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MI area data

Michigamme, MI

Michigamme, MI.

Population: 523 (Census ACS)

Home values & appreciation

Median home value
$235,416
1-year appreciation
+14.5%
3-year appreciation
+27.0%
5-year appreciation
+40.5%
10-year appreciation
+72.1%
All-time peak (2026-07)
$235,416
House Price Index
387.5 (+5.5% YoY)

Market activity

1-year forecast
+4.4%

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%

Natural hazards & flood risk

Overall hazard risk
Relatively Low
Top hazards
coldWave, hail, winterWeather, lightning, strongWind

Climate (30-year normals)

Annual precipitation
34.3 in

Air quality

Air quality rating
Good
Median AQI (annual)
19
Days with Good air quality
202

Amenities

National parks within ~60 mi
1
Nearest national park
Keweenaw National Historical Park (49 mi)
Nearest airport
Edward F Johnson Airport (19 mi)
Nearest major airport
Marquette/Sawyer International Airport (MQT) (35 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
+106 tax filers

Housing stock

Median year housing built
1,972
Median annual property tax
$1,964
Mean commute to work
34 min
Households with broadband internet
32.6%

Employment & development

Total county employment
21,462
Average weekly wage
$981
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
89

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