Laurium, Michigan.
Typical home $141,370 (+12.5% in a year). Houghton, MI metro.
to buy the typical home at today's mortgage rate — +$462 (+165%) since Jan 2020.
- 1 year
- Up $15,719 +13%
- $125,651$141,370 since Sep 2025
- 5 years
- Up $43,821 +45%
- $97,549$141,370 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.
- Laurium$742
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 9 years.
Typical home values in Laurium, MI rose 12.5% over the past year — faster than the nation's +1.2%.
Living in Laurium, Houghton County, Michigan
Laurium is a village of 1,864 people in Houghton County. 76% of its homes are lived in by their owners and 24% 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 residents work in schools and health care, then manufacturing.
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 It can be wrong or out of date.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. Laurium is a small village in Houghton County, and most homes here are lived in by their owners. Typical home values are modest, and a four-year degree is held by a fair share of adults. Winters are long and cold, with January the coldest month, while July brings warm, pleasant days.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, restaurants and hotels, and shops also employing many. Across Houghton County, some of the largest workplaces are Michigan Technological University, Portage Health System and Aspirus Keweenaw Hospital. Most people have a short trip to work, and few work from home.
Things to do. The Calumet Theatre is a theatre in or beside town, and Douglass Houghton Falls, a waterfall, is close by as well. A short drive away are McLain State Park, a protected area, and Mont Ripley, a ski area for the snowy months. The A. E. Seaman Mineral Museum is a longer drive away.
Report a mistake
- 756households
- 31%of adults have a degree
- 16%below the poverty line
- 14 mintypical commute
- 8%work from home
What residents 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, 5 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; Laurium 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 Laurium’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.
Laurium home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Laurium$141,370
- 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.
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
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Laurium11
Zip codes with a Laurium address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Laurium — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.