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 →