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Bessemer, MI
Full City Profile · Michigan · Iron County County
3.1
/5.0
B
Good
1,778
Population
323/sq mi density
$50,792
Median Income
$28,189 per capita
$76,100
Home Value
$103,735 Zillow
$504
Median Rent
25.0% income on rent
40°F
Avg Temperature
253 sunny days/yr
156
Violent Crime/100K
1,811 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$50,792 median income, 2.6% unemployment
A+
Affordability
5.0 / 5.0
$76,100 home value, $504/mo rent
F
Safety
1.0 / 5.0
156 violent crimes/100K
C+
Education
2.6 / 5.0
19.9% bachelor's degree or higher
Housing Overview
Median Home Value
$76,100
73% below
US avg: $281,900
Median Rent
$504/mo
57% below
US avg: $1,163/mo
Homeownership Rate
75.4%
15% above US avg (65.4%)
Total Housing Units
1,123
Median year built: 1945
Home Value by Source
Census Median
$76,100
Zillow (ZHVI)
$103,735
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
75.4%
Owner-Occupied
24.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$504/mo
Affordability & Housing Stock
Rent Burden
25.0%
of renters spending 30%+ of income on housing
19% below US avg (31.0%)
Median Year Built
1945
Average age of housing stock: 81 years
Homeownership Rate
75.4%
Complete Housing Data
Home Values
| Census Median Value | $76,100 |
| Zillow Home Value (ZHVI) | $103,735 |
Rent
| Census Median Rent | $504 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 75.4% |
| Renter-Occupied | 24.6% |
| Homeownership Rate | 75.4% |
| Total Housing Units | 1,123 |
| Median Year Built | 1945 |
| Rent Burden | 25.0% |