Home Insurance in Calumet, Michigan
With a median home value of $84,400, Calumet is 47% lower than the Houghton County median.
The median home in Calumet was built in 1939 or earlier. About 66% of homes were built before 1960, about 16 points above Houghton County's 50%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Calumet, the housing stock is 40% single-family homes, 45% apartments in buildings with 5+ units and 3% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
40% of owner-occupied homes in Calumet carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 19%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 27% of occupied homes in Calumet are owner-occupied.
Most homes in Calumet - 70% - are primarily heated with natural gas.
Houghton County had 9 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is winter weather (Relatively High). See the full Houghton County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Michigan is $1,110 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $84,400 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 27% |
| Share of owner-occupied homes with a mortgage | 40% |
| Top county hazard | Winter Weather (Relatively High) |
| Active NFIP policies in Houghton County | 9 |
| Home insurance premium | $1,110 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)