Bessemer, Gogebic County, MI Housing Trends, Rent, Price-to-Rent

Market Summary

Bessemer, Gogebic County, MI

Median Home Price Price

$103,075 $103.1K

Median Monthly Rent Rent

$736 $736

GRM

12.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Bessemer, MI is $736, with MoM change +$8 and YoY change +$65 pointing to positive momentum while volatility is low (std $16).

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Metric

Base market Bessemer, MI

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Delta vs base

Median rent

$736

N/A

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Median price

$103,075

N/A

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YoY change

+$65

N/A

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Price-to-rent

11.7x

Data unavailable

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