Housing in Iron Mountain, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$108,500
Median List Price
$169,900
Price Per Sq Ft
$118
Days on Market
43
Active Inventory
28
Months of Supply
4.7
Balanced market
Zillow Home Value
$175,608
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
16.7%
Off Market in 2 Weeks
22.2%
Sale-to-List Ratio
95.5%
Buyer's market
Market Activity
Source: RedfinHomes Sold
6
New Listings
7
Pending Sales
9
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$118
Median List $/SF
$131
Iron Mountain vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Iron Mountain is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$117,600
Median Rent
$656
Total Housing Units
3,771
Vacancy Rate
6.2%
Owner Occupied
72.6%
Renter Occupied
27.4%
Median Property Tax
$1,973
per year
Monthly Cost (w/ Mortgage)
$836
Housing Types
The current median sale price in Iron Mountain, MI is $108,500 according to Redfin data. Homes spend a median of 43 days on the market. 16.7% of homes sold above asking price. The market has 4.7 months of supply. The median price per square foot is $118. The median rent is $656 per month (Census ACS). About 72.6% of housing units are owner-occupied. The median year homes were built is 1954. There are 3,771 total housing units.