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Ishpeming, MI

Full City Profile · Michigan · Marquette County County

3.0 /5.0
B Good
6,173 Population 705/sq mi density
$52,717 Median Income $26,740 per capita
$109,200 Home Value $176,729 Zillow
$688 Median Rent 31.4% income on rent
40°F Avg Temperature 249 sunny days/yr
187 Violent Crime/100K 1,012 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.0 / 5.0
$52,717 median income, 5.2% unemployment
A+
Affordability
5.0 / 5.0
$109,200 home value, $688/mo rent
F
Safety
1.0 / 5.0
187 violent crimes/100K
B
Education
3.1 / 5.0
26.3% bachelor's degree or higher

Housing Overview

Median Home Value
$109,200
61% below
US avg: $281,900
Median Rent
$688/mo
41% below
US avg: $1,163/mo
Homeownership Rate
71.0%
9% above US avg (65.4%)
Total Housing Units
2,844
Median year built: 1941

Home Value by Source

Census Median
$109,200
Zillow (ZHVI)
$176,729
Median Sale Price
$238,500
Median List Price
$165,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

71.0%
Owner-Occupied
29.0%
Renter-Occupied
71%
29%
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: $688/mo

Market Indicators (Redfin)

Median Days on Market
113 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
3
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$158
Active Inventory
11
homes for sale

Affordability & Housing Stock

Rent Burden
31.4%
of renters spending 30%+ of income on housing
1% above US avg (31.0%)
Median Year Built
1941
Average age of housing stock: 85 years
Homeownership Rate
71.0%

Complete Housing Data

Home Values

Census Median Value$109,200
Zillow Home Value (ZHVI)$176,729
Median Sale Price$238,500
Median List Price$165,000
Price Per Sq Ft$158

Rent

Census Median Rent$688
FMR Studio$807
FMR 1-Bedroom$891
FMR 2-Bedroom$1,113
FMR 3-Bedroom$1,419
FMR 4-Bedroom$1,588

Market

Days on Market113
Sale-to-List Ratio0.9%
Price Drops0.0%
Homes Sold3
Active Inventory11
Price Per Sq Ft$158

Ownership & Stock

Owner-Occupied71.0%
Renter-Occupied29.0%
Homeownership Rate71.0%
Total Housing Units2,844
Median Year Built1941
Rent Burden31.4%