Mineral Museum is a longer drive away.
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- 408households
- 22%of adults have a degree
- 43%below the poverty line
- 16 mintypical commute
- 8%work from home
What people in Houghton County work in
Employed residents by industry, from the Census survey. Houghton County had 12,476 jobs in 2025, 2.9% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 22° and lows near 10°; warmest in July, with highs near 75° and lows near 55°.
Average daily high and low, 1991–2020, at the Hancock Houghton County Airport weather station, 6 miles away (NOAA).
Largest workplaces in Houghton County
- Michigan Technological UniversityUniversity or college1,618
- WalmartWarehouse clubs and supercenters445
- Portage Health SystemGeneral hospital357FTE
- Canal View~Houghton CountySkilled nursing facilities250
- Aspirus Keweenaw HospitalCritical access hospital173FTE
- Public Schools of Calumet Laurium & KeweenawSchool district163FTE
- Copper Country ISDSchool district161FTE
- Houghton-Portage Township School DistrictSchool district131FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 32 workplaces with 20 or more staff, 2,845 people in all across the county; Calumet has one of its own. Colleges come from IPEDS (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherRelatively high
- Cold wavesRelatively high
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Calumet’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Houghton County and the Houghton, MI metro.
Calumet home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Calumet$152,960
- Michigan$263,760
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Calumet listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Calumet22.51%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Calumet37
New listings per month
Sellers arriving at the market.
- Calumet7
Zip codes with a Calumet address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Calumet — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.