Much like its nearby areas, it is a lot less expensive compared to the United States as a whole. It's significantly less expensive compared to the city of Merrill.
Home prices
The price of the median home in Wakefield is $56,900. Compared to its surrounding areas it is approximately $820 (1%) lower.It is about $160,600 (73%) lower compared to the rest of the nation, and is about $28,400 (33%) lower in comparison to the city of Merrill.
Rents
In Wakefield the median monthly rent is $552. Compared to other places in this area this is roughly $61 (12%) higher.It is about $510 (48%) lower in comparison to the rest of the nation, and in comparison to the city of Merrill it is about $85 (13%) lower.
Nearby places
Bessemer
Bessemer is approximately 4 miles west from Wakefield. Its real estate prices are pretty similar. Bessemer's median home price is $55,900, which comes out to $1,000 (1%) lower than Wakefield. Its rents are significantly less expensive. Bessemer's median monthly rent is $395, which is $157 (39%) lower than Wakefield.
Ironwood
Ironwood is roughly 8 miles west from Wakefield. The housing prices there are somewhat less expensive. The value of the median home in Ironwood is $47,000, which is $9,900 (21%) lower than Wakefield. Rent there is somewhat less expensive. The median monthly rent in Ironwood is $510, which is $42 (8%) lower than Wakefield.
Hurley
Hurley is about 10 miles west from Wakefield. The real estate prices there are a little more expensive. The median home in Hurley costs $60,100, which comes out to $3,200 (5%) higher than Wakefield. Its rents are a bit less expensive. In Hurley the median monthly rent is $520, which is $32 (6%) lower than Wakefield.
Montreal
Montreal is about 12 miles west of Wakefield. Housing prices there are a bit more expensive. The median home value in Montreal is $77,000, which is $20,100 (26%) higher than Wakefield. Rent there is fairly similar. In Montreal the median rent is $555 per month, which is very similar to Wakefield.
Iron Belt
Iron Belt is roughly 16 miles west from Wakefield. The real estate prices there are a little less expensive. The median home in Iron Belt costs $48,600, which is $8,300 (17%) lower than Wakefield. Rents there are somewhat less expensive. In Iron Belt the median monthly rent is $475, which comes out to $77 (16%) lower than Wakefield.
