Housing market · ZIP 49861

Michigamme, MI Home Prices & Forecast

Median value and 12-month outlook · as of April 2026

Median home value

$213,642

3-month+3.3%

6-month+7.2%

12-month+10.4%

Touse 12-month forecast

+4.4%

Projected median near $223,034 over the next 12 months

As of April 2026, the median home value in Michigamme, MI (ZIP 49861) is $213,642. Prices are rising, up 10.4% over the past year. Touse's model projects a +4.4% change over the next 12 months, putting the median near $223,034.

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Nearby areas in Marquette

Big Bay 49808 Champion 49814 Arnold 49819 Little Lake 49833 Gwinn 49841 Ishpeming 49849 Marquette 49855 National Mine 49865

Estimates are derived from Zillow Research price history and Touse's forecasting model (LightGBM + Prophet). Forecasts are 12-month projections with inherent uncertainty, not guarantees, and are not financial advice. Confirm with a licensed professional before any decision.