Ishpeming, MI housing market
The median sale price was $218,000 in May 2026.
Home values, sales, trends and how Ishpeming compares with the towns next door — updated as new data is published.
Ishpeming at a glance
Only 4 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Home prices up 84% in 5 years
The federal house price index for the ZIP codes around Ishpeming rose 84% over the past 5 years, faster than across Michigan (52%). Last year prices rose 11%. Carrying the Census median home value forward with that index puts the typical Ishpeming home at roughly $220,000 today.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | +11% | +196% | +97% |
| 2024 | +5.9% | +166% | +88% |
| 2023 | +16% | +151% | +76% |
| 2022 | +18% | +117% | +64% |
| 2021 | +14% | +83% | +45% |
| 2020 | +4% | +61% | +30% |
| 2019 | +2.6% | +55% | +26% |
| 2018 | +3.3% | +51% | +20% |
| 2017 | +2% | +46% | +12% |
| 2016 | +2.5% | +43% | +5.3% |
| 2015 | +1.5% | +40% | 0% |
| 2014 | 0% | +37% | −4.7% |
| 2013 | −1% | +37% | −12% |
| 2012 | +1.3% | +39% | −16% |
| 2011 | +1.2% | +37% | −16% |
| 2010 | −0.6% | +36% | −12% |
| 2009 | −0.8% | +36% | −5% |
| 2008 | +0.9% | +37% | +3.5% |
| 2007 | +4.5% | +36% | +11% |
| 2006 | +4% | +30% | +16% |
| 2005 | +8.1% | +25% | +18% |
| 2004 | +9.2% | +16% | +14% |
| 2003 | +1.1% | +6.1% | +10% |
| 2002 | +2.1% | +5% | +8.3% |
| 2001 | +2.8% | +2.8% | +5% |
| 2000 | — | — | — |
How Ishpeming ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 49849, 49866, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
Ishpeming and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2007 | Median income |
|---|---|---|---|---|---|
| Ishpeming | — | +11.3%† | $970 | — | $52,754 |
| Ishpeming | $202K | +8.5% | $1,010 | 0 | $94,271 |
| Tilden | — | +6.2%† | $970 | — | $67,596 |
| Negaunee | — | +6.2%† | $970 | — | $70,568 |
† FHFA price index change, where Zillow has no home value for the town.
2.1 years of income
The typical Ishpeming home costs about 2.1 years of the town's median household income, less than across Michigan (3.7 years).
How Ishpeming ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Ishpeming is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Ishpeming pay a median of $733, so moving in tends to cost more than staying put. A two-bedroom takes about 22% of the town's median household income.
Studio $670 · 4 bedrooms $1,510
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49849, 49866; Marquette County, MI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.