Skip to main content

MI area data

Newberry, MI

Newberry, MI.

Population: 4,964 (Census ACS)

Home values & appreciation

Median home value
$118,063
1-year appreciation
+3.6%
3-year appreciation
+1.4%
5-year appreciation
+6.8%
10-year appreciation
+31.4%
All-time peak (2023-03)
$124,654
House Price Index
387.5 (+5.5% YoY)

Market activity

New listings (monthly)
15

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
0
Middle schools
0
High schools
1

Natural hazards & flood risk

Overall hazard risk
Very Low

Climate (30-year normals)

Average annual temperature
42.0°F
Average high
51.0°F
Average low
33.0°F

Amenities

National parks within ~60 mi
1
Nearest national park
Pictured Rocks National Lakeshore (39 mi)
Nearest airport
Luce County Airport (11 mi)
Hospitals nearby (~15 mi)
1
Solar radiation rating
Fair (3.6 kWh/m²/day)

Migration

Net migration
-15 tax filers

Housing stock

Median year housing built
1,974
Median annual property tax
$1,052
Mean commute to work
14 min
Households with broadband internet
54.5%

Employment & development

Total county employment
999
Average weekly wage
$687
Top industries (by employment)
Accommodation & Food, Finance & Insurance, Agriculture
Annual residential building permits (county)
9

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