Bessemer Real Estate
1 active listing · 1 sold in the past 12mo
$64,900
Median List Price
1
Sold (past 12mo)
49
Avg Days on Market
-5.3%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(1)
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Recently Sold(1)
| Address | Sold Price | Date Sold |
|---|---|---|
| 11330 Powderhorn Road, # 206, Bessemer, MI 49911 | $60,000 | Aug 14, 2025 |
Frequently Asked Questions about Bessemer
How many homes are for sale in Bessemer?
There is currently 1 active listing in Bessemer. The median asking price is $64,900.
What schools are in Bessemer?
Bessemer is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of Bessemer may be zoned for different districts. Check individual listings for the specific school district assignment.
How much are property taxes in Bessemer?
Michigan property taxes in Bessemer are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.
What does demographic data show about housing demand in Bessemer?
Per U.S. Census ACS data, Bessemer has a -5.3% Household Formation Gap over the past 15 years, indicating softening demographic demand. Population declined 9.2%, outpacing the effect of shrinking household sizes (2.15 to 2.06). HFG is a secondary market indicator — local conditions and other factors also influence housing demand.