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Copper Harbor

Learn about the people, housing, costs and businesses in Copper Harbor, Michigan

Median Home$169,800
Median Rent$687/month
Population142
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Healthcare41% public administration
Home Value Growth⬆⬆⬆+36.2% over 2 years
Young Adults49% of residentstop 1% nationally
Homeowners91% of occupied units
NotableHighly Educated32% bachelor's · 21% graduate · top 6% nationally
NotableAffordable Market$170k median home · lower cost than 65% of the country
Copper Harbor
MI

Frequently Asked Questions

What are today's mortgage rates in Copper Harbor?

As of today, the 30-year fixed mortgage rate for Copper Harbor is approximately 6.802% (6.835% 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 Copper Harbor?

The median home value in Copper Harbor is $170k. The median monthly rent is $687. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Copper Harbor?

Home values in Copper Harbor have increased 36.2% 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 Copper Harbor?

Based on a typical all-in ownership cost of $688/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Copper Harbor is $53k/year.

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What industries drive the economy in Copper Harbor?

The largest employment sectors in Copper Harbor are public administration (41%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.