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Land Foreclosures in Mountain Iron, MN

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Mountain Iron, MN Foreclosures

Current Market Conditions in in Mountain Iron, MN As of February 2026?
In the past month, Mountain Iron has experienced a slight increase in home prices as more buyers are entering the housing market. The demand for single-family homes has outpaced the supply, leading to quicker sales and more competitive bidding situations. The overall vibe in the community remains positive, as people continue to see the value in the beauty and tranquility of the area.
How much do homes sell for in Mountain Iron, MN?
The average home price is currently $250,711.
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 $11,812,471.
What is currently the cheapest priced home in Mountain Iron, MN?
The cheapest home for sale in Mountain Iron is priced at $16,668.

Living in Mountain Iron, MN

Mountain Iron, MN is a charming small town nestled in the Iron Range, offering residents a close-knit community and an abundance of outdoor activities. Known for its rich mining history, this area combines unique cultural heritage with modern conveniences. It's an ideal place for families and individuals looking for a peaceful living environment with access to nature and community engagement.

Buyer vs Seller Market in Mountain Iron, MN

The real estate market in Mountain Iron shows steady growth, with a mix of historical homes and new constructions attracting a diverse range of buyers. The cases of homes selling over the asking price are becoming more common, indicating high demand. This trend can be attributed to the area's affordability compared to larger cities and its appealing natural surroundings.

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 $201,101.00. 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 $250,711.00, with the most expensive house in Mountain Iron, MN, topping out at $11,812,471.00 and the cheapest home in Mountain Iron, MN, clocking in at $16,668.00. 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 Land

Market Trend for Mountain Iron, MN

Total Listings Available: 0

Market Values:

Home Prices from $16,668 to $11,812,471

Average Sales Price: $250,711

Rental Values:

Rental from $480 to $2,370

Average Rent Value: $1,212 / month

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