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Iron River, WI
Full City Profile · Wisconsin · Bayfield County County
3.2
/5.0
B
Good
752
Population
120/sq mi density
$55,294
Median Income
$35,067 per capita
$152,100
Home Value
$286,844 Zillow
$653
Median Rent
22.8% income on rent
41°F
Avg Temperature
253 sunny days/yr
88
Violent Crime/100K
1,057 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$55,294 median income, 1.1% unemployment
A+
Affordability
5.0 / 5.0
$152,100 home value, $653/mo rent
F
Safety
1.0 / 5.0
88 violent crimes/100K
C+
Education
3.0 / 5.0
24.8% bachelor's degree or higher
Housing Overview
Median Home Value
$152,100
46% below
US avg: $281,900
Median Rent
$653/mo
44% below
US avg: $1,163/mo
Homeownership Rate
72.0%
10% above US avg (65.4%)
Total Housing Units
415
Median year built: 1984
Home Value by Source
Census Median
$152,100
Zillow (ZHVI)
$286,844
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
72.0%
Owner-Occupied
28.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$797/mo
1 Bedroom
$872/mo
2 Bedroom
$1,097/mo
3 Bedroom
$1,405/mo
4 Bedroom
$1,572/mo
Census median rent:
$653/mo
Affordability & Housing Stock
Rent Burden
22.8%
of renters spending 30%+ of income on housing
26% below US avg (31.0%)
Median Year Built
1984
Average age of housing stock: 42 years
Homeownership Rate
72.0%
Complete Housing Data
Home Values
| Census Median Value | $152,100 |
| Zillow Home Value (ZHVI) | $286,844 |
Rent
| Census Median Rent | $653 |
| FMR Studio | $797 |
| FMR 1-Bedroom | $872 |
| FMR 2-Bedroom | $1,097 |
| FMR 3-Bedroom | $1,405 |
| FMR 4-Bedroom | $1,572 |
Market
Ownership & Stock
| Owner-Occupied | 72.0% |
| Renter-Occupied | 28.0% |
| Homeownership Rate | 72.0% |
| Total Housing Units | 415 |
| Median Year Built | 1984 |
| Rent Burden | 22.8% |