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 Size

Housing Units by Size
Studio Type2.90%
One Bedroom8.80%
Two Bedrooms32.70%
Three Bedrooms41%
Four Bedrooms13.60%
Five Bedrooms or more1.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.4
Median year structure was built1942
Median Value of occupied units$62,400
Median Price asked for vacant units$34,200

Rented Homes, Apartments and Condos

Average Household Size1.91
Median year structure was built1950
Median Monthly Rent asked for vacant units$364

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.40%
Home Equity Loan9.80%
Simple Mortgage42.60%
Debt Free43.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs14.6%