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Michigamme 49861

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.Michigan
$728K
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
2
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$290K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Apr 2026 · Quarterly intervals (lower sales volume)Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Housing Stock

HomesHow many homes we have records for in this area.879
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$290K
Median sizeThe middle home size here, measured in square feet.1,080 ft²
Median bedroomsThe middle bedroom count for homes here.2
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1964
Single familyThe share of homes here that are single-family houses.100%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.93%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.0.4%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.31%
Company ownedThe share of homes owned by a company or trust instead of a person.19%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.0%
Typical ownership tenureHow long the typical owner here has held their home.20.1 yrs

CommunityThese are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.158
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.84
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.11

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.49%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.15%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.12%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.445
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$60K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$76K
Average tempThe average temperature here across a full year.40°F
Annual precipHow much rain and melted snow falls here in a typical year.34 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.45%

How Michigamme 49861 compares

By median home value, Michigamme 49861 is the 1st most expensive of 6 ZIP codes in Baraga County, and its typical home is worth more than 66% of all homes in Baraga County.

Home values in Michigamme 49861

Share of homes at each estimated value.

Median
$68K$771K
ZIP codes in Baraga County ranked by median home value
#Baraga CountyMedian valueHomes
1Michigamme 49861$290K879
2Watton 49970$282K242
3Covington 49919$280K246
4Skanee 49962$261K442
5Lanse 49946$260K2,692
6Baraga 49908$211K1,230

About the Michigamme 49861 market

What is the median home price in Michigamme 49861, MI?

The median sale price in Michigamme 49861, MI is $727,500 (data through April 2026), based on deeds recorded with the county.

How many homes sell in Michigamme 49861, MI each year?

2 homes sold in Michigamme 49861, MI over the last 12 months (data through April 2026). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

How many homes are there in Michigamme 49861, MI?

Michigamme 49861, MI contains 879 residential properties, with a median of 1,080 square feet, 2 bedrooms, built around 1964. The median TopHap Estimate is $290K.

How does Michigamme 49861, MI compare to the rest of Baraga County?

By median home value, Michigamme 49861, MI is the 1st most expensive of 6 ZIP codes in Baraga County. Its typical home is worth more than 66% of all homes in Baraga County. Watton 49970 just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Michigamme 49861, MI?

31% of homes in Michigamme 49861, MI are owner-occupied. 19% are held by a company rather than an individual.

How much equity do owners in Michigamme 49861, MI hold?

93% of mortgaged homes in Michigamme 49861, MI are equity-rich, meaning the loan balance is under half the home's value. 0.4% owe more than the home is worth.

Nearby markets

Browse addresses

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Explore Michigamme 49861 on the map

See every recorded sale, price heat map, school zone and flood overlay across Michigamme 49861 in TopHap’s interactive 3D map.

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A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
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