Watersmeet, Michigan.
Typical home $296,897 (+4.4% in a year).
to buy the typical home at today's mortgage rate — +$911 (+141%) since Jan 2020.
- 1 year
- Up $12,410 +4%
- $284,487$296,897 since Sep 2025
- 5 years
- Up $52,284 +21%
- $244,613$296,897 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.
- Watersmeet$1,558
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 18 years.
Typical home values in Watersmeet, MI rose 4.4% over the past year — faster than the nation's +1.2%.
Living in Watersmeet, Gogebic County, Michigan
Watersmeet, in Gogebic County, had 408 people in the 2020 census. Half its households earn more than $63,452 a year and half less, against $52,732 across Gogebic County. 99% of its homes are lived in by their owners and 1% 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 people in Gogebic County work in schools and health care, then shops.
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 It can be wrong or out of date.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. Watersmeet is a very small community in Gogebic County, in Michigan's Upper Peninsula, and almost everyone who lives there owns their home. Household incomes run higher than across the county as a whole, and few adults hold a four-year degree. Winters are long and cold, with January the coldest month and plenty of snow, while July brings warm days, and precipitation through the year comes as rain and melted snow.
Work. Residents mostly work in schools, hospitals and social care, followed by shops, manufacturing, and restaurants, hotels and entertainment. Across Gogebic County, the largest workplaces include Aspirus Ironwood Hospital, Snowriver Mountain Resort and Ironwood Area Schools. Unemployment across the county is little changed from a year ago, and the county has fewer jobs than it did the year before.
Things to do. Bond Falls is a waterfall a short drive away, and Sylvania Wilderness, a protected area of forest and lakes, is also a short drive away. Clark Lake is another nearby lake, close enough for a quick trip. For a longer outing, Ottawa National Forest is a larger protected area a longer drive off.
Report a mistake
- 7%of adults have a degree
What people in Gogebic County 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 21° and lows near 2°; warmest in July, with highs near 78° and lows near 52°. About 33 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Paulding weather station, 7 miles away (NOAA).
Largest workplaces in Gogebic County
- WalmartWarehouse clubs and supercenters250
- Aspirus Ironwood HospitalCritical access hospital177FTE
- Snowriver Mountain ResortAlpine skiing facilities with accommodations153
- Gogebic Medical Care FacilitySkilled nursing facilities150
- Ironwood Area Schools of Gogebic CountySchool district118FTE
- Gogebic County Community Mental Health AuthorityMental health facilities, residential115
- Bessemer PlywoodHardwood veneer or plywood manufacturing108
- Gogebic Community CollegeTwo-year college87
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 19 workplaces with 20 or more staff, 1,762 people in all across the county; Watersmeet has two of its own. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (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 wavesVery high
- Strong windRelatively high
- HailRelatively moderate
- Ice stormsRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Watersmeet’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 Gogebic County.
Watersmeet home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Watersmeet$296,897
- 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.
Sellers are cutting prices on about 1 in 6 Watersmeet listings — the market is roughly in balance.
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
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Watersmeet17
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Watersmeet address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Watersmeet — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.