Area data
Iron mountain, MI — ZIP 49802
Population: 5,975 (Census ACS)
Home values & appreciation
- Median home value
- $154,004
- 1-year appreciation
- +2.5%
- 3-year appreciation
- +19.5%
- 5-year appreciation
- +38.5%
- 10-year appreciation
- +133.4%
- All-time peak (2026-07)
- $154,004
- House Price Index
- 387.5 (+5.5% YoY)
Market activity
- Median sale price
- $172,500
- Median list price
- $179,900
- Median days on market
- 104.5 days
- Sale-to-list ratio
- 97.8%
- Active listings
- 20
- 1-year forecast
- +2.4%
- New listings (monthly)
- 11
Rents
- 2-bedroom fair-market rent (HUD reference)
- $1,261/mo
- 3BR fair-market rent
- $1,639/mo
Affordability
- Cost of living index (Below Average)
- 92.0 (100 = US avg)
- Electricity rate (state-level)
- 20.0¢/kWh
- Natural gas rate (state-level)
- $10.90/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Schools
- Total schools
- 5
- Elementary schools
- 1
- Middle schools
- 1
- High schools
- 2
Natural hazards & flood risk
- Overall hazard risk
- Relatively Low
- Top hazards
- coldWave, hail, lightning
Climate (30-year normals)
- Average annual temperature
- 42.5°F
- Average high
- 53.0°F
- Average low
- 31.5°F
- Annual precipitation
- 25.3 in
- Annual snowfall
- 58.0 in
Walkability & transit
- Walkability index
- 10.3 / 20
- Transit service frequency
- -99,999
Amenities
- Nearest airport
- Ford Airport (IMT) (2 mi)
- Nearest major airport
- Ford Airport (IMT) (2 mi)
- Hospitals nearby (~15 mi)
- 2
- Avg hospital rating
- 4.5 / 5
- Solar radiation rating
- Fair (3.7 kWh/m²/day)
Migration
- Net migration
- +62 tax filers
Housing stock
- Median year housing built
- 1,966
- Median annual property tax
- $1,989
- Households with broadband internet
- 82.0%
Employment & development
- Total county employment
- 11,476
- Average weekly wage
- $1,059
- Top industries (by employment)
- Construction, Accommodation & Food, Health Care
- Annual residential building permits (county)
- 42
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →