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Ironwood, MI
Full City Profile · Michigan · Iron County County
2.9
/5.0
C+
Fair
5,004
Population
760/sq mi density
$37,191
Median Income
$32,293 per capita
$74,900
Home Value
$99,048 Zillow
$555
Median Rent
28.6% income on rent
40°F
Avg Temperature
253 sunny days/yr
164
Violent Crime/100K
1,843 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.0 / 5.0
$37,191 median income, 6.5% unemployment
A+
Affordability
5.0 / 5.0
$74,900 home value, $555/mo rent
F
Safety
1.0 / 5.0
164 violent crimes/100K
C+
Education
2.6 / 5.0
19.5% bachelor's degree or higher
Housing Overview
Median Home Value
$74,900
73% below
US avg: $281,900
Median Rent
$555/mo
52% below
US avg: $1,163/mo
Homeownership Rate
72.8%
11% above US avg (65.4%)
Total Housing Units
3,015
Median year built: 1938
Home Value by Source
Census Median
$74,900
Zillow (ZHVI)
$99,048
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
72.8%
Owner-Occupied
27.2%
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:
$555/mo
Affordability & Housing Stock
Rent Burden
28.6%
of renters spending 30%+ of income on housing
8% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
72.8%
Complete Housing Data
Home Values
| Census Median Value | $74,900 |
| Zillow Home Value (ZHVI) | $99,048 |
Rent
| Census Median Rent | $555 |
| 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 | 72.8% |
| Renter-Occupied | 27.2% |
| Homeownership Rate | 72.8% |
| Total Housing Units | 3,015 |
| Median Year Built | 1938 |
| Rent Burden | 28.6% |