Housing in Mountain Iron, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$183,867
Mountain Iron vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Mountain Iron is highlighted.
Median Home Value
51st%ilemost expensive$180,700show rank
Median Rent
45th%ilemost expensive rent$911show rank
Rent Burden
15th%ilehighest rent burden13.4%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$180,700
Median Rent
$911
Total Housing Units
1,423
Vacancy Rate
8.9%
Owner Occupied
74.2%
Renter Occupied
25.8%
Median Property Tax
$1,673
per year
Monthly Cost (w/ Mortgage)
$943
Housing Types
Single Family71.2%
Multi-Family25.4%
Mobile Home3.4%
The median home value in Mountain Iron, MN is $180,700. According to Zillow, the home value index for Mountain Iron is $183,867. The median rent is $911 per month (Census ACS). About 74.2% of housing units are owner-occupied. The median year homes were built is 1973. There are 1,423 total housing units.