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MI area data

Bessemer, MI

Bessemer, MI.

Population: 2,729 (Census ACS)

Home values & appreciation

Median home value
$115,575
1-year appreciation
+4.0%
3-year appreciation
+20.9%
5-year appreciation
+31.0%
10-year appreciation
+97.3%
All-time peak (2026-05)
$116,758
House Price Index
387.5 (+5.5% YoY)

Market activity

New listings (monthly)
6

Affordability

Cost of living index (Below Average)
92.0 (100 = US avg)
Electricity rate (state-level)
20.0¢/kWh
Natural gas rate (state-level)
$10.90/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
2
Elementary schools
1
Middle schools
0
High schools
1

Natural hazards & flood risk

Overall hazard risk
Very Low
Top hazards
lightning, coldWave, winterWeather

Climate (30-year normals)

Annual precipitation
32.6 in
Annual snowfall
80.1 in

Amenities

National parks within ~60 mi
2
Nearest national park
North Country National Scenic Trail (40 mi)
Nearest airport
Gogebic Iron County Airport (IWD) (10 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
Solar radiation rating
Fair (3.6 kWh/m²/day)

Migration

Net migration
+82 tax filers

Housing stock

Median year housing built
1,949
Median annual property tax
$1,397
Households with broadband internet
67.6%

Employment & development

Total county employment
3,596
Average weekly wage
$878
Top industries (by employment)
Accommodation & Food, Other Services, Construction
Annual residential building permits (county)
24

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents