Gaastra, MI
Full City Profile · Michigan · Iron County County
3.9
/5.0
B+
Good
324
Population
198/sq mi density
$57,500
Median Income
$22,769 per capita
$61,000
Home Value
$112,256 Zillow
39°F
Avg Temperature
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$57,500 median income, 0.9% unemployment
A+
Affordability
5.0 / 5.0
$61,000 home value, /mo rent
C
Education
2.5 / 5.0
18.4% bachelor's degree or higher
Housing Overview
Median Home Value
$61,000
78% below
US avg: $281,900
Homeownership Rate
96.4%
47% above US avg (65.4%)
Total Housing Units
139
Median year built: 1940
Home Value by Source
Census Median
$61,000
Zillow (ZHVI)
$112,256
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
96.4%
Owner-Occupied
3.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Affordability & Housing Stock
Rent Burden
23.4%
of renters spending 30%+ of income on housing
25% below US avg (31.0%)
Median Year Built
1940
Average age of housing stock: 86 years
Homeownership Rate
96.4%
Complete Housing Data
Home Values
| Census Median Value | $61,000 |
| Zillow Home Value (ZHVI) | $112,256 |
Rent
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 96.4% |
| Renter-Occupied | 3.6% |
| Homeownership Rate | 96.4% |
| Total Housing Units | 139 |
| Median Year Built | 1940 |
| Rent Burden | 23.4% |