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Iron Mountain, MI Housing

 
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As of 2010-2014, median price of a house in Iron Mountain is $74,700, which is much lower than the state average of $120,200 and is much lower than the national average of $175,700. The Iron Mountain median house value has grown by 19.71% since 2000. The growth rate for the price of a house in Iron Mountain is higher than the state average rate of 3.98% and is lower than the national average rate of 46.91%. The median year that a house in Iron Mountain was built is 1952, which is older than the median year for a house built in the state which is 1969 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 2,429 Owner Occupied Houses in Iron Mountain, MI, #487
Iron Mountain, MI
74,700 USD
Michigan
120,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #170
Iron Mountain, MI
19.71%
Michigan
3.98%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Iron Mountain, MIMichiganU.S.
Total Housing Units3,746, see rank, 100%4,532,719132,741,033
Occupied Housing Units3,287, 87.75%, see rank84.45%87.55%
Owner Occupied2,429, 64.84%, see rank60.41%56.34%
Renter Occupied858, 22.90%, see rank24.04%31.21%
Vacant Housing Units459, 12.25%, see rank15.55%12.45%
For Rent0, 0.00%, see rank1.84%2.34%
For Sale Only101, 2.70%, see rank1.40%1.20%
Rented or Sold, Not Occupied144, 3.84%, see rank1.04%0.92%
For Seasonal, Recreational, or Occasional Use146, 3.90%, see rank6.26%3.97%
For Migrant Workers0, 0.00%, see rank0.05%0.03%
Other Vacant68, 1.82%, see rank4.96%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #538
Iron Mountain, MIMichiganU.S.
195219691976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Iron Mountain, MI%MichiganU.S.
Owner-Occupied Units2,429100%2,738,01274,787,460
With a Mortgage1,19249.07%, see rank63.63%65.58%
Without a Mortgage1,23750.93%, see rank36.37%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Iron Mountain, MI
917 USD
Michigan
1,295 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsIron Mountain, MI%MichiganU.S.
$299 or Less00.00%, see rank0.19%0.20%
$300 to $499363.02%, see rank1.88%1.59%
$500 to $69914111.83%, see rank6.65%5.01%
$700 to $99956247.15%, see rank19.56%14.32%
$1,000 to $1,49930725.76%, see rank34.69%27.90%
$1,500 to $1,9991008.39%, see rank20.06%20.35%
$2,000 to $2,999322.68%, see rank12.84%19.52%
$3,000 or More141.17%, see rank4.13%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Iron Mountain, MI
20.80% of the Total Income
Michigan
22.60% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Iron Mountain, MI%MichiganU.S.
10% or Less867.21%, see rank5.90%5.86%
10% to 20%49041.11%, see rank35.28%31.95%
20% to 30%30025.17%, see rank27.51%27.64%
30% to 40%14011.74%, see rank12.63%13.74%
40% or More17614.77%, see rank18.20%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Iron Mountain, MI
442 USD
Michigan
463 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsIron Mountain, MI%MichiganU.S.
$199 or Less514.12%, see rank4.74%7.76%
$200 to $29918815.20%, see rank12.46%14.70%
$300 to $49954043.65%, see rank40.41%34.63%
$500 to $69928422.96%, see rank25.95%21.16%
$700 or More17414.07%, see rank16.44%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Iron Mountain, MI
16.10% of the Total Income
Michigan
13.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Iron Mountain, MI%MichiganU.S.
10% or Less36729.67%, see rank35.33%40.19%
10% to 20%51341.47%, see rank33.76%31.47%
20% to 30%14111.40%, see rank13.39%12.24%
30% to 40%937.52%, see rank6.18%5.64%
40% or More1239.94%, see rank9.99%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Iron Mountain, MIMichiganU.S.
Total Housing Units3,746, 100%4,532,719132,741,033
1-unit, Detached3,034, 80.99%, see rank71.97%61.65%
1-unit, Attached9, 0.24%, see rank4.66%5.82%
2 Units235, 6.27%, see rank2.58%3.75%
3 or 4 Units91, 2.43%, see rank2.56%4.43%
5 to 9 Units62, 1.66%, see rank4.20%4.78%
10 or More Units128, 3.42%, see rank8.58%13.08%
Mobile Home, Boat, RV, Van, etc.187, 4.99%, see rank5.45%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Iron Mountain, MIMichiganU.S.
Total Housing Units3,746, 100%4,532,719132,741,033
1 Room0, 0.00%, see rank1.24%1.95%
2 Rooms122, 3.26%, see rank1.78%2.48%
3 Rooms215, 5.74%, see rank7.14%9.13%
4 Rooms628, 16.76%, see rank14.38%16.60%
5 Rooms638, 17.03%, see rank21.00%20.41%
6 Rooms841, 22.45%, see rank20.07%18.06%
7 Rooms561, 14.98%, see rank13.45%12.27%
8 Rooms428, 11.43%, see rank9.27%8.48%
9 Rooms or More313, 8.36%, see rank11.67%10.60%
Median Rooms5.80, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Iron Mountain, MIMichiganU.S.
Total Housing Units3,746, 100%4,532,719132,741,033
No Bedroom14, 0.37%, see rank1.35%2.17%
1 Bedroom360, 9.61%, see rank9.11%11.16%
2 Bedrooms1,146, 30.59%, see rank26.33%26.69%
3 Bedrooms1,621, 43.27%, see rank43.93%39.70%
4 Bedrooms560, 14.95%, see rank15.80%16.05%
5 or More Bedrooms45, 1.20%, see rank3.47%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Iron Mountain, MIMichiganU.S.
Total Housing Units3,287, 100%3,827,880116,211,092
Utility Gas2,880, 87.62%, see rank77.13%48.85%
Bottled, Tank, or LP Gas65, 1.98%, see rank8.48%4.86%
Electricity301, 9.16%, see rank8.30%36.68%
Fuel Oil, Kerosene, etc.6, 0.18%, see rank1.40%5.86%
Coal or Coke0, 0.00%, see rank0.03%0.12%
Wood24, 0.73%, see rank3.39%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel11, 0.33%, see rank0.86%0.47%
No Fuel Used0, 0.00%, see rank0.39%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalIron Mountain, MIMichiganU.S.
Occupied Units Paying Rent778, 100%1,028,83539,201,928
$199 or Less0, 0.00%, see rank1.86%1.50%
$200 to $29972, 9.25%, see rank3.88%3.18%
$300 to $499118, 15.17%, see rank9.32%7.37%
$500 to $699246, 31.62%, see rank23.63%16.01%
$700 to $999308, 39.59%, see rank35.23%29.17%
$1,000 to $1,49917, 2.19%, see rank20.17%26.88%
$1,500 to $1,9990, 0.00%, see rank3.85%9.79%
$2,000 or More17, 2.19%, see rank2.06%6.10%
Median$652, see rank$780$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Iron Mountain, MIMichiganU.S.
Occupied Housing Units3,287, 100%3,827,880116,211,092
No Vehicles Available209, 6.36%, see rank7.97%9.12%
1 Vehicles Available1,372, 41.74%, see rank35.06%33.80%
2 Vehicles Available1,256, 38.21%, see rank38.45%37.48%
3 or More Vehicles Available450, 13.69%, see rank18.52%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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