ZIP Code Market Report
49968 — Wakefield, MI
Data through February 2026 · Updated monthly
Avg Home Value
$101,576
▲ 5.2% year-over-year
Month-over-Month
+1.0%
▲ 1.0%
Single Family
$97,185
Condo / Co-op
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The average home value in the 49968 ZIP code (Wakefield, MICHIGAN) is $101,576 as of February 2026. Home prices are rising, up 5.2% compared to last year.
The market in 49968 has a $119,585 spread between bottom-tier homes at $59,472 and top-tier homes at $179,057. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Gogebic County market area in MICHIGAN. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Gogebic County report.
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Market Snapshot
49968 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $100,096 | $100,536 | $101,576 | ▲ 1.5% |
| Single Family Value | $93,551 | $94,919 | $97,185 | ▲ 3.9% |
Home Values
49968 Home Value Trend
Historical home values for ZIP code 49968. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 49968
How different property types compare in this ZIP code.
All Homes
$101,576
Single Family
$97,185
Bottom Tier
$59,472
Top Tier
$179,057
Data Sources and Methodology
Home value data for ZIP code 49968 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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