House Prices

House Prices & Home Values Michigamme, MI 2026


Average Data

average house price$194,800
average size per house1984 ft²
average price per ft²99 $ / ft²

04/18/2026 - The value range (VR) for house prices in Michigamme, MI is $98/ sqft to $98/ sqft. An average home with 1984 sqft costs approximately $194,432 to $194,432. Michigamme, MI includes 1 ZIP codes and it is located in Marquette county. The lowest prices are found in ZIP 49861, while the highest are in ZIP 49861. The average price per sqare feet is $99. Our analysis is based on 4 property listings.

Avergage prices by ZIP codes Michigamme

4986190 $ / ft²




Historical development of home values in Michigamme

Year Estimated value (USD) Change vs. 2025
2010 $90,469 -53.6%
2011 $86,970 -55.4%
2012 $86,736 -55.5%
2013 $89,978 -53.8%
2014 $94,452 -51.5%
2015 $99,300 -49.0%
2016 $104,482 -46.4%
2017 $110,121 -43.5%
2018 $116,209 -40.3%
2019 $121,598 -37.6%
2020 $127,884 -34.4%
2021 $145,454 -25.3%
2022 $169,567 -13.0%
2023 $178,816 -8.2%
2024 $189,161 -2.9%
2025 $194,800 0.0%

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



Example: 100% financing house in Michigamme

Loan amount: $194,800

Interest rate: 6.00%

Fixed monthly payment: $1,167.92

Breakdown in the 1st month:
Interest portion: $974.00  –  Principal portion: $193.92

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $11,622.93 $2,392.17 $192,407.83
2 $11,475.38 $2,539.71 $189,868.12
3 $11,318.74 $2,696.35 $187,171.77
4 $11,152.43 $2,862.66 $184,309.11
5 $10,975.87 $3,039.22 $181,269.89
6 $10,788.42 $3,226.67 $178,043.21
7 $10,589.40 $3,425.69 $174,617.52
8 $10,378.12 $3,636.98 $170,980.55
9 $10,153.79 $3,861.30 $167,119.25
10 $9,915.64 $4,099.46 $163,019.79
11 $9,662.79 $4,352.30 $158,667.49
12 $9,394.35 $4,620.74 $154,046.75
13 $9,109.36 $4,905.74 $149,141.01
14 $8,806.78 $5,208.31 $143,932.70
15 $8,485.54 $5,529.55 $138,403.15
16 $8,144.49 $5,870.60 $132,532.55
17 $7,782.41 $6,232.69 $126,299.86
18 $7,397.99 $6,617.11 $119,682.76
19 $6,989.86 $7,025.23 $112,657.52
20 $6,556.56 $7,458.54 $105,198.99
21 $6,096.53 $7,918.56 $97,280.42
22 $5,608.13 $8,406.96 $88,873.46
23 $5,089.61 $8,925.48 $79,947.98
24 $4,539.10 $9,475.99 $70,471.99
25 $3,954.65 $10,060.45 $60,411.55
26 $3,334.14 $10,680.95 $49,730.59
27 $2,675.36 $11,339.73 $38,390.86
28 $1,975.95 $12,039.14 $26,351.72
29 $1,233.41 $12,781.69 $13,570.03
30 $445.06 $13,570.03 $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 Michigamme, MI


1500 sqft3900 sqft
Ø selling price$179,685$382,240
Ø fast selling$163,350$344,016
Ø high price sale$196,021$420,463

In 2026, houses in Michigamme, MI will be offered at an average price of $99 per square foot. A 1,500 sqft home priced at $179,685 is 21.00% more expensive per square foot than a 3,900 sqft home priced at $382,240. Home prices in Michigamme, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $264,627. Sellers who can wait longer may achieve a higher price of up to $323,433.


Discover Michigamme, MI

Nestled in Marquette County, Michigamme, MI is a quiet Upper Peninsula village known for pristine forests, clear waters, and small-town hospitality.

Outdoor Recreation on Lake Michigamme

At the heart of the community, Lake Michigamme invites visitors to enjoy boating, paddling, and sandy shoreline picnics.
Anglers prize the lake for walleye, pike, and bass, while birders scan for loons and eagles along secluded coves.
Trail networks nearby offer hiking, mountain biking, snowshoeing, and snowmobiling across scenic granite outcrops and pine stands.

History and Local Culture

The area?s heritage reflects iron mining and logging traditions, celebrated in local museums, murals, and seasonal events.
Historic architecture and roadside landmarks along US-41 and M-28 hint at the region?s role in opening the western U.P.

Travel Tips and Lodging

Visitors find cozy cabins, campgrounds, and lakeside rentals, with additional amenities and dining options a short drive toward Ishpeming and Negaunee.
Family-friendly businesses provide kayak rentals, bait and tackle, and guide services to help first-timers explore safely.
Autumn brings spectacular fall colors, while winter delivers deep powder and dark-sky stargazing far from city lights.

Plan Your Visit

Plan your getaway to Michigamme, Michigan to experience four-season outdoor adventure, relaxed waterfront living, and authentic U.P. charm.



FAQ – Home Values in Michigamme

What is the median home value in Michigamme in 2026?

In 2026, the typical home value in Michigamme is about $194,800 for an average home size of 1984 square feet. This corresponds to an average price of roughly $99 per square foot.

What is the average cost per square foot in Michigamme?

In 2026, homes in Michigamme sell for an average of around $99 per square foot, with a typical range between $98 and $98 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 Michigamme is about 1984 square feet, with an estimated 2026 value around $194,800.



Locations close to Michigamme, MI

Munising, MI115 $ / ft²
Nadeau, MI115 $ / ft²
Nahma, MI224 $ / ft²
Menominee, MI93 $ / ft²
Marquette, MI204 $ / ft²
Manistique, MI57 $ / ft²
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