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Foreclosures in Mountain Iron, MN 55768

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Mountain Iron, MN Foreclosures

Current Market Conditions in in Mountain Iron, MN As of March 2026?
In the past month, Mountain Iron's real estate market has remained stable. Home prices have seen slight fluctuations, but overall, the market continues to be driven by local demand. The inventory of homes for sale is adequate, with a balance between buyers and sellers, allowing for reasonable negotiations and fast sales in many instances.
How much do homes sell for in Mountain Iron, MN?
The average home price is currently $250,627.
In Mountain Iron, MN, how many homes are available?
There are currently 3 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 $11,754,908.
What is currently the cheapest priced home in Mountain Iron, MN?
The cheapest home for sale in Mountain Iron is priced at $16,558.

Living in Mountain Iron, MN

Mountain Iron, MN, is a friendly small town nestled in the heart of St. Louis County. With a rich mining history and abundant natural beauty, it promises an enjoyable lifestyle filled with outdoor activities and a close-knit community feel. The town is conveniently located near essential amenities and schools, making it ideal for families and nature lovers alike.

Buyer vs Seller Market in Mountain Iron, MN

The real estate market in Mountain Iron has seen moderate growth over the past year due to its attractive surroundings and eco-friendly lifestyle. The affordable price of homes has attracted buyers looking for a more peaceful living environment away from the bustling cities.

Current trends indicate an increasing interest in home construction, as more families are choosing to relocate to suburban areas like Mountain Iron for their quality of life and outdoor opportunities.

Home Value Estimator For Mountain Iron, MN

There are currently 1,282 real estate properties in Mountain Iron, MN, with a median automated valuation model (AVM) price of $200,015.00. 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 $250,627.00, with the most expensive house in Mountain Iron, MN, topping out at $11,754,908.00 and the cheapest home in Mountain Iron, MN, clocking in at $16,558.00. 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.

Mountain Iron, MN 55768 Foreclosures

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