MI area data
Wakefield, MI
Wakefield, MI.
Population: 2,203 (Census ACS)
The median home value in Wakefield, MI is $112,340 — up 10.9% over the past year. 1 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Very Low, with lightning, coldwave, winterweather the top-rated hazards. Cost of living is 8.0% below the US average (BEA, metro/state-level).
$112,340
Median home value
+10.9%
1-year change
Very Low
Hazard risk (county)
Home values & appreciation
- Median home value
- $112,340
- 1-year appreciation
- +10.9%
- 3-year appreciation
- +33.8%
- 5-year appreciation
- +37.7%
- All-time peak (2026-07)
- $112,340
- House Price Index (state)
- 387.5 (+5.5% YoY)
Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)
Market activity
- For-sale inventory
- 8
- New listings (monthly)
- 3
Source: recent area sales and market data (ZIP-level)
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%
Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)
Schools
- Total schools
- 1
- Elementary schools
- 0
- Middle schools
- 0
- High schools
- 0
- Schools include
- WakefieldMarenisco School
Source: NCES school directory, 2022-23 (school-address-based)
Natural hazards & flood risk
- Overall hazard risk (county)
- Very Low
- Top hazards (county)
- lightning, coldWave, winterWeather
- Notable hazard ratings (county)
- coldWave: Relatively Moderate · hail: Relatively Low · iceStorm: Relatively Low · lightning: Relatively High · strongWind: Relatively Low · winterWeather: Relatively Moderate
- Wildfire risk to homes (county)
- Higher than 16% of US counties
- Buildings in wildfire direct-exposure zone
- 63.4%
- Radon potential (county)
- Moderate radon potential — EPA Zone 2 of 3
- EPA Superfund (NPL) sites within 5 mi
- None
Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL
Climate (30-year normals)
- Average annual temperature
- 40.0°F
- Average high
- 50.0°F
- Average low
- 31.0°F
- Annual precipitation
- 38.2 in
- USDA plant hardiness zone
- 4a (extreme annual low -30 to -25°F)
Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)
Amenities
- National parks within ~60 mi
- 2
- Nearest national park
- North Country National Scenic Trail (46 mi)
- National parks include
- North Country National Scenic Trail, Apostle Islands National Lakeshore
- Airports within 30 mi
- 4
- Nearest airport
- Gogebic Iron County Airport (IWD) (12 mi)
- Hospitals nearby (~15 mi)
- 1,090
- Hospitals include
- MIZELL MEMORIAL HOSPITAL, CRENSHAW COMMUNITY HOSPITAL, CRENSHAW COMMUNITY HOSPITAL
- Avg hospital rating (CMS)
- 3.1 / 5
- Best hospital rating nearby (CMS)
- 5.0 / 5
- Solar radiation rating
- Fair (3.7 kWh/m²/day)
Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)
Migration
- Net migration (county)
- +82 tax filers
Source: IRS county-to-county migration data (county-level, ~12-month lag)
Housing stock
- Median year housing built
- 1,952
- Housing built before 1970
- 73.0%
- Housing built 2000 or later
- 7.3%
- Median annual property tax
- $1,304
- Mean commute to work
- 23 min
- Households with broadband internet
- 68.9%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 3,596
- Average weekly wage
- $878
- Top industries (by employment)
- Accommodation & Food, Other Services, Construction
- Annual residential building permits (county)
- 24
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| Wakefield | State median | US median | |
|---|---|---|---|
| Median home value | $112,340 | $246,351 | $289,727 |
| Median annual property tax | $1,304 | $2,175 | $2,006 |
State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.
Area data compiled from public government, academic, and industry research feeds. Data sources →
Common questions
- What is the median home value in Wakefield, MI?
- $112,340.
- What is the natural-hazard risk in Wakefield, MI?
- Overall risk: Very Low (FEMA NRI, county-level). Top hazards: lightning, coldWave, winterWeather.
- What is the wildfire risk in Wakefield, MI?
- Risk to homes is higher than 16% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
- What is the radon potential in Wakefield, MI?
- Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near Wakefield, MI?
- No current or proposed National Priorities List sites within 5 miles (EPA).
- How many schools serve Wakefield, MI?
- 1 schools (NCES, 2022-23).
- What is the cost of living in Wakefield, MI?
- Regional Price Parity: 92.0 (100 = US average) (Below Average) (BEA RPP, metro/state-level).
ZIP code for Wakefield
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Data last updated
Most recent source refresh: Sep 2026. See all data sources →