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Calumet

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

Median Home$160,600
Median Rent$854/month
Population331
Leading IndustriesRetail · Manufacturing · Education19% retail
Home Value Growth⬆⬆+11.5% over 2 years
Retirees22% of residentsnear the national average
Homeowners85% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Calumet
MN

Frequently Asked Questions

What are today's mortgage rates in Calumet?

As of today, the 30-year fixed mortgage rate for Calumet is approximately 6.999% (7.042% 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 $161k. The median monthly rent is $854. 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 increased 11.5% over the past two years. This indicates a strong appreciation trend. 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 $950/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Calumet is $70k/year.

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What industries drive the economy in Calumet?

The largest employment sectors in Calumet are retail (19%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.