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Mountain Iron, MN
Full City Profile · Minnesota · St. Louis County County
3.3
/5.0
B
Good
2,865
Population
42/sq mi density
$81,607
Median Income
$40,473 per capita
$180,700
Home Value
$188,121 Zillow
$911
Median Rent
26.8% income on rent
38°F
Avg Temperature
276 sunny days/yr
352
Violent Crime/100K
3,926 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$81,607 median income, 2.3% unemployment
A+
Affordability
5.0 / 5.0
$180,700 home value, $911/mo rent
F
Safety
1.0 / 5.0
352 violent crimes/100K
C+
Education
2.8 / 5.0
22.9% bachelor's degree or higher
Housing Overview
Median Home Value
$180,700
36% below
US avg: $281,900
Median Rent
$911/mo
22% below
US avg: $1,163/mo
Homeownership Rate
74.2%
13% above US avg (65.4%)
Total Housing Units
1,439
Median year built: 1974
Home Value by Source
Census Median
$180,700
Zillow (ZHVI)
$188,121
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
74.2%
Owner-Occupied
25.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$911/mo
Affordability & Housing Stock
Rent Burden
26.8%
of renters spending 30%+ of income on housing
14% below US avg (31.0%)
Median Year Built
1974
Average age of housing stock: 52 years
Homeownership Rate
74.2%
Complete Housing Data
Home Values
| Census Median Value | $180,700 |
| Zillow Home Value (ZHVI) | $188,121 |
Rent
| Census Median Rent | $911 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
Ownership & Stock
| Owner-Occupied | 74.2% |
| Renter-Occupied | 25.8% |
| Homeownership Rate | 74.2% |
| Total Housing Units | 1,439 |
| Median Year Built | 1974 |
| Rent Burden | 26.8% |