HomeMichiganGogebic CountyWakefield city
Wakefield city, Michigan: commercial real estate data.
Wakefield city is a Census city of 1,683 people across 7.87 square miles of land, in Gogebic County. Median household income is $55,759, 82.1 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $35,000.
70 sourced place values · tier FULL · 8 sections
Wakefield
What Wakefield is
- Census place typecity
- Land area7.87 sq mi
- Water area0.57 sq mi
- Population per square mile of land214
- County holding the largest share of its areaGogebic County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wakefield
How many people live in Wakefield
- Population1,683
- Median age52.8
- Population under 18264 plus or minus 81
- Share under 1815.7 percent plus or minus 4.3
- Population 65 and over485
- Share 65 and over28.8 percent
- Households741
- Family households422
- Share of households that are families57.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wakefield
Income and work in Wakefield
- Median household income$55,759
- Per capita income$34,648
- Civilian labor force702
- Employed673 plus or minus 135
- Unemployed29 plus or minus 19
- Unemployment rate4.1 percent plus or minus 2.6
- Adults 25 and over1,325
- Adults 25 and over with a high school diploma or higher98.6 percent
- Adults 25 and over with a bachelor degree or higher13.4 percent plus or minus 3.9
- Adults 25 and over with a graduate degree3.2 percent plus or minus 1.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wakefield
Housing in Wakefield
- Housing units965
- Occupied units741
- Vacant units224 plus or minus 80
- Vacancy rate23.2 percent plus or minus 8.0
- Owner occupied608
- Renter occupied133 plus or minus 44
- Ownership rate82.1 percent
- Median owner-occupied home value$79,100
- Median gross rent, monthly$649
- Annual rent as a share of median income14.0 percent
- Single family units844
- Share single family87.5 percent
- Units in buildings of two or more101 plus or minus 43
- Share in buildings of two or more10.5 percent plus or minus 4.3
- Mobile homes20 plus or minus 22
- Median year structure built1948
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wakefield
How Wakefield gets to work
- Workers 16 and over who commute654 plus or minus 133
- Commuting under 15 minutes298 plus or minus 70
- Share commuting under 15 minutes45.6 percent
- Commuting 30 minutes or more187 plus or minus 79
- Share commuting 30 minutes or more28.6 percent plus or minus 10.6
- Drove alone74.0 percent plus or minus 19.8
- Carpooled17.8 percent plus or minus 10.6
- Public transport0.0 percent
- Walked3.0 percent plus or minus 2.5
- Worked from home2.8 percent plus or minus 1.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wakefield
SBA 7(a) lending to Wakefield borrowers
- Approvals1
- Gross approval$35,000
- Average approval$35,000
- Median approval$35,000
- Ninetieth percentile approval$35,000
- Largest approval$35,000
- Jobs supported0
- Jobs per approval0.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Wakefield
Flood programme status in Wakefield
- Listed NFIP communities1
- Of those, participating1
- NFIP community number260567
- Currently effective map date(NSFHA)
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Gogebic County, not Wakefield
Gogebic County context, not Wakefield figures
These are Gogebic County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Wakefield measurements.
- Establishments in Gogebic County365
- Employment at those establishments, Gogebic County4,072
- Covered employment, Gogebic County5,046
- Average annual pay, Gogebic County$48,384
- Average weekly wage, Gogebic County$930
- Housing units permitted, Gogebic County30
- Of those, single family, Gogebic County30
- County product, 2024, Gogebic County$648,609,000
- County product change over the prior year, Gogebic County5.9 percent
- Average income of an arriving household, Gogebic County$64,274
Every figure in this section is published for Gogebic County as a whole and is not a measurement of Wakefield. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Wakefield questions, answered from the record.
How many people live in Wakefield, Michigan?
1,683, in 741 households. Wakefield city covers 7.87 square miles of land, which is 214 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Wakefield in?
Gogebic County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Wakefield?
$55,759. The median owner-occupied home is valued at $79,100. Median gross rent is $649 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Wakefield businesses?
1 7(a) approvals totalling $35,000, across 1 lenders, median approval $35,000. These count approvals to borrowers whose address is in Wakefield, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Wakefield borrowers get paid back?
No rate is published for Wakefield. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Wakefield in the National Flood Insurance Program?
Yes. Wakefield appears in the FEMA Community Status Book as community 260567, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Wakefield figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Gogebic County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Wakefield.
Is zoning published for Wakefield?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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