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Foreclosure Homes in Wakefield, MI

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Wakefield, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Wakefield, MI and much more. Save thousands at closing with home foreclosure listings in Wakefield, MI — up to 75% off market value!


Top Reasons To Live In Wakefield, MI In 2021

Wakefield is located in Gogebic, Michigan, with an estimated municipal population of 1,668 residents. All of the best foreclosed homes for sale in Wakefield are located in the following zip code areas on Foreclosure.com: 49968. The estimated population per square kilometer (.62 miles) in Wakefield is 81.


Cost Of Living In Wakefield, MI

So, about how much do homes cost in Wakefield? The most recent median value of resident-owned homes in Wakefield is 52,018. An estimated 82.7 percent of households in Wakefield own their homes, with an average family size of 2.78. The median household income in Wakefield is 36,056, with10.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Wakefield, the median commute time of resident workers (in minutes) is 21.6. And last, but certainly not least, are you looking for homes to rent in Wakefield? If so, the average rent price paid by renters in Wakefield is 552, according to recent statistics.


Diversity And Demographics In Wakefield, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Wakefield, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Wakefield is 53.8, split between 49.2 percent male versus 50.8 female. The percentage of residents who report being married in Wakefield is 41.4, with an average family size of 2.78.

The percentage of residents who report their race in Wakefield is as follows:

White 97.1%
Black / African American 0.4%
Asian 1%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.5%
Other 0%

Looking for family-friendly neighborhoods in and/or near Wakefield? Or maybe you are searching for 55+ active adult communities in and/or near Wakefield?

The percentage of residents who report their age in Wakefield is as follows:

Under 10 8.4%
Aged 10-19 6.6%
20s 9.4%
30s 13.1%
40s 9.7%
50s 11.9%
60s 22.9%
70s 11.2%
80+ 6.8%

Best Schools In Wakefield, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Wakefield with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Wakefield.


Pros And Cons Of Living In Wakefield, Michigan

How do you know that living in -- or moving to -- Wakefield is right where you need to be? Perhaps you grew up in Wakefield or already live nearby; therefore, the decision to buy a home in Wakefield is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Wakefield for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Wakefield:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Wakefield.


Reasons To Move To Wakefield, Michigan, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Wakefield can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Wakefield, meanwhile, can field multiple offers from more qualified buyers.

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