Iron Mountain Metro Area, MI Housing

Iron Mountain, MI Metro Area is currently a great place to invest in real estate. The median value of homes is just over $127,500, which is significantly less than the US House Median Value of $338,100. In the last year, homes in Iron Mountain have appreciated by 9.98%, higher than the national average of 8.27%. This trend suggests that those investing in real estate in Iron Mountain will continue to experience good returns on their investments.

The median home cost in Iron Mountain Metro Area is $127,500. Home appreciation the last 10 years has been 72.1%. Home Appreciation in Iron Mountain Metro Area is up 22.6%.

Average Age of Homes

- The median age of Iron Mountain Metro Area real estate is 47 years old

The Rental Market in Iron Mountain Metro Area

- Renters make up 12.1% of the Iron Mountain Metro Area population
- 1.0% of houses and apartments in Iron Mountain Metro Area, 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 Mountain, Michigan	United States
	18,576.0	139,647,020.0
	50	42
	$127,500	$338,100
	22.6%	16.6%
	59.3%	57.0%
	72.1%	101.1%
	$14.92	$10.98
	$1,747	$2,690
	59.9%	57.4%
	27.5%	11.2%
	12.6%	31.4%
Vacant Housing
	1.0%	1.9%
	0.0%	0.4%
	1.1%	0.7%
	0.2%	0.4%
	21.0%	3.6%
	4.1%	4.1%
Value of Owner-Occupied Housing
	3.2%	2.6%
	6.5%	2.4%
	10.5%	2.8%
	10.6%	3.9%
	11.9%	4.5%
	18.4%	11.3%
	13.8%	13.0%
	15.2%	20.1%
	5.0%	13.6%
	2.8%	8.3%
	1.6%	9.7%
	0.5%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.0%	13.6%
	10.0%	13.6%
	12.2%	13.6%
	11.8%	13.2%
	14.7%	14.8%
	12.2%	13.6%
	9.3%	10.0%
	7.4%	4.7%
	21.8%	12.2%

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