Mountain Iron, MN Foreclosures
How much do homes sell for in Mountain Iron, MN?
The average home price is currently $230,859.
In Mountain Iron, MN, how many homes are available?
There are currently 2 active home listings available in Mountain Iron.
What’s the average rental cost in Mountain Iron, MN?
The average rental price in Mountain Iron is $1,212.
What is the most expensive home in Mountain Iron?
The most expensive home sold in Mountain Iron had a price of $1,039,800.
What is currently the cheapest priced home in Mountain Iron, MN?
The cheapest home for sale in Mountain Iron is priced at $17,349.
Living in Mountain Iron, MN
Mountain Iron, MN, is a quaint town known for its mining heritage and strong community values. Surrounded by beautiful natural landscapes, it presents numerous outdoor activities and recreational opportunities. The local schools offer quality education, making it a great place for families and retirees.
Current Market Conditions in Mountain Iron, MN
The current real estate market in Mountain Iron shows a balanced state, with steady demand and a modest number of homes on the market. Because of the town's appeal for families and retirees, prices have seen a slight increase, making it a competitive space for prospective homebuyers. However, the overall pricing remains relatively affordable compared to larger metropolitan areas, attracting new residents looking to settle in a tranquil environment.
In recent months, Mountain Iron has observed an increase in the number of homes sold, particularly those in the mid-range price point. The local economy remains stable, driven primarily by the mining industry and community-focused businesses, creating a favorable climate for new developments.
Home Value Estimator For Mountain Iron, MN
There are currently 1,192 real estate properties
in Mountain Iron, MN,
with a median automated valuation model (AVM) price
of $205,252.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mountain Iron, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Mountain Iron, MN,
is $230,859.00, with the most expensive house
in Mountain Iron, MN, topping out
at $1,039,800.00 and the cheapest home
in Mountain Iron, MN,
clocking in at $17,349.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mountain Iron, MN!
Rent Prices
In Mountain Iron, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mountain Iron, MN, is on
a rollercoaster ride. The
average rent price in Mountain Iron, MN,
is $1,212.00. Indeed, when looking to rent in
Mountain Iron, MN, you can expect to pay as little
as $480.00 or as much
as $2,370.00,
with the average rent median estimated to
be $1,210.00. The good news is that finding
an affordable and desirable property to rent in Mountain Iron, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
