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Living in Iron Mountain, MI

Iron Mountain, MI, is a picturesque small city in the Upper Peninsula known for its vibrant community and outdoor recreational opportunities. With a rich historical background and a variety of local amenities, it is an attractive place for families and individuals alike. Residents can enjoy various outdoor activities throughout the year in a stunning natural environment.

Current Market Conditions in Iron Mountain, MI

The Iron Mountain real estate market has been experiencing steady growth as more people discover the charm of this small city. Home values have shown a modest increase, and there is a balanced inventory of homes available for buyers and sellers alike.

In recent years, Iron Mountain has seen an influx of interest from buyers looking for affordable housing options in a picturesque location, which has contributed to a competitive market for quality homes.

Home Value Estimator For Iron Mountain, MI

There are currently 4,269 real estate properties in Iron Mountain, MI, with a median automated valuation model (AVM) price of $170,056.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Iron Mountain, MI, 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 Iron Mountain, MI, is $220,137.00, with the most expensive house in Iron Mountain, MI, topping out at $3,459,973.00 and the cheapest home in Iron Mountain, MI, clocking in at $21,297.00. In other words, there’s something for every potential homebuyer or savvy investor in Iron Mountain, MI!

Rent Prices In Iron Mountain, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Iron Mountain, MI, is on a rollercoaster ride. The average rent price in Iron Mountain, MI, is $1,372.00. Indeed, when looking to rent in Iron Mountain, MI, you can expect to pay as little as $740.00 or as much as $2,930.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Iron Mountain, MI -- 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.

Iron Mountain, MI Search Results


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