HomeMichiganGogebic CountyWakefield
Wakefield, Michigan: commercial real estate data.
Wakefield 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
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 loans in Wakefield (7(a))
- Approvals1
- Gross approval$35,000
- Average approval$35,000
- Median 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
Counted by borrower city: approvals to borrowers whose address is in Wakefield, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Wakefield
Flood risk in Wakefield
- NFIP communityCity of Wakefield
- NFIP community number260567
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date(NSFHA)
The City of Wakefield participates in the National Flood Insurance Program as community 260567 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Gogebic County, not Wakefield
Gogebic County context, not Wakefield figures
- Establishments in Gogebic County365
- Covered employment, Gogebic County5,046
- Average annual pay, Gogebic County$48,384
- Housing units permitted, Gogebic County30
Every figure in this section is published for Gogebic County as a whole and is not a measurement of Wakefield.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $35,000 since FY2020, 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 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Wakefield in the National Flood Insurance Program?
Yes. Wakefield appears in the FEMA Community Status Book as Wakefield, city of, 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 labeled 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?
No. Nothing on this page presents parcel level zoning.
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