How much does it cost to buy a house in Iron River, MI?

In June 2026 Iron River homes were listed to buy for a median price of $164K, which is a 3% decrease to May 2025 last month, and a 3% decrease to June 2025 last year. The median value of a home listed to buy in Iron River in June 2026 was $149 per sqft, which is a 6% decrease to May 2025 last month, and a 5% decrease to June 2025 last year.

Is it affordable or expensive to live in Iron River, MI?

It is affordable to live in Iron River. Buying a home in Iron River is 0% less expensive compared with the national average.

Is it a good time to buy property in Iron River, MI?

Yes now is a good time to buy property in Iron River, in June 2026, homes in Iron River have decreased in value (price per sqft) by 5% in the last year compared with June 2025.

Is the Iron River, MI housing market slowing down?

In June 2026, homes to buy in Iron River spent an median 163 days on the market, a same June 2025 last year.

How much money should I make to buy a house in Iron River, MI?

In June 2026, Iron River homes were listed to buy for a median price of $164K, with 25% down you would need $1.06K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $36.3K.

Is it a good time to sell my house in Iron River, MI?

Yes now is a good time to sell your house in Iron River, in June 2026, homes in Iron River have decreased in value (price per sqft) by 5% in the last year compared with June 2025.