Laurium Real Estate
No active listings · 1 sold in the past 12mo
1
Sold (past 12mo)
42
Avg Days on Market
-14.7%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
No active listings in Laurium right now.
View 1 recently sold homes →Recently Sold(1)
| Address | Sold Price | Date Sold |
|---|---|---|
| 433 Pewabic Street, Laurium, MI 49913 | $175,200 | Dec 2, 2025 |
Frequently Asked Questions about Laurium
Are there homes available in Laurium right now?
There are currently 0 active listings in Laurium.
What schools are in Laurium?
Multiple school districts may serve Laurium. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
What are property taxes like in Laurium?
Property taxes in Laurium are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
What does demographic data show about housing demand in Laurium?
Based on Census Bureau ACS data, Laurium shows a -14.7% Household Formation Gap. Despite household size decreasing from 2.54 to 2.01, the 32.5% population decline has reduced the overall number of households needing housing. This is a secondary demographic indicator, distinct from primary market measures.