Mountain Iron, MN Real Estate
According to census data in the year 2000 there were 1,412 housing units in Mountain Iron.
This represents a 0.7% decline from 1,422 in 1990.
Of those housing units, 971 were located in either urbanized areas or urban clusters, and 441 were located in what is classified as a rural area.
Homeownership rate in Mountain Iron is about 69.8%.
Mountain Iron's vacancy rate, including seasonal lodging, is about 5.9%.
Average household size is 2.27 people.
The majority of houses, apartments or condos in Mountain Iron were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 15.20% |
| Two Bedrooms | 27.40% |
| Three Bedrooms | 41.90% |
| Four Bedrooms | 11.80% |
| Five Bedrooms or more | 3.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.47 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $75,400 |
| Median Price asked for vacant units | $45,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.83 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $440 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 4.20% |
| Home Equity Loan | 4.90% |
| Simple Mortgage | 43.10% |
| Debt Free | 46.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 12.8% |
