Iron Mountain, MI Real Estate
According to census data in the year 2000 there were 3,816 housing units in Iron Mountain.
This represents a 0.7% growth from 3,789 in 1990.
Of those housing units, 3,804 were located in either urbanized areas or urban clusters, and 12 were located in what is classified as a rural area.
Homeownership rate in Iron Mountain is about 72%.
Iron Mountain's vacancy rate, including seasonal lodging, is about 9.2%.
Average household size is 2.26 people.
The majority of houses, apartments or condos in Iron Mountain were built after 1943.
|Housing Units by Size|
|Five Bedrooms or more||1.10%|
Owned Homes, Apartments and Condos
|Average Household Size||2.4|
|Median year structure was built||1942|
|Median Value of occupied units||$62,400|
|Median Price asked for vacant units||$34,200|
Rented Homes, Apartments and Condos
|Average Household Size||1.91|
|Median year structure was built||1950|
|Median Monthly Rent asked for vacant units||$364|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||9.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||14.6%|