The housing market in Mountain Iron, MN is quite impressive compared to the national average. The median value of a home in Mountain Iron is $165,600 which is significantly lower than the US median value which stands at $338,100. Furthermore, the appreciation rate for homes over the past year in Mountain Iron has been greater than the national average with a 1 year appreciation of 13.08% compared to 8.27% nationally. This speaks positively to local economy and makes it an attractive option for potential homeowners looking to invest in real estate.
The median home cost in Mountain Iron is $165,600. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Mountain Iron is up 13.2%.
Average Age of Homes
- The median age of Mountain Iron real estate is 43 years old
The Rental Market in Mountain Iron
- Renters make up 39.6% of the Mountain Iron population
- 5.3% of houses and apartments in Mountain Iron, 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.