Laurium, MI Real Estate
According to census data in the year 2000 there were 1,079 housing units in Laurium.
This represents a 3.3% decline from 1,116 in 1990.
Of those housing units, 1,068 were located in either urbanized areas or urban clusters, and 11 were located in what is classified as a rural area.
Homeownership rate in Laurium is about 75.6%.
Laurium's vacancy rate, including seasonal lodging, is about 17.1%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Laurium were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 8.80% |
| Two Bedrooms | 20.90% |
| Three Bedrooms | 45.70% |
| Four Bedrooms | 19.90% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.51 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $50,600 |
| Median Price asked for vacant units | $29,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.95 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $315 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 1.50% |
| Home Equity Loan | 7.30% |
| Simple Mortgage | 34.50% |
| Debt Free | 56.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.7% |
