Housing · Wakefield

Wakefield, MI housing market

The typical Wakefield home is worth about $115,000, up 10.8% in a year, 57% below the Michigan typical home.

Home values, sales, trends and how Wakefield compares with the towns next door — updated as new data is published.

The market right now

Wakefield at a glance

Typical home value
$115K
▲ 10.8% in a year · Zillow
Ten-year trend

Typical home value, 2016–2026

WakefieldMichigan
$50K$100K$150K$200K$250K$300K 20182020202220242026 Wakefield $115K Michigan $266K
Show as a table
JanuaryWakefieldMichigan
2017$56,000$144,000
2018$61,000$155,000
2019$67,000$165,000
2020$65,000$175,000
2021$76,000$194,000
2022$88,000$217,000
2023$90,000$230,000
2024$91,000$241,000
2025$102,000$253,000
2026$104,000$262,000
August 2026$115,000$266,000
Nearby

Wakefield and its neighbors

The towns that share a border. Tap one to see its housing page.
TownTypical value1-yr changeDays on marketMedian income
Wakefield $115K +10.8% — $54,375
Bessemer $114K +4% — $56,016
Ironwood $112K +7.6% — $69,107
Marenisco $247K +13.4% — $53,250
The homes

Owners, rent & taxes

Homeownership
93.8%
Median tax bill
$1,531
Typical home built
1960

U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.

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. Listings link to their publishers.

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Wakefield

Michigan · MI · Gogebic County
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Boundary source: https://tigerweb.geo.census.gov/arcgis/rest/services/TIGERweb/Places_CouSub_ConCity_SubMCD/MapServer/15 · 2025-01-01