Wakefield, Michigan.
Typical home $108,699 (+11.0% in a year).
to buy the typical home at today's mortgage rate — +$346 (+154%) since Jan 2020.
- 1 year
- Up $10,755 +11%
- $97,944$108,699 since Sep 2025
- 5 years
- Up $25,457 +31%
- $83,242$108,699 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.
- Wakefield$571
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in Wakefield, MI rose 11.0% over the past year — faster than the nation's +1.2%.
Living in Wakefield, Gogebic County, Michigan
Wakefield is a city of 1,702 people in Gogebic County. Half its households earn more than $55,759 a year and half less, against $52,732 across Gogebic County; 15% of its people live below the poverty line. 82% of its homes are lived in by their owners and 18% are rented. Unemployment in Gogebic County was 6.1% in August 2026, and the county had 3.9% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then construction.
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 It can be wrong or out of date.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. Wakefield is a small city in Gogebic County, in the far western Upper Peninsula of Michigan. Most homes are lived in by their owners, and typical home values are modest. Household incomes run a little above the county's, though a noticeable share of residents live below the poverty line, and few adults hold a four-year degree. Winters are cold, with January the coldest month and highs staying below freezing, while summers are mild and July is the warmest month.
Work. Many residents work in schools, hospitals and social care, followed by the building trades, manufacturing, and restaurants and hotels. The largest workplaces in town include the Gogebic Medical Care Facility, the Wakefield-Marenisco School District and the State Police Post. Unemployment in Gogebic County is a little higher than in much of the country, and the county has fewer jobs than it did a year earlier. Most people work away from home, and the typical commute is a short one.
Things to do. Snow River Mountain Resort, a ski area, is in or beside town, and with winters this cold, skiing is a natural way to spend them. Blackjack Ski Resort and Big Powderhorn Mountain, which are also ski areas, are a short drive away. The Little Presque Isle River, a river, is also a short drive away.
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- 741households
- 13%of adults have a degree
- 15%below the poverty line
- 22 mintypical commute
- 3%work from home
What residents work in
Employed residents by industry, from the Census survey. Gogebic County had 4,848 jobs in 2025, 3.9% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 20° and lows near 2°; warmest in July, with highs near 77° and lows near 55°.
Average daily high and low, 1991–2020, at the Ironwood #2 weather station, 10 miles away (NOAA).
Largest workplaces in Wakefield
- Gogebic Medical Care FacilitySkilled nursing facilities150
- Wakefield-Marenisco School DistrictSchool district32FTE
- State Police Post - WakefieldState police20
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 2 workplaces with 20 or more staff, 170 people in all. School districts come 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
- LightningVery high
- Winter weatherVery high
- Cold wavesRelatively high
- Strong windRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Wakefield’s census tracts, against the rest of the country; all of them together, relatively low. 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 Gogebic County.
Wakefield home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Wakefield$108,699
- Michigan$263,760
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
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.
- Wakefield10
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Wakefield address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Wakefield — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.