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Calumet

Learn about the people, housing, costs and businesses in Calumet, Pennsylvania

Median Home$184,500
Median Rent$898/month
Population1,042
Leading IndustriesPublic Administration · Transportation · Finance & Insurance34% public administration
Home Value Growth-5.9% over 2 years
Retirees25% of residentsabove average nationally
Homeowners86% of occupied units
Calumet
PA

Frequently Asked Questions

What are today's mortgage rates in Calumet?

As of today, the 30-year fixed mortgage rate for Calumet is approximately 6.967% (7.009% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Calumet?

The median home value in Calumet is $185k. The median monthly rent is $898. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Calumet?

Home values in Calumet have decreased 5.9% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Calumet?

Based on a typical all-in ownership cost of $870/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Calumet is $76k/year.

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What industries drive the economy in Calumet?

The largest employment sectors in Calumet are public administration (34%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.