Michigamme, MI housing market
The typical Michigamme home is worth about $230,000, up 17.2% in a year, 14% below the Michigan typical home.
Home values, sales, trends and how Michigamme compares with the towns next door — updated as new data is published.
Michigamme at a glance
Typical home value, 2016–2026
Show as a table
| January | Michigamme | Michigan |
|---|---|---|
| 2017 | $132,000 | $144,000 |
| 2018 | $141,000 | $155,000 |
| 2019 | $144,000 | $165,000 |
| 2020 | $139,000 | $175,000 |
| 2021 | $151,000 | $194,000 |
| 2022 | $167,000 | $217,000 |
| 2023 | $172,000 | $230,000 |
| 2024 | $181,000 | $241,000 |
| 2025 | $190,000 | $253,000 |
| 2026 | $208,000 | $262,000 |
| August 2026 | $230,000 | $266,000 |
Michigamme and its neighbors
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,020
HUD's Fair Market Rent for a two-bedroom in Michigamme is $1,020 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $710 · 4 bedrooms $1,540
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49808, 49814, 49861, 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, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.