Iron Mountain, MI is a city with an affordable housing market. The median housing value in Iron Mountain stands at $115,000, far lower than the US median house value of $338,100. Furthermore, the 1 year house appreciation rate in Iron Mountain is 12.90%, significantly higher than the 8.27% national rate of appreciation. This makes Iron Mountain an attractive destination for those interested in investing in property and enjoying more bang for their buck compared to other cities across the country.
The median home cost in Iron Mountain is $115,000. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Iron Mountain is up 23.1%.
Average Age of Homes
- The median age of Iron Mountain real estate is 67 years old
The Rental Market in Iron Mountain
- Renters make up 22.9% of the Iron Mountain population
- 0.9% of houses and apartments in Iron Mountain, 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.