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Iron River, MI Home Values and Rents
The typical home value in Iron River is $124,995, 422nd highest of 442 cities and towns in Michigan. Median rent is $486 a month.
- Typical home value
- $124,995
- 422nd of 442 in MI
- Median rent
- $486/mo
- ACS 2020-2024
- Price change, 1 year
- +5.2%
- Sep 2026
- Homeownership
- 70.0%
- MI: 73.2%
Typical home value in Iron River
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Iron River |
|---|---|
| Sep 2026 | $124,995 |
| Dec 2025 | $119,698 |
| Dec 2024 | $109,423 |
| Dec 2023 | $97,941 |
| Dec 2022 | $86,809 |
| Dec 2021 | $86,368 |
| Dec 2020 | $88,354 |
| Dec 2019 | $73,762 |
| Dec 2018 | $71,253 |
| Dec 2017 | $67,611 |
| Dec 2016 | $68,828 |
| Dec 2015 | $70,371 |
| Dec 2014 | $59,927 |
| Dec 2013 | $63,590 |
| Dec 2012 | $65,308 |
Over five years, Iron River prices changed +41.7%.
Source: Zillow Research · Last updated 09/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Iron County, MI
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $808 | +6.9% |
| 1 bedroom | $865 | +6.3% |
| 2 bedrooms | $1,132 | +6.0% |
| 3 bedrooms | $1,349 | +5.3% |
| 4 bedrooms | $1,488 | +5.2% |
Frequently asked questions
- What is the typical home value in Iron River, MI?
- The typical home value in Iron River is $124,995 (Zillow Home Value Index, Sep 2026). The Michigan median is $231,600.
- How much is rent in Iron River?
- The median rent in Iron River is $486 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,132.
- Are home prices going up in Iron River?
- The typical home value in Iron River changed +5.2% over one year and +41.7% over five years, as of Sep 2026.
- How does Iron River compare with the rest of Michigan?
- Iron River has the 422nd highest median home value of 442 cities and towns with 1,000+ residents in Michigan.