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City · 6,181 residents · Marquette County, Michigan

Ishpeming , Michigan

In Ishpeming, a typical home is worth $111,900 and typical rent is $733 a month. Compared with all of Marquette County, the typical home value is 48% lower and typical rent is 23% lower.

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  • Typical home value

    $111,900

    48% below the county

    52% below Michigan

    • Ishpeming
    • Marquette
    • Michigan

  • Typical rent

    $733a month

    23% below the county

    35% below Michigan

    • Ishpeming
    • Marquette
    • Michigan

  • Typical household income

    $52,754a year

    19% below the county

    28% below Michigan

    • Ishpeming
    • Marquette
    • Michigan

  • Households that own their home

    70%

    About the same as the county

    3 points below Michigan

    • Ishpeming
    • Marquette
    • Michigan

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$201,417
8.4% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Ishpeming is in Marquette County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Marquette County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Ishpeming apart

What this place has that others do not, from public data, most unusual first.

  1. Ishpeming has the 6th lowest typical rent of the 175 cities in Michigan with more than 5,000 people ($733).

  2. The typical home in Ishpeming is worth $111,900, 48% less than in Marquette County as a whole ($216,500).

  3. According to Zillow, in the 12 months to September 2026 the typical home value in Ishpeming rose 8.4%; in Michigan, it rose 3.8%.

  4. The typical household income in Ishpeming is $52,754, 19% less than in Marquette County as a whole ($65,429).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Ishpeming

What homes there are in Ishpeming, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

As in Marquette County, most homes in Ishpeming are detached houses (68%).

Year built

The typical home in Ishpeming was built in 1941, 30 years before the typical one in Marquette County.

There are fewer big homes in Ishpeming than in Marquette County: 53% have 3 bedrooms or more, against 56%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

At least 79% of rented homes in Ishpeming cost less than $1,000, below HUD's 2-bedroom fair market rent ($1,199).

With a mortgage

$1,077 a month

Marquette County: $1,379 a month

Without a mortgage

$552 a month

Marquette County: $509 a month

Owners with a mortgage

53%

Marquette County: 55%

In Ishpeming, 53% of owners have a mortgage, and their typical cost is $1,077 a month, against $1,379 in Marquette County. Without one it drops to $552.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Ishpeming rose 30% since 2015–2019, less than in Marquette County (41%).

Rents in Ishpeming rose faster than in Marquette County: 43% since 2015–2019, against 29%.

The typical household income in Ishpeming rose 14%: less than home values (+30%) and rent (+43%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureIshpemingMarquette CountyMichiganUnited States
Rental vacancy Unreliable estimate2.9%5.1%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimateUnreliable estimate1.6%3.4%
People per household 2.412.232.422.53
Drive alone 76%77%74%69%
Carpool Unreliable estimate9%8%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike 8%6%2%3%
Work from home 8%8%14%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate10 to 19 minutes20 to 29 minutes20 to 29 minutes

More people live in each home here: 2.41 on average, against 2.23 in Marquette County.

In Ishpeming, 76% of workers drive alone to work; in Marquette County, 77%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Ishpeming?

A typical home is within reach of the typical income

We start with a typical home in Ishpeming, worth $111,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 22% of the typical household income in Ishpeming, which is $52,754 a year.

The calculator's FHA and conventional loan limits are those of all of Marquette County.

Your numbers

Local data
$

Starts at the typical home value in Ishpeming. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $3,917 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$981

at 7.18% · 30 years

Loan amount
$109,873
Total interest
$158,081
Paid off in
November 2056

Includes $1,890 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,231 a month

    Your payment · 22%

  • Tight

    $1,231 to $1,583 a month

  • Hard

    more than $1,583 a month

Compared with the typical household income in Ishpeming ($52,754 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$981
Principal & interest$744
Property tax$141
Home insurance$47
FHA mortgage insurance (MIP)$49

You need at least $3,917 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Ishpeming and Marquette County

Ishpeming is in Marquette County, Michigan. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Ishpeming's own numbers

Typical home value
$111,900
Typical monthly rent
$733
Typical yearly household income
$52,754
Households that own their home
70%
Effective property tax rate
1.51%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Marquette County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,199
Price change over 5 years (FHFA)
+70%
Homes in a high flood-risk zone
0.6%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Marquette County.

Everything about Marquette County

Buying

Buying a home in Ishpeming

A typical home in Ishpeming is worth $111,900: 48% below the county and 52% below Michigan. With the typical household income in Ishpeming ($52,754 a year), a typical home costs 2.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Ishpeming 2.1 years
  • Marquette 3.3 years
  • Michigan 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Marquette County

According to FHFA’s house price index, home prices in Marquette County rose 100% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Marquette County.

Period County Michigan U.S.
Last year (2025) +5.7% +4.7% +2.9%
5 years (2020–2025) +70% +52% +47%
10 years (2015–2025) +100% +97% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Ishpeming next to Marquette County, Michigan and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Ishpeming $111,900
  • Marquette $216,500
  • Michigan $231,600
  • United States $332,700
Typical monthly rent
  • Ishpeming $733
  • Marquette $949
  • Michigan $1,129
  • United States $1,413
Typical yearly household income
  • Ishpeming $52,754
  • Marquette $65,429
  • Michigan $72,875
  • United States $80,734
See the full table
Ishpeming next to Marquette County and Michigan
Measure Ishpeming Marquette County Michigan U.S.
Typical home value $111,900 $216,500 $231,600 $332,700
Typical monthly rent $733 $949 $1,129 $1,413
Typical yearly household income $52,754 $65,429 $72,875 $80,734
Households that own their home 70% 70% 73% 65%
Typical yearly property tax $1,689 $2,109 $2,904 $3,119
Effective property tax rate 1.51% 0.97% 1.25% 0.94%
Renters with high rent for their income 53% 54% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Marquette County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Ishpeming

For a typical $111,900 home in Ishpeming, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Ishpeming's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $981a month

    Least cash to close
    Down payment
    $3,917
    Cash to close
    $7,274
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $49

  • Conventional, 5% down $961a month

    Down payment
    $5,595
    Cash to close
    $8,952
    Rate
    7.18%
    Mortgage insurance
    PMI · $53

  • Conventional, 20% down, no PMI $794a month

    Down payment
    $22,380
    Cash to close
    $25,737
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $897a month

    Down payment
    $16,785
    Cash to close
    $20,142
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Ishpeming and for Marquette County.

Property tax

Effective rate in Ishpeming

1.51%of the home’s value each year

$1,689 a year for the typical owner in Ishpeming.

  • Ishpeming 1.51%
  • Marquette 0.97%
  • Michigan 1.25%

What Michigan publishes Principal Residence Exemption (PRE) from school operating tax (Michigan Legislature (Michigan Compiled Laws))

Exemptions and deadlines in Michigan

Flood risk in Marquette County

FEMA does not publish these numbers by city: they are for all of Marquette County.

Homes in the high-risk zone
0.6%
167
Of those, with NFIP insurance
11%
County Michigan U.S.
Homes in the high-risk zone 0.6% 1.6% 3.5%
Of those, with NFIP insurance 11% 18% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Ishpeming

Typical rent in Ishpeming is $733 a month: 23% below the county. In Ishpeming, 53% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Marquette County, by unit size. To pay the 2-bedroom one ($1,199 a month) without spending more than 30% of your income, you would need to earn $23.06 an hour working full time.

HUD fair market rent for all of Marquette County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $835 $16.06 $33,400
1 bedroom $1,012 $19.46 $40,480
2 bedrooms $1,199 $23.06 $47,960
3 bedrooms $1,429 $27.48 $57,160
4 bedrooms $1,696 $32.62 $67,840

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Ishpeming

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Ishpeming is in ZIP code 49849.

For 2 bedrooms it is $1,030: $169 less than the fair market rent for Marquette County ($1,199).

  • 49849 $1,030$1,230

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Ishpeming when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Ishpeming

HUD lists 5 buildings with rents for lower incomes in Ishpeming. These are the largest.

  • Pioneer Bluff Apts 111 Bluff St, Ishpeming 49849 127 low-income homes · Run by Ishpeming Housing Commission · Average payment: $468 a month · Average wait: 4 months (906) 485-4100
  • Canda Manor 703 W Empire St, Ishpeming 49849 72 homes, 42 low-income · For families (906) 485-1686
  • Town Square Apts 425 N 7th St, Ishpeming 49849 32 homes, 31 low-income · 1 bd: 16 · 2 bd: 16 · In service since 2002
  • Phelps Square 700 E North St, Ishpeming 49849 24 low-income homes · 1 bd: 8 · 2 bd: 8 · 3 bd: 8 · In service since 2015 · For people with disabilities, families
  • Woodcliff Apts (ishpeming) 708 W Empire St, Ishpeming 49849 24 low-income homes · 1 bd: 10 · 2 bd: 14 · In service since 2010 · For families

See all 19 buildings in Marquette County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Ishpeming

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Marquette County. The nearest ones are below; many serve by phone or online.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Ishpeming

No down payment, repair or rent-help program on our list is for Ishpeming or Marquette County. The ones below are statewide in Michigan: they work in Ishpeming the same as in the rest of the state.

Which programs do I qualify for? All programs in Michigan

  • MI 10K DPA Loan

    Statewide in Michigan

    Michigan state agency loan of up to $10,000, with no interest and no monthly payments, for the down payment, closing costs and prepaid expenses; it goes with MSHDA's MI Home Loan mortgage and is repaid in certain cases, such as when you pay off the first mortgage, sell or refinance the home, or no longer live in it. Offered by Michigan State Housing Development Authority (MSHDA).

    Deferred

    See the program Official page

  • Mortgage Credit Certificate (MCC)

    Statewide in Michigan

    Michigan state authority certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, for the life of the loan; you apply with an approved lender before you buy. Offered by Michigan State Housing Development Authority (MSHDA).

    Tax credit

    See the program Official page

Housing counselors near Ishpeming

The HUD-approved agencies closest to the center of Ishpeming, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Legal Services of Northern Michigan, Inc.

    504 Ludington St, Escanaba · 58 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    906-786-2303-3

  • H.o.m.e. of Mackinac County

    396 N State St, Saint Ignace · 147 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (906) 643-6239

  • Northern Homes Community Development Corporation

    900 Emmet St, Petoskey · 151 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (231) 582-6244

All counseling agencies in Michigan

Help in Spanish near Ishpeming

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Ishpeming

HUD’s record names them for Ishpeming or Marquette County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

2 other authorities have an office in Marquette County: see the list Source: HUD

Cities

Other cities in Marquette County

These cities are also in Marquette County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Marquette County Housing in Michigan

Nearby cities

The cities closest to Ishpeming, with the typical home value.

Neighboring counties

If Marquette County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Ishpeming.

All guides
A father, a mother and their daughter smile among the avocado trees by their home in Somis, California.

Questions

Housing questions about Ishpeming

Short answers with the numbers for Ishpeming and all of Marquette County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Ishpeming?

The typical home value in Ishpeming is $111,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Marquette County it is $216,500.

How much does it cost to rent in Ishpeming?

Typical rent in Ishpeming is $733 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Marquette County is $1,199.

What is the FHA loan limit in Ishpeming?

Ishpeming uses the FHA limit for all of Marquette County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Ishpeming?

The typical homeowner in Ishpeming pays $1,689 a year, according to the U.S. Census Bureau. That is 1.51% of the home’s value; in Marquette County, the rate is 0.97%.

Where can I find free help to buy or rent in Ishpeming?

We found no HUD-approved counseling agencies with an office in Marquette County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).