Median home value in zip code 49861 (Michigamme, MI) is $197,522, up 8.9% year over year. Part of the Marquette, MI metropolitan area.

Home Value$197,522

YoY Change

+8.9%

Prices rising — worse for buyers.

Affordability

Enter your income for 49861 (Michigamme).

Income (annual)

Down Payment

$39,504 on $197,522

Example: $75,000 household income. Change it above to see your own.

Affordable22.2% of income

Under the 28% guideline.

PITI$1,386

P/I22.2%

Afford$249K

Room+$52K

P&I $999Tax $253Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

49861 is part of the Marquette, MI metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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