Housing data for Wakefield, MI
Wakefield, MI has an estimated 1,683 residents and 965 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Gogebic County.
17.9% of households rent.
The median gross rent is $649 a month.
Figures last updated on .
- Residents
- 1,683 (±228)
- Housing units
- 965 (±94)
- Households that rent
- 17.9%
- Median gross rent
- $649
- Residents since 2015–2019
- +10.1%
What stands out in Wakefield
Working from home: 2.8% (±1.7 points) in Wakefield, lower than in Gogebic County (7.5%).
Median home value: $79,100 (±$10,220) in Wakefield, lower than in Gogebic County ($107,200).
Median real estate taxes: $1,248 (±$85) in Wakefield, lower than in Gogebic County ($1,535).
Homes built before 1980: 93.3% (±12.8 points) in Wakefield, higher than in Gogebic County (78.7%).
- Commute and cars in Wakefield
- Home values in Wakefield
- Property taxes in Wakefield
- Age of homes in Wakefield
Housing in Wakefield at a glance
- Median rent: $649 median gross rent a month
- Rent by bedrooms: $667 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 38.3% of renters pay 30% or more of income
- Renters and owners: 17.9% of households rent
- Income and affordability: $55,759 median household income
- Home values: $79,100 median home value
- Homeowner costs: $1,026 median monthly cost with a mortgage
- Property taxes: $1,248 median real estate taxes a year
- Types of homes: 4.2% of homes are in buildings of 5 or more units
- Bedrooms: 53.9% of homes have 3 or more bedrooms
- Age of homes: 93.3% of homes were built before 1980
- Vacancy rate: 18.4% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 67.9% heat with utility gas
- Commute and cars: 21.7 minutes average trip to work
- Growth: +10.1% residents since 2015–2019
- How long people stay: 15.8% moved in since 2020
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Wakefield against Gogebic County, its state and the nation
| Wakefield | Gogebic County | Michigan | United States | |
|---|---|---|---|---|
| Residents | 1,683 (±228) | 14,319 (exact) | 10,077,761 (exact) | 334,922,499 |
| Housing units | 965 (±94) | 10,394 (±34) | 4,622,236 (±795) | 143,775,355 |
| Households that rent | 17.9% (±5.5 points) | 19.0% (±2.8 points) | 26.8% (±0.2 points) | 34.8% |
| Median gross rent | $649 (±$59) | $623 (±$44) | $1,129 (±$4) | $1,413 |
| Median household income | $55,759 (±$8,348) | $52,732 (±$3,913) | $72,875 (±$293) | $80,734 |
| Median home value | $79,100 (±$10,220) | $107,200 (±$6,245) | $231,600 (±$642) | $332,700 |
| Median real estate taxes (a year) | $1,248 (±$85) | $1,535 (±$111) | $2,904 (±$9) | $3,119 |
| Built before 1980 | 93.3% (±12.8 points) | 78.7% (±4.5 points) | 62.1% (±0.2 points) | 49.7% |
| Average commute | 21.7 minutes (±3.1) | 19.1 minutes (±1.8) | 24.2 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 88.5% (±4.5 points) | 85.9% (±2.2 points) | 90.5% (±0.1 points) | 91.0% |
| Median age of residents | 52.8 years (±8.7) | 51.2 years (±1.0) | 40.2 years (±0.1) | 38.9 years |
Wakefield covers 7.9 square miles of land, about 214 residents per square mile (Census Bureau Gazetteer).
How Wakefield has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 1,529 (±160) | 1,683 (±228) | +10.1% | Not a measurable change |
| Housing units | 919 (±72) | 965 (±94) | +5.0% | Not a measurable change |
| Median gross rent | $552 (±$51) | $649 (±$59) | +17.6% | No measurable change after inflation |
| Median home value | $56,900 (±$6,477) | $79,100 (±$10,220) | +39.0% | No measurable change after inflation |
| Median household income | $36,056 (±$3,332) | $55,759 (±$8,348) | +54.6% | Up after inflation |
| Median owner cost with a mortgage | $888 (±$114) | $1,026 (±$90) | +15.5% | No measurable change after inflation |
| Median real estate taxes | $1,182 (±$123) | $1,248 (±$85) | +5.6% | Down after inflation |
| Households that rent | 17.3% (±5.1 points) | 17.9% (±5.5 points) | +0.6 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±18.3 points) | 18.4% (±15.9 points) | +18.4 percentage points | Not a measurable change |
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.
Places near Wakefield
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Bessemer | 5.5 mi | $546 | $69,900 | 27.6% |
| Wakefield Township | 5.7 mi | — | $142,600 | 6.2% |
| Bessemer Township | 5.9 mi | $869 | $103,900 | 12.7% |
| Erwin Township | 9.8 mi | $850 | $185,200 | 5.0% |
| Ironwood | 10 mi | $622 | $83,100 | 27.9% |
| Ironwood Charter Township | 12 mi | $640 | $152,600 | 11.1% |
| Hurley | 13 mi | $678 | $86,700 | 27.1% |
| Montreal | 15 mi | $585 | $97,800 | 6.7% |
Places in Michigan most like Wakefield
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Tekonsha | $613 | $98,300 | $55,000 | 20.3% |
| Sebewaing | $649 | $98,700 | $48,125 | 25.1% |
| Kinde | $725 | $94,800 | $49,886 | 25.4% |
| Crystal Falls | $791 | $83,300 | $60,865 | 19.3% |
| Rogers City | $675 | $110,200 | $49,266 | 20.3% |
| Sterling | $775 | $89,200 | $61,563 | 12.3% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Michigan.
HUD Fair Market Rent for Wakefield, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $706 | $816 | $1,014 | $1,404 | $1,495 |
HUD income limits for Wakefield, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $17,600 | $29,300 | $46,850 |
| 2 people | $21,640 | $33,450 | $53,550 |
| 3 people | $27,320 | $37,650 | $60,250 |
| 4 people | $33,000 | $41,800 | $66,900 |
| 5 people | $38,680 | $45,150 | $72,300 |
| 6 people | $44,360 | $48,500 | $77,650 |
| 7 people | $50,040 | $51,850 | $83,000 |
| 8 people | $55,200 | $55,200 | $88,350 |
These are the limits HUD sets for its housing programs in the Gogebic County, MI, where HUD’s median family income for fiscal year 2026 is $70,500.
A program can use its own limits; tax-credit and local programs often do.
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 Wakefield
What is the average rent in Wakefield, MI?
The Census Bureau publishes the median rather than the average: the median gross rent in Wakefield is $649 (±$59) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
Are renters in Wakefield rent-burdened?
38.3% of renting households in Wakefield pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Wakefield?
Wakefield has an estimated 133 (±44) renting households, 17.9% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Wakefield?
The median household income in Wakefield is $55,759 (±$8,348) a year (2020–2024 American Community Survey).
What is the average home value in Wakefield, MI?
The Census Bureau publishes the median: $79,100 (±$10,220) for owner-occupied homes in Wakefield (2020–2024 American Community Survey).
What is the average mortgage payment in Wakefield?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Wakefield, MI is $1,026 (±$90) a month, including taxes, insurance and utilities.
Is Wakefield growing?
In Wakefield, the number of residents went from 1,529 in 2015–2019 to 1,683 in 2020–2024 (+10.1%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Wakefield city, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Wakefield city, Michigan
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Wakefield city, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Wakefield city, Michigan
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Wakefield city, Michigan
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Wakefield city, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Wakefield city, Michigan
- HUD Fair Market Rents, fiscal year 2027: Gogebic County, MI
- HUD Income Limits, fiscal year 2026: Gogebic County, MI
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
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 Wakefield city, Michigan (place:82780, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
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 .