The housing market in Iron River, MI is vibrant and growing. The median value of homes in the city is $56,800, compared to the US median housing value of $338,100. This makes the market more affordable for potential homeowners. In addition, over the past year house appreciation has increased 12.24%, which is greater than the 8.27% appreciation seen across the US. With a lower entry point into the market and an increased rate of appreciation, Iron River could be a great place for those looking to purchase a home.
The median home cost in Iron River is $56,800. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Iron River is up 18.2%.
Average Age of Homes
- The median age of Iron River real estate is 72 years old
The Rental Market in Iron River
- Renters make up 18.4% of the Iron River population
- 0.0% of houses and apartments in Iron River, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.