The typical owner-occupied home in Calumet is worth about $158,000, 38% below the Pennsylvania median of $254,500 and 53% below the national median of $332,700. Owners pay a median $2,220 a year in property taxes, about 1.41% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $80,691 a year, so the median home costs 2.0 times the median income (3.3 times for Pennsylvania). 80% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Calumet at a glance
| Calumet | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $158,000 | $254,500 | $332,700 |
| Median property tax paid per year | $2,220 | $3,311 | $3,119 |
| Property tax as a share of value | 1.41% | 1.30% | 0.94% |
| Median household income | $80,691 | $77,971 | $80,734 |
| Homes lived in by their owners | 80% | 69% | 65% |
| Owner homes with a mortgage | 59% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,053 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 14.5% | 19.4% | 21.0% |
| Median rent | $919 | $1,209 | $1,413 |
| Rent as a share of renters' income | 17.7% | 29.2% | 30.6% |
| Median year homes were built | 1955 | 1965 | 1980 |
| Vacant homes | 5.3% | 9.2% | 10.1% |
| Population | 1,093 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Calumet
At this week's average 30-year rate of 7.11%, buying the median Calumet home of $158,000 with 20% down costs about $1,102 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,365, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $47,219 for the 20%-down payment. That payment is 16% of the median Calumet household income of $80,691; at that income and 20% down, the 28% guideline points to a home of about $270,000.
The median rent here is $919 a month, so owning the median home costs about $183 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $31,600 |
|---|---|
| Loan amount | $126,400 |
| Principal and interest | $850 |
| Property taxes (1.41% a year) | $186 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| PMI | $0 |
| Total per month | $1,102 |
Change the numbers in the calculator
| Down payment | $5,530 |
|---|---|
| Loan amount | $155,138 |
| Principal and interest | $1,044 |
| Property taxes (1.41% a year) | $186 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| FHA mortgage insurance | $70 |
| Total per month | $1,365 |
Change the numbers in the calculator
Questions about home buying in Calumet
What is the median home value in Calumet?
About $158,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Calumet?
Homeowners pay a median $2,220 a year, which is about 1.41% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Calumet?
For the median home with 20% down at 7.11%, the payment is about $1,102 a month. Keeping that under 28% of gross income takes about $47,219 a year.
More about Calumet
- Mortgage Refinance in Calumet
- Debt Relief in Calumet
- Home Equity Loans in Calumet
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data