49968
Wakefield, Michigan.
Wakefield, Gogebic County, MI · population 2,203
to buy the typical home at today's mortgage rate — +$353 (+157%) since Jan 2020.
- 1 year
- Up $11,990 +12%
- $97,939$109,929 since Sep 2025
- 5 years
- Up $28,001 +34%
- $81,928$109,929 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 49968$577
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in zip 49968 rose 12.2% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Wakefield, MI — measured over the city limits, which is a different area from this zip.
Typical home value — 49968
Mid-tier homes, smoothed and seasonally adjusted.
- 49968$109,929
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 8.1 | 49911 | Bessemer | 2,729 | — | $118,084 |
| 11.9 | 49938 | Ironwood | 7,460 | — | $112,673 |
| 14.2 | 49947 | Marenisco | 673 | — | $249,052 |
| 18.8 | 49971 | White Pine | 369 | — | $101,043 |
| 19.7 | 54534 | Hurley | 2,393 | — | $144,573 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.