Foreclosure Homes in Mountain Iron, MN 55792

Current Market Conditions in Mountain Iron, MN

The real estate market in Mountain Iron, MN, is currently experiencing stability, with home prices showing a moderate increase over the last year. The area has attracted a mix of buyers looking for affordable housing options, particularly those seeking to escape larger urban areas for a more relaxed lifestyle.

In recent months, there has been a noticeable interest among first-time homebuyers and families looking for larger homes, leading to a gradual decrease in inventory as homes are purchased quickly within the desirable price ranges.

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.