Republic, Michigan.
Typical home $172,532 (+8.8% in a year). Marquette, MI metro.
to buy the typical home at today's mortgage rate — +$533 (+143%) since Jan 2020.
- 1 year
- Up $13,985 +9%
- $158,547$172,532 since Sep 2025
- 5 years
- Up $44,754 +35%
- $127,778$172,532 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.
- Republic$906
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Republic, MI rose 8.8% over the past year — faster than the nation's +1.2%.
Living in Republic, Iron County, Michigan
Republic, in Iron County, had 470 people in the 2020 census. 89% of its homes are lived in by their owners and 11% are rented. Unemployment in Iron County was 6.2% in August 2026, and the county had 1.1% fewer jobs in 2025 than the year before. The most people in Iron County work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Republic is a very small community in Iron County, in Michigan's Upper Peninsula, and nearly everyone who lives here owns their home. Homes are modest in price, though incomes run below the county's and more people live below the poverty line than is typical. Winters are long and cold, with January highs well below freezing and lows near zero, while July is pleasantly warm.
Work. Residents work mostly in schools, hospitals and social care, with others in manufacturing, shops, and restaurants and hotels. Across Iron County, larger workplaces include Iron County Medical Care Facility, Aspirus Iron River Hospital & Clinic and West Iron County Public Schools. Jobs in the county have slipped slightly over the past year, and the commute to work tends to be a long one, so most people drive to their jobs.
Things to do. Lake Michigamme is a short drive away and is the best known of the nearby waters, with the Second River, the Peshekee River and Greenwood Reservoir also close by. The Vista Theater, also a short drive away, offers a night out indoors. For some local history, the Cliffs Shaft Mine Museum is a longer drive away.
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- 261households
- 11%of adults have a degree
- 18%below the poverty line
- 30 mintypical commute
- 6%work from home
What people in Iron County work in
Employed residents by industry, from the Census survey. Iron County had 3,371 jobs in 2025, 1.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 23° and lows near 2°; warmest in July, with highs near 77° and lows near 50°.
Average daily high and low, 1991–2020, at the Champion Van Riper Pk weather station, 8 miles away (NOAA).
Largest workplaces in Iron County
- Iron County Medical Care Facility201
- J.F. Leman & CompanyNaval ship building126
- Aspirus Iron River Hopsital & ClinicCritical access hospital119FTE
- West Iron County Public SchoolsSchool district99FTE
- VestisIndustrial launderers89
- Forest Park School DistrictSchool district60FTE
- Holm BuildersLumber, softwood dimension, resawing purchased lumber28
- Hebert Construction CompanyPavement, highway, road, street, bridge or airport runway, construction24
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 8 workplaces with 20 or more staff, 745 people in all across the county; Republic has one of its own. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesVery high
- HailRelatively high
- Winter weatherRelatively high
- WildfireRelatively moderate
- LightningRelatively moderate
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Republic’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Iron County and the Marquette, MI metro.
Republic home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Republic$172,532
- Michigan$263,760
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Republic13
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Republic address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Republic — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.