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Iron Mountain, MI
Full City Profile · Michigan · Florence County County
3.1
/5.0
B
Good
7,508
Population
996/sq mi density
$56,622
Median Income
$33,367 per capita
$117,600
Home Value
$178,794 Zillow
$656
Median Rent
23.8% income on rent
42°F
Avg Temperature
276 sunny days/yr
96
Violent Crime/100K
55 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$56,622 median income, 3.0% unemployment
A+
Affordability
5.0 / 5.0
$117,600 home value, $656/mo rent
F
Safety
1.0 / 5.0
96 violent crimes/100K
C+
Education
2.9 / 5.0
23.5% bachelor's degree or higher
Housing Overview
Median Home Value
$117,600
58% below
US avg: $281,900
Median Rent
$656/mo
44% below
US avg: $1,163/mo
Homeownership Rate
72.6%
11% above US avg (65.4%)
Total Housing Units
3,631
Median year built: 1952
Home Value by Source
Census Median
$117,600
Zillow (ZHVI)
$178,794
Median Sale Price
$122,000
Median List Price
$179,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
72.6%
Owner-Occupied
27.4%
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
Census median rent:
$656/mo
Market Indicators (Redfin)
Median Days on Market
76 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
9
Price Drops
14.8%
of listings with price reduction
Price Per Sq Ft
$87
Active Inventory
27
homes for sale
Affordability & Housing Stock
Rent Burden
23.8%
of renters spending 30%+ of income on housing
23% below US avg (31.0%)
Median Year Built
1952
Average age of housing stock: 74 years
Homeownership Rate
72.6%
Complete Housing Data
Home Values
| Census Median Value | $117,600 |
| Zillow Home Value (ZHVI) | $178,794 |
| Median Sale Price | $122,000 |
| Median List Price | $179,900 |
| Price Per Sq Ft | $87 |
Rent
| Census Median Rent | $656 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 76 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 14.8% |
| Homes Sold | 9 |
| Active Inventory | 27 |
| Price Per Sq Ft | $87 |
Ownership & Stock
| Owner-Occupied | 72.6% |
| Renter-Occupied | 27.4% |
| Homeownership Rate | 72.6% |
| Total Housing Units | 3,631 |
| Median Year Built | 1952 |
| Rent Burden | 23.8% |