Iron River, MI Real Estate

According to census data in the year 2000 there were 991 housing units in Iron River. This represents a 10.5% decline from 1,107 in 1990.

Of those housing units, 824 were located in either urbanized areas or urban clusters, and 167 were located in what is classified as a rural area.

Homeownership rate in Iron River is about 71.8%. Iron River's vacancy rate, including seasonal lodging, is about 11.9%. Average household size is 2.06 people.

The majority of houses, apartments or condos in Iron River were built after 1939.


Housing Size

Housing Units by Size
Studio Type0.60%
One Bedroom11%
Two Bedrooms31.30%
Three Bedrooms35.40%
Four Bedrooms17.90%
Five Bedrooms or more3.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.03
Median year structure was built1939
Median Value of occupied units$43,100
Median Price asked for vacant units$35,000

Rented Homes, Apartments and Condos

Average Household Size2.15
Median year structure was built1939
Median Monthly Rent asked for vacant units$275

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan3.80%
Simple Mortgage35%
Debt Free61.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.4%