Preforeclosure Homes in Iron Mountain, MI

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6 View this home at E Smith St Iron Mountain MI 49801
$140,433 EMV
E Smith St
Iron Mountain, MI 49801
3 |
EST. RENT: $1,590
AUCTION: 05-24-2024
3 |
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Home Value Estimator For Iron Mountain, MI

There are currently 4,135 real estate properties in Iron Mountain, MI, with a median automated valuation model (AVM) price of $156,891.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Iron Mountain, MI, 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 Iron Mountain, MI, is $204,588.00, with the most expensive house in Iron Mountain, MI, topping out at $3,459,973.00 and the cheapest home in Iron Mountain, MI, clocking in at $26,431.00. In other words, there’s something for every potential homebuyer or savvy investor in Iron Mountain, MI!

Rent Prices In Iron Mountain, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Iron Mountain, MI, is on a rollercoaster ride. The average rent price in Iron Mountain, MI, is $1,372.00. Indeed, when looking to rent in Iron Mountain, MI, you can expect to pay as little as $740.00 or as much as $2,930.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Iron Mountain, MI -- 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.

Top Reasons To Live In Iron Mountain, MI In 2024

Iron Mountain is located in Dickinson, Michigan, with an estimated municipal population of 7,309 residents. All of the best foreclosed homes for sale in Iron Mountain are located in the following zip code areas on 49801. The estimated population per square kilometer (.62 miles) in Iron Mountain is 374.

Cost Of Living In Iron Mountain, MI

So, about how much do homes cost in Iron Mountain? The most recent median value of resident-owned homes in Iron Mountain is 84,263. An estimated 69.9 percent of households in Iron Mountain own their homes, with an average family size of 2.96. The median household income in Iron Mountain is 49,364, with18.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Iron Mountain, the median commute time of resident workers (in minutes) is 13.7. And last, but certainly not least, are you looking for homes to rent in Iron Mountain? If so, the average rent price paid by renters in Iron Mountain is 670, according to recent statistics.

Diversity And Demographics In Iron Mountain, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Iron Mountain, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Iron Mountain is 40, split between 51.1 percent male versus 48.9 female. The percentage of residents who report being married in Iron Mountain is 50.3, with an average family size of 2.96.

The percentage of residents who report their race in Iron Mountain is as follows:

White 97.4%
Black / African American 1.2%
Asian 0.7%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.5%
Other 0%

Looking for family-friendly neighborhoods in and/or near Iron Mountain? Or maybe you are searching for 55+ active adult communities in and/or near Iron Mountain?

The percentage of residents who report their age in Iron Mountain is as follows:

Under 10 12.9%
Aged 10-19 13%
20s 11.3%
30s 12.9%
40s 12.6%
50s 13.3%
60s 12.6%
70s 6.4%
80+ 5.1%

Best Schools In Iron Mountain, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Iron Mountain with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Iron Mountain.

Pros And Cons Of Living In Iron Mountain, Michigan

How do you know that living in -- or moving to -- Iron Mountain is right where you need to be? Perhaps you grew up in Iron Mountain or already live nearby; therefore, the decision to buy a home in Iron Mountain is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Iron Mountain for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Iron Mountain:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Iron Mountain.

Reasons To Move To Iron Mountain, Michigan, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Iron Mountain can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Iron Mountain, meanwhile, can field multiple offers from more qualified buyers.

Iron Mountain, MI Preforeclosure Homes


Listing types in Iron Mountain, MI

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