Housing in Iron River, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$107,321
Iron River vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Iron River is highlighted.
Median Home Value
9th%ilemost expensive$75,000show rank
Median Rent
2nd%ilemost expensive rent$435show rank
Rent Burden
5th%ilehighest rent burden10.7%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$75,000
Median Rent
$435
Total Housing Units
1,858
Vacancy Rate
27.4%
Owner Occupied
72.0%
Renter Occupied
28.0%
Median Property Tax
$1,292
per year
Monthly Cost (w/ Mortgage)
$610
Housing Types
Single Family78.5%
Multi-Family20.3%
Mobile Home1.2%
The median home value in Iron River, MI is $75,000. According to Zillow, the home value index for Iron River is $107,321. The median rent is $435 per month (Census ACS). About 72.0% of housing units are owner-occupied. The median year homes were built is 1951. There are 1,858 total housing units.