Real Estate Investing in Laurium, Michigan (49913)
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Should you buy in 49913 (Laurium, MI)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 21.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Laurium, MI (49913)?
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Market Analysis: 49913 Laurium
The 49913 ZIP in Laurium, MI is a local-operator market. Outside capital chasing a $144K entry has to pair deep knowledge with the discount.
The investment case in 49913 is healthy only for operators who understand what they are buying. A $144K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 49913 among MI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 49913 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 49913 is an operator game, not a passive one. In practical terms, entry prices of $144K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Laurium:
Market Trends
Home Value History (with trend line)
📊 How Does 49913 Compare?
| Metric | 49913 | Laurium | Houghton, MI | Michigan |
|---|---|---|---|---|
| Home Value | $143,767 | $143,767 | N/A | $253,279 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 6.8% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49913 (Laurium, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $143,767 |
| Monthly Rent | $873 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +13.8% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +4.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 49913
Population: 7,483
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 49913
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What strategy should investors use in Laurium, MI?
Laurium, MI investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($144K prices, $873/mo rents) make it a reasonable choice.
Is Laurium, MI a good market for FHA house hackers?
The a challenging house-hack environment in Laurium, MI reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the typical home price in Laurium, MI?
Laurium, MI home values average about $144K. That price point suits investors targeting rentals with $873/mo in monthly income.
Is Laurium, MI good for landlords?
Landlord-friendliness in Laurium, MI is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the tenant pool like in Laurium, MI?
Tenant quality in Laurium, MI ranks as solid. Landlords generally report reliable occupancy at market rents of $873/mo.
You know 49913 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 49913 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 49913 ranks in Houghton, MI
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