What is the median home value in Gaastra, MI?
The median value of owner-occupied homes in Gaastra, MI is $49,200 (±$14,346), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Gaastra, the median home value went from $49,000 in 2015–2019 to $49,200 in 2020–2024 (+0.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median home value
- $49,200 (±$14,346)
- Owner-occupied homes
- 110 (±28)
- Most common range
- Less than $50,000
Home values in Gaastra
| Value | Gaastra | Iron County | Michigan | United States |
|---|---|---|---|---|
| Less than $50,000 | 50.9% (±12.0 points) | 20.1% | 7.6% | 5.3% |
| $50,000 to $99,999 | 19.1% (±8.7 points) | 25.7% | 9.2% | 6.1% |
| $100,000 to $149,999 | 8.2% (±5.9 points) | 14.6% | 10.6% | 6.8% |
| $150,000 to $199,999 | 9.1% (±7.8 points) | 11.4% | 14.1% | 9.0% |
| $200,000 to $299,999 | 6.4% (±6.1 points) | 12.6% | 23.4% | 17.8% |
| $300,000 to $499,999 | 1.8% (±2.9 points) | 10.3% | 24.1% | 26.9% |
| $500,000 to $999,999 | 4.5% (±4.0 points) | 4.3% | 9.2% | 20.9% |
| $1,000,000 or more | 0.0% (±23.6 points) | 1.1% | 1.6% | 7.1% |
The most common range is Less than $50,000, 50.9% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Gaastra against Iron County, its state and the nation
| Gaastra | Iron County | Michigan | United States | |
|---|---|---|---|---|
| Median home value | $49,200 (±$14,346) | $109,100 (±$6,805) | $231,600 (±$642) | $332,700 |
| Owner-occupied homes | 110 (±28) | 4,687 (±193) | 2,984,190 (±12,886) | 84,210,142 |
In Gaastra, the median home value is lower than in Iron County ($109,100).
It is also lower than in Michigan ($231,600).
It is lower than the national figure ($332,700).
In Iron County, Gaastra ranks 11 of 11 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 1518 of 1,518.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Gaastra have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $49,000 (±$6,959) | $49,200 (±$14,346) | +0.4% | No measurable change after inflation |
| Median owner cost with a mortgage | $740 (±$65) | $755 (±$76) | +2.0% | Down after inflation |
| Median real estate taxes | $1,125 (±$193) | $1,111 (±$200) | −1.2% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near Gaastra
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Gaastra | — | $49,200 (±$14,346) | — |
| Caspian | 1.2 mi | $79,100 (±$16,183) | Higher |
| Iron River | 3.2 mi | $85,000 (±$12,485) | Higher |
| Town of Tipler | 7.5 mi | $111,800 (±$24,032) | Higher |
| Alpha | 11 mi | $34,100 (±$17,654) | Not measurably different |
| Town of Alvin | 12 mi | $182,500 (±$79,019) | Higher |
| Bates Township | 13 mi | $163,200 (±$66,724) | Higher |
| Town of Long Lake (Florence County) | 13 mi | $118,300 (±$50,055) | Higher |
| Crystal Falls | 14 mi | $83,300 (±$12,707) | Higher |
Nearby places with a measurably higher figure: Caspian, MI ($79,100), Iron River, MI ($85,000), Town of Tipler, WI ($111,800).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Iron County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 5 | Iron River Township | $153,600 (±$43,539) |
| 6 | Mastodon Township | $124,000 (±$55,689) |
| 7 | Hematite Township | $87,600 (±$21,176) |
| 8 | Iron River | $85,000 (±$12,485) |
| 9 | Crystal Falls | $83,300 (±$12,707) |
| 10 | Caspian | $79,100 (±$16,183) |
| 11 | Gaastra | $49,200 (±$14,346) |
Showing 7 of 11 places in Iron County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Gaastra
What is the average home value in Gaastra, MI?
The Census Bureau publishes the median: $49,200 (±$14,346) for owner-occupied homes in Gaastra (2020–2024 American Community Survey).
Have home values in Gaastra gone up?
In Gaastra, the median home value went from $49,000 in 2015–2019 to $49,200 in 2020–2024 (+0.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Is this what homes in Gaastra sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Gaastra city, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Gaastra city, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Gaastra city, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Gaastra city, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Gaastra city, Michigan (place:31160, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .