House Prices

House Prices & Home Values Bessemer, MI 2026


Average Data

average house price$265,634
average size per house2054 ft²
average price per ft²130 $ / ft²

04/21/2026 - The value range (VR) for house prices in Bessemer, MI is $90/ sqft to $90/ sqft. An average home with 2054 sqft costs approximately $184,860 to $184,860. Bessemer, MI includes 1 ZIP codes and it is located in Gogebic county. The lowest prices are found in ZIP 49911, while the highest are in ZIP 49911. The average price per sqare feet is $130. Our analysis is based on 3 property listings.

Avergage prices by ZIP codes Bessemer

4991199 $ / ft²




Historical development of home values in Bessemer

Year Estimated value (USD) Change vs. 2025
2010 $123,365 -53.6%
2011 $118,595 -55.4%
2012 $118,275 -55.5%
2013 $122,696 -53.8%
2014 $128,797 -51.5%
2015 $135,408 -49.0%
2016 $142,474 -46.4%
2017 $150,164 -43.5%
2018 $158,466 -40.3%
2019 $165,814 -37.6%
2020 $174,385 -34.4%
2021 $198,345 -25.3%
2022 $231,225 -13.0%
2023 $243,838 -8.2%
2024 $257,944 -2.9%
2025 $265,634 0.0%

Graph: estimated home values in Bessemer over time (USD)



Example: 100% financing house in Bessemer

Loan amount: $265,634

Interest rate: 6.00%

Fixed monthly payment: $1,592.61

Breakdown in the 1st month:
Interest portion: $1,328.17  –  Principal portion: $264.44

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $15,849.30 $3,262.02 $262,371.98
2 $15,648.11 $3,463.21 $258,908.77
3 $15,434.51 $3,676.81 $255,231.96
4 $15,207.73 $3,903.59 $251,328.37
5 $14,966.96 $4,144.36 $247,184.01
6 $14,711.35 $4,399.97 $242,784.04
7 $14,439.97 $4,671.35 $238,112.69
8 $14,151.85 $4,959.47 $233,153.22
9 $13,845.96 $5,265.36 $227,887.85
10 $13,521.20 $5,590.12 $222,297.74
11 $13,176.42 $5,934.90 $216,362.84
12 $12,810.37 $6,300.95 $210,061.88
13 $12,421.74 $6,689.58 $203,372.30
14 $12,009.14 $7,102.18 $196,270.12
15 $11,571.09 $7,540.23 $188,729.89
16 $11,106.03 $8,005.29 $180,724.59
17 $10,612.28 $8,499.04 $172,225.55
18 $10,088.08 $9,023.25 $163,202.31
19 $9,531.54 $9,579.78 $153,622.53
20 $8,940.68 $10,170.64 $143,451.89
21 $8,313.38 $10,797.94 $132,653.94
22 $7,647.39 $11,463.94 $121,190.01
23 $6,940.31 $12,171.01 $109,019.00
24 $6,189.63 $12,921.69 $96,097.32
25 $5,392.65 $13,718.67 $82,378.65
26 $4,546.51 $14,564.81 $67,813.84
27 $3,648.19 $15,463.13 $52,350.71
28 $2,694.46 $16,416.86 $35,933.85
29 $1,681.90 $17,429.42 $18,504.43
30 $606.89 $18,504.43 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Bessemer, MI


1500 sqft3900 sqft
Ø selling price$235,951$501,931
Ø fast selling$214,501$451,738
Ø high price sale$257,401$552,123

In 2026, houses in Bessemer, MI will be offered at an average price of $130 per square foot. A 1,500 sqft home priced at $235,951 is 25.16% more expensive per square foot than a 3,900 sqft home priced at $501,931. Home prices in Bessemer, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $347,490. Sellers who can wait longer may achieve a higher price of up to $424,711.


Bessemer, MI Travel Guide

Discover Bessemer, MI in Gogebic County, a welcoming Upper Peninsula city known for small-town charm and big outdoor adventure.

Location & History

Founded during the iron mining boom on the Gogebic Range, Bessemer preserves historic architecture and a proud heritage.

Close to Ironwood and Wakefield along US?2, the city offers easy access to Lake Superior day trips and the Ottawa National Forest.

Outdoor Recreation

Epic snowfall fuels skiing and snowboarding at Big Powderhorn Mountain and Snowriver Mountain Resort, with
scenic Nordic trails nearby.

Summer brings hikes on the Iron Belle Trail, waterfall tours on the Black River Scenic Byway, and
paddling at Black River Harbor.

Extensive ATV and snowmobile routes connect Bessemer to western Upper Peninsula and northern Wisconsin trail systems for multi-day adventures.

Community & Events

Community spirit peaks at the Bessemer Blast Fourth of July celebration featuring parades, live music, and spectacular fireworks.

After exploring, enjoy local restaurants, coffee shops, and lodging that anchor a walkable downtown with friendly Midwestern service.

Travel Tips & Living

Affordable real estate in Bessemer, MI appeals to remote workers and second-home seekers looking for cabins, cottages, or in-town homes.

For year-round things to do in Bessemer Michigan, check weather, trail reports, and lodging availability ahead of your visit for a smooth trip.



FAQ – Home Values in Bessemer

What is the median home value in Bessemer in 2026?

In 2026, the typical home value in Bessemer is about $265,634 for an average home size of 2054 square feet. This corresponds to an average price of roughly $130 per square foot.

What is the average cost per square foot in Bessemer?

In 2026, homes in Bessemer sell for an average of around $130 per square foot, with a typical range between $90 and $90 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Bessemer is about 2054 square feet, with an estimated 2026 value around $265,634.



Locations close to Bessemer, MI

Bruce Crossing, MI55 $ / ft²
Calumet, MI49 $ / ft²
Caspian, MI37 $ / ft²
Bergland, MI161 $ / ft²
Baraga, MI89 $ / ft²
Atlantic Mine, MI42 $ / ft²




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