Housing in Ishpeming, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$150,000
Median List Price
$168,000
Price Per Sq Ft
$116
Days on Market
67
Active Inventory
13
Months of Supply
4.3
Balanced market
Zillow Home Value
$174,189
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
95.4%
Buyer's market
Market Activity
Source: RedfinHomes Sold
3
New Listings
4
Pending Sales
3
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$116
Median List $/SF
$123
Ishpeming vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Ishpeming is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$109,200
Median Rent
$688
Total Housing Units
2,857
Vacancy Rate
12.9%
Owner Occupied
71.0%
Renter Occupied
29.0%
Median Property Tax
$1,705
per year
Monthly Cost (w/ Mortgage)
$795
Housing Types
The current median sale price in Ishpeming, MI is $150,000 according to Redfin data. Homes spend a median of 67 days on the market. 0.0% of homes sold above asking price. The market has 4.3 months of supply. The median price per square foot is $116. The median rent is $688 per month (Census ACS). About 71.0% of housing units are owner-occupied. The median year homes were built is 1941. There are 2,857 total housing units.