Iron County, MI Housing

The housing market in Iron, MI County is doing well. The median value of a house in the county is $101,000, which is much lower than the US median value of $338,100. Despite this, it has seen an impressive increase in appreciation over the past year with a rate of 8.98%, higher than the national rate of 8.27%. This suggests that the housing market in Iron, MI Countyis healthy and likely to grow further as more people are drawn to its relatively low cost and high potential for appreciation.

The median home cost in Iron County is $101,000. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Iron County is up 18.2%.

Average Age of Homes

- The median age of Iron County real estate is 58 years old

The Rental Market in Iron County

- Renters make up 8.9% of the Iron County population
- 0.7% of houses and apartments in Iron County, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Iron, Michigan	United States
	8,932.0	139,647,020.0
	59	42
	$101,000	$338,100
	18.2%	16.6%
	63.2%	57.0%
	97.4%	101.1%
	$15.81	$10.98
	$1,328	$2,690
	47.9%	57.4%
	43.0%	11.2%
	9.1%	31.4%
Vacant Housing
	0.7%	1.9%
	0.3%	0.4%
	0.8%	0.7%
	0.1%	0.4%
	35.1%	3.6%
	6.1%	4.1%
Value of Owner-Occupied Housing
	4.3%	2.6%
	13.9%	2.4%
	16.4%	2.8%
	13.6%	3.9%
	8.8%	4.5%
	12.7%	11.3%
	11.5%	13.0%
	10.3%	20.1%
	4.8%	13.6%
	1.0%	8.3%
	2.1%	9.7%
	0.1%	3.9%
	0.4%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.2%	13.6%
	6.2%	13.6%
	9.8%	13.6%
	12.8%	13.2%
	12.8%	14.8%
	9.8%	13.6%
	11.5%	10.0%
	8.6%	4.7%
	28.0%	12.2%

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