MI area data
Hancock, MI
Hancock, MI.
Population: 7,405 (Census ACS)
Home values & appreciation
- Median home value
- $233,917
- 1-year appreciation
- +11.2%
- 3-year appreciation
- +19.6%
- 5-year appreciation
- +34.1%
- 10-year appreciation
- +78.6%
- All-time peak (2026-04)
- $234,884
- House Price Index
- 387.5 (+5.5% YoY)
Market activity
- Median sale price
- $209,000
- Median list price
- $314,450
- Median days on market
- 57.5 days
- Sale-to-list ratio
- 98.7%
- Active listings
- 30
- 1-year forecast
- +1.5%
- New listings (monthly)
- 16
Rents
- 2-bedroom fair-market rent (HUD reference)
- $1,261/mo
- 3BR fair-market rent
- $1,639/mo
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
- 4
- Elementary schools
- 1
- Middle schools
- 0
- High schools
- 2
Natural hazards & flood risk
- Overall hazard risk
- Very Low
- Top hazards
- winterWeather, coldWave
- FEMA flood zone
- X
- Flood risk level
- Minimal
Climate (30-year normals)
- Average annual temperature
- 45.0°F
- Average high
- 51.0°F
- Average low
- 38.0°F
- Annual precipitation
- 33.4 in
- Annual snowfall
- 72.5 in
Walkability & transit
- Walkability index
- 7.2 / 20
- Transit service frequency
- -99,999
Amenities
- National parks within ~60 mi
- 2
- Nearest national park
- Keweenaw National Historical Park (1 mi)
- Nearest airport
- Houghton County Memorial Airport (CMX) (2 mi)
- Nearest major airport
- Houghton County Memorial Airport (CMX) (2 mi)
- Hospitals nearby (~15 mi)
- 1
- Solar radiation rating
- Fair (3.6 kWh/m²/day)
Migration
- Net migration
- -179 tax filers
Housing stock
- Median year housing built
- 1,959
- Median annual property tax
- $2,725
- Mean commute to work
- 10 min
- Households with broadband internet
- 68.4%
Employment & development
- Total county employment
- 8,778
- Average weekly wage
- $882
- Top industries (by employment)
- Health Care, Accommodation & Food, Construction
- Annual residential building permits (county)
- 103
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 →