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Iron County Housing Market

Michigan · 83 counties · Ranked #287 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$101,500

vs national$101,500 vs $281,900 national

Median Gross Rent

$510/mo

vs national$510 vs $1,163 national

Effective Tax Rate

1.44%

vs national+1.44% vs 1.02% national

Median Household Income

$53,614

vs national$53,614 vs $74,755 national

Affordability Ratio

1.9x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

30.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,459

Tax as % of Home Value

1.44%

Monthly Owner Cost

$661

Renter Income

$26,607

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Iron County?

The median home value in Iron County is $101,500. This is below the national median of $281,900.

How much is rent in Iron County?

The median gross rent in Iron County is $510 per month.

What is the property tax rate in Iron County?

The effective property tax rate in Iron County is 1.44%. The median annual property tax bill is $1,459.

Is Iron County affordable?

With a home-value-to-income ratio of 1.9x, Iron County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.