Housing in Michigamme, MI

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — November 2025

Median Sale Price

$42,600

Median List Price

N/A

Price Per Sq Ft

$37

Days on Market

115

Active Inventory

N/A

Zillow Home Value

$196,620

ZHVI — January 2026

Price Trends

Source: Redfin
Sale Price ↓ 87.8%List Price ↑ 134.2%Mar 24 → Nov 25

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Sale-to-List Ratio

94.7%

Buyer's market

Sold Above Asking
0.0%

Market Activity

Source: Redfin

Homes Sold

1

Homes Sold ↓ 50.0%New Listings ↑ 100.0%Pending ↓ 50.0%Mar 24 → Nov 25

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$37

Sale $/SF ↓ 87.5%List $/SF ↑ 197.6%Mar 24 → Nov 25

Michigamme vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Michigamme is highlighted.

Median Home Value

Median Price Per Sq Ft

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$166,300

Median Rent

N/A

Total Housing Units

218

Vacancy Rate

56.9%

Owner Occupied

98.9%

Renter Occupied

1.1%

Median Property Tax

$1,714

per year

Monthly Cost (w/ Mortgage)

$807

Housing Types

Single Family
95.9%
Multi-Family
0.5%
Mobile Home
3.7%

The current median sale price in Michigamme, MI is $42,600 according to Redfin data. Homes spend a median of 115 days on the market. 0.0% of homes sold above asking price. The median price per square foot is $37. About 98.9% of housing units are owner-occupied. The median year homes were built is 1968. There are 218 total housing units.