49861 — Michigamme, MI Home Values
Typical home value $229,877 as of June 2026 · 4th of 10 in Marquette, MI
Blue: typical home value (Zillow ZHVI) in ZIP code 49861, June 2021 to June 2026. This page shows observed data only; no forecast.
How 49861 compares in the Marquette, MI area
ZIP code 49861 (Michigamme, MI) has a typical home value of $229,877 as of June 2026, ranking 4th of 10 ZIP codes tracked in the Marquette, MI area, more expensive than about 70% of ZIP codes in the metro. Prices here have moved +13.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +39.6%, from $164,670 in June 2021 to $229,877 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Marquette, MI forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Marquette.
Population and demographics
ZIP code 49861 has a population of 534, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 95.5% White, 2% two or more races, 1.4% Hispanic or Latino, 0.5% Black or African American, and 0.5% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| RepublicMichigamme School | 227 MAPLE ST, REPUBLIC, MI | 16.5 mi |
| LAnse Area School | 201 N 4TH ST, LANSE, MI | 18.4 mi |
| Arvon Township School | 21798 SKANEE RD, SKANEE, MI | 20.5 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 49861?
$229,877 as of June 2026, the latest month Zillow has published observed data for.
Is 49861 an expensive ZIP code in the Marquette, MI area?
49861 ranks 4th of 10 ZIP codes in the Marquette, MI area by typical home value, more expensive than about 70% of ZIP codes in the metro.
How much have home values in 49861 changed over the past year?
+13.4% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 49861?
534, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 49861?
RepublicMichigamme School (16.5 mi), LAnse Area School (18.4 mi), Arvon Township School (20.5 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 49861?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Marquette, MI forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.