Zip 49938 (Ironwood, MI) Housing

Ironwood, Michigan has a median housing value of $77,300, which is much lower than the U.S. median housing value of $338,100. Despite this difference, Ironwood experienced an impressive 12.24% appreciation rate in the last year, compared to the 8.27% national average for house appreciation over the same period of time. This suggests that there is potential for growth in Ironwood's housing market and that it may be a good investment option for those looking to buy or sell a home.

The median home cost in Ironwood (zip 49938) is $77,300. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Ironwood (zip 49938) is up 18.2%.

Average Age of Homes

- The median age of Ironwood (zip 49938) real estate is 77 years old

The Rental Market in Ironwood (zip 49938)

- Renters make up 20.2% of the Ironwood (zip 49938) population
- 2.5% of houses and apartments in Ironwood (zip 49938), 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	Ironwood, Michigan	United States
	4,750.0	139,647,020.0
	79	42
	$77,300	$338,100
	18.2%	16.6%
	63.2%	57.0%
	97.4%	101.1%
	$19.71	$10.98
	$1,433	$2,690
	59.4%	57.4%
	22.0%	11.2%
	18.5%	31.4%
Vacant Housing
	2.5%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	0.3%	0.4%
	12.9%	3.6%
	5.6%	4.1%
Value of Owner-Occupied Housing
	6.6%	2.6%
	17.6%	2.4%
	13.9%	2.8%
	16.6%	3.9%
	12.6%	4.5%
	14.6%	11.3%
	8.6%	13.0%
	5.7%	20.1%
	1.6%	13.6%
	1.2%	8.3%
	0.6%	9.7%
	0.2%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.9%	13.6%
	2.9%	13.6%
	6.4%	13.6%
	5.3%	13.2%
	11.3%	14.8%
	6.4%	13.6%
	7.9%	10.0%
	10.7%	4.7%
	47.5%	12.2%

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