What is the median home value in Skandia Township, MI?
The median value of owner-occupied homes in Skandia Township, MI is $205,400 (±$34,218), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Skandia Township, the median home value went from $140,000 in 2015–2019 to $205,400 in 2020–2024 (+46.7%).
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
- $205,400 (±$34,218)
- Owner-occupied homes
- 343 (±67)
- Most common range
- $200,000 to $299,999
Home values in Skandia Township
| Value | Skandia Township | Marquette County | Michigan | United States |
|---|---|---|---|---|
| Less than $50,000 | 12.2% (±6.0 points) | 8.2% | 7.6% | 5.3% |
| $50,000 to $99,999 | 12.8% (±6.0 points) | 10.7% | 9.2% | 6.1% |
| $100,000 to $149,999 | 7.6% (±4.5 points) | 11.0% | 10.6% | 6.8% |
| $150,000 to $199,999 | 15.5% (±6.1 points) | 14.7% | 14.1% | 9.0% |
| $200,000 to $299,999 | 28.6% (±9.3 points) | 26.2% | 23.4% | 17.8% |
| $300,000 to $499,999 | 16.9% (±5.9 points) | 21.2% | 24.1% | 26.9% |
| $500,000 to $999,999 | 5.8% (±4.4 points) | 6.9% | 9.2% | 20.9% |
| $1,000,000 or more | 0.6% (±1.0 points) | 1.2% | 1.6% | 7.1% |
The most common range is $200,000 to $299,999, 28.6% 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.
Skandia Township against Marquette County, its state and the nation
| Skandia Township | Marquette County | Michigan | United States | |
|---|---|---|---|---|
| Median home value | $205,400 (±$34,218) | $216,500 (±$5,359) | $231,600 (±$642) | $332,700 |
| Owner-occupied homes | 343 (±67) | 19,679 (±427) | 2,984,190 (±12,886) | 84,210,142 |
In Skandia Township, the median home value is not measurably different from Marquette County ($216,500).
It is not measurably different from Michigan ($231,600).
It is lower than the national figure ($332,700).
In Marquette County, Skandia Township ranks 9 of 22 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 696 of 1,518.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Skandia Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $140,000 (±$18,600) | $205,400 (±$34,218) | +46.7% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,200 (±$119) | $1,470 (±$202) | +22.5% | No measurable change after inflation |
| Median real estate taxes | $1,289 (±$145) | $1,642 (±$189) | +27.4% | 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 Skandia Township
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Skandia Township | — | $205,400 (±$34,218) | — |
| West Branch Township (Marquette County) | 6.6 mi | $259,500 (±$30,651) | Higher |
| Rock River Township | 8.5 mi | $213,800 (±$23,027) | Not measurably different |
| K. I. Sawyer | 9.2 mi | $87,300 (±$13,937) | Lower |
| Limestone Township | 9.6 mi | $204,800 (±$23,139) | Not measurably different |
| Chocolay Charter Township | 9.7 mi | $246,800 (±$18,836) | Higher |
| Turin Township | 11 mi | $106,900 (±$34,093) | Lower |
| Chatham | 12 mi | $131,300 (±$60,975) | Lower |
| Onota Township | 13 mi | $330,500 (±$45,870) | Higher |
Nearby places with a measurably lower figure: K. I. Sawyer, MI ($87,300), Turin Township, MI ($106,900), Chatham, MI ($131,300).
Nearby places with a measurably higher figure: West Branch Township (Marquette County), MI ($259,500), Chocolay Charter Township, MI ($246,800), Onota Township, MI ($330,500).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Marquette County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 3 | Marquette | $274,700 (±$15,640) |
| 4 | West Branch Township (Marquette County) | $259,500 (±$30,651) |
| 5 | Sands Township | $259,200 (±$32,953) |
| 6 | Chocolay Charter Township | $246,800 (±$18,836) |
| 7 | Michigamme Township | $227,300 (±$78,344) |
| 8 | Ishpeming Township | $206,400 (±$18,042) |
| 9 | Skandia Township | $205,400 (±$34,218) |
| 10 | Ely Township | $196,300 (±$19,220) |
| 11 | Wells Township (Marquette County) | $177,500 (±$68,340) |
| 12 | Negaunee | $170,100 (±$14,623) |
| 13 | Forsyth Township | $168,700 (±$16,652) |
| 14 | Ewing Township | $164,400 (±$17,906) |
| 15 | Powell Township | $164,200 (±$6,266) |
Showing 13 of 22 places in Marquette 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 Skandia Township
What is the average home value in Skandia Township, MI?
The Census Bureau publishes the median: $205,400 (±$34,218) for owner-occupied homes in Skandia Township (2020–2024 American Community Survey).
Have home values in Skandia Township gone up?
In Skandia Township, the median home value went from $140,000 in 2015–2019 to $205,400 in 2020–2024 (+46.7%).
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 Skandia Township 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 — Skandia township, Marquette County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Skandia township, Marquette County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Skandia township, Marquette County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Skandia township, Marquette County, 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 Skandia township, Marquette County, Michigan (county subdivision:74110, in state:26 county:103).
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 .
Related
- Housing in Skandia Township at a glance
- Income and affordability in Skandia Township
- Homeowner costs in Skandia Township
- Property taxes in Skandia Township
- Types of homes in Skandia Township
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- Age of homes in Skandia Township
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- Michigan landlord and tenant rules
- Housing across Marquette County
- Michigan places ranked by median home value
- Housing data for every place in Michigan