Ishpeming, MI — Momentum Score, Home Values & Best-For

All states·Michigan·Ishpeming

Marquette County · Marquette · population 6,207

AffordabilityInvestorsSmall-town feel
OverviewCost of livingMoving guide
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78
Hot
Momentum score · 0–100

Where Ishpeming stands

At or near all-time high. home values up 8.1% in the last year. averaging 8.4% annual growth over 5 years.

Median home $186,537
1-year +8.1%
5-yr CAGR +8.4%
vs 5-yr peak +0.0%
Population +0.3%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2026-04$187k$87k$122k$158k$194k201620182020202220242026

Lifestyle scores

🚶
Walkability
25/100
Very car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
10/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
58/100
Workable for remote workers
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

How the momentum score breaks down

methodology →
Home YoY
86 · w22%
Home 5-yr CAGR
80 · w22%
Distance from peak
90 · w18%
Population growth
50 · w16%
Home 10-yr CAGR
75 · w10%
Long thesis

Ishpeming has averaged 8.4% annual appreciation over five years and the trend is still live (+8.1% in the last 12 months). When a momentum trade keeps working, the simplest explanation is usually correct: more people want in.

Short thesis

Ishpeming's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.

About Ishpeming

Ishpeming is a city in Marquette County, Michigan, with an estimated population of 6,207. It anchors the Marquette metro area. The median home value in Ishpeming is $186,537 as of 2026-04, up 8.1% over the last 12 months. Over the last five years, home values have averaged +8.4% annual growth, with prices at or near the 5-year peak. The composite momentum score is 78 of 100 (Hot). Buyers should expect competition and limited negotiation room in this market.

▲ Bull case

●Multi-year compounder: home values up an average 8.4% per year over the last 5 years — sustained, not a one-year pop.
●Trend still working: prices up 8.1% in the last 12 months — buyers are still chasing inventory.
●Affordable AND rising: median home $186,537 with positive recent direction — rare combination most of the country can’t offer.
●Held the highs: currently +0.0% from the 5-year peak — this market refused to give back gains.

▼ Bear case

○Thin housing market: small population means fewer transactions and slower resale. Liquidity risk on exit.
○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

Playbook

Buyer

Expect competition, escalation clauses, and pressure to waive inspections. Make your strongest offer up front — Hot markets reward decisiveness, not negotiation. If you can't write a clean offer, you may not be the best fit for this market right now.

Seller

Price slightly above recent comps and let multiple offers work. Days-on-market should be short. Don't accept the first offer in the first 48 hours unless it's significantly above ask.

Investor

Cap rates will look ugly in a Hot market — your thesis has to be appreciation, not yield. Don't expect cash flow; expect to ride the trend and exit before it stalls.

Local safety & alerts

No active National Weather Service alerts for Marquette County right now.

NWS active alerts (MI)Michigan Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Marquette County routes NWS alerts; check the state EM portal for non-weather emergencies.

Cities like Ishpeming

Gladstone, MI75 · RisingAlpena, MI73 · RisingManistee, MI77 · RisingMarquette, MI81 · Hot

Run the numbers for Ishpeming

ToolCan I afford Ishpeming?Income → city shortlistToolROI on a Ishpeming rentalCap rate, cash-on-cash, DSCRToolCompare Ishpeming to anywhereSide-by-side up to 3 citiesToolIshpeming cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
30° / 16°
avg high / low
Summer (Jul)
82° / 61°
avg high / low
Sunny days/yr
175
~48% of year
Annual precip
33″ rain
50″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Very low
Tornado
Moderate
Wildfire
Very low
Earthquake
Very low
Flood
Low

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Current weather

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7-day forecast on weather.gov →

Find rentals & listings

Open current Ishpeming listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local sports teams

Major professional teams the Marquette area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Local economy & environment

Humidity
72%
Humid climate
Median household income
$68,500
Michigan state median
Top industries (state-level)
Manufacturing (auto)HealthcareTech (Detroit)

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

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