The housing market in 49801 Iron Mountain, MI is doing well compared to the national average. The median value of housing in this area is $145,200, which is significantly lower than the US house median value of $338,100. In addition, the appreciation rate of houses in this area over the past year has been 12.90%, which is higher than the US 1 year house appreciation rate of 8.27%. This indicates that the housing market in 49801 Iron Mountain, MI is outperforming most other areas and it may be a good time for potential buyers to consider investing in property here.
The median home cost in Iron Mountain (zip 49801) is $145,200. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Iron Mountain (zip 49801) is up 23.1%.
Average Age of Homes
- The median age of Iron Mountain (zip 49801) real estate is 51 years old
The Rental Market in Iron Mountain (zip 49801)
- Renters make up 17.6% of the Iron Mountain (zip 49801) population
- 0.6% of houses and apartments in Iron Mountain (zip 49801), 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.