Housing in Wakefield, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$95,488
Wakefield vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Wakefield is highlighted.
Median Home Value
8th%ilemost expensive$71,400show rank
Median Rent
12th%ilemost expensive rent$662show rank
Rent Burden
34th%ilehighest rent burden16.4%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$71,400
Median Rent
$662
Total Housing Units
975
Vacancy Rate
22.6%
Owner Occupied
82.3%
Renter Occupied
17.8%
Median Property Tax
$1,213
per year
Monthly Cost (w/ Mortgage)
$532
Housing Types
Single Family91.0%
Multi-Family7.7%
Mobile Home1.3%
The median home value in Wakefield, MI is $71,400. According to Zillow, the home value index for Wakefield is $95,488. The median rent is $662 per month (Census ACS). About 82.3% of housing units are owner-occupied. The median year homes were built is 1944. There are 975 total housing units.