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Affordable
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These days, finding an affordable place to live in the Ishpeming area can be challenging. Home prices in Ishpeming are now at a median cost of $146,180, lower than the Michigan average of $250,415.
The average cost of rent is $866/mo in Ishpeming, primarily driven by the current value of real estate in the Ishpeming area. In Ishpeming, 19.84% of households rent, and 43.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ishpeming is $6,013 per month. Households that rent pay about 14.41% of their income on rent here. Ishpeming’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Lake, MI: higher priced homes
- Negaunee, MI: higher priced homes
- Diorite, MI: higher priced homes
- Palmer, MI: less expensive homes
- National Mine, MI: higher priced homes
- Champion, MI: higher priced homes
- Trowbridge Park, MI: higher priced homes
- Harvey, MI: higher priced homes
- Marquette, MI: higher priced homes
- Sands, MI: higher priced homes
Cities with Similar Populations
- Fairview, OR: higher priced homes
- Forest Acres, SC: higher priced homes
- Florence, MA: higher priced homes
- Finksburg, MD: higher priced homes
- Fife, WA: higher priced homes
- Felton, DE: higher priced homes
- Farmingdale, NY: higher priced homes
- Farmersville, CA: higher priced homes
- Fallston, MD: higher priced homes
- Falling Waters, WV: higher priced homes
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