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Foreclosure Homes in Mountain Iron, MN

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Mountain Iron, MN Foreclosures

Current Market Conditions in Mountain Iron, MN as of May 2026?
Home values: +1.24% MoM; rent: +0.00% MoM.
How much do homes sell for in Mountain Iron, MN?
The average home price is currently $249,415.
In Mountain Iron, MN, how many homes are available?
There are currently 6 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 $11,667,283.
What is currently the cheapest priced home in Mountain Iron, MN?
The cheapest home for sale in Mountain Iron is priced at $16,529.

Living in Mountain Iron, MN

Mountain Iron is a northern Minnesota Iron Range community near Virginia and Hibbing, offering small-city living, regional amenities, and access to trails, lakes, and year-round outdoor recreation.

Buyer vs Seller Market in Mountain Iron, MN

Median home value: $201,478 as of 2026-05-14.

Median rent: $1,210 as of 2026-05-14.

Home values: +1.24% MoM, +6.64% YoY.

Rent: +0.00% MoM, +0.00% YoY.

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 $201,478.00. 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 $249,415.00, with the most expensive house in Mountain Iron, MN, topping out at $11,667,283.00 and the cheapest home in Mountain Iron, MN, clocking in at $16,529.00. 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 Foreclosures

Market Trend for Mountain Iron, MN

Total Listings Available: 6

Market Values:

Home Prices from $16,529 to $11,667,283

Average Sales Price: $249,415

Rental Values:

Rental from $480 to $2,370

Average Rent Value: $1,212 / month

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