Cheap Homes in Ironwood, MI

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Top Reasons To Live In Ironwood, MI In 2024

Ironwood is located in Gogebic, Michigan, with an estimated municipal population of 4,870 residents. All of the best foreclosed homes for sale in Ironwood are located in the following zip code areas on 49938. The estimated population per square kilometer (.62 miles) in Ironwood is 285.

Cost Of Living In Ironwood, MI

So, about how much do homes cost in Ironwood? The most recent median value of resident-owned homes in Ironwood is 46,658. An estimated 68.8 percent of households in Ironwood own their homes, with an average family size of 2.63. The median household income in Ironwood is 31,351, with9.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Ironwood, the median commute time of resident workers (in minutes) is 18.6. And last, but certainly not least, are you looking for homes to rent in Ironwood? If so, the average rent price paid by renters in Ironwood is 510, according to recent statistics.

Diversity And Demographics In Ironwood, 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 Ironwood, 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 Ironwood is 51.2, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in Ironwood is 39.9, with an average family size of 2.63.

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

White 95%
Black / African American 3%
Asian 0.2%
American Indian / Alaskan Native 0.9%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.6%
Other 0.2%

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

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

Under 10 6.6%
Aged 10-19 8.3%
20s 13.2%
30s 10%
40s 10.6%
50s 17.5%
60s 13.9%
70s 9.3%
80+ 10.6%

Best Schools In Ironwood, 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 Ironwood with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Ironwood.

Pros And Cons Of Living In Ironwood, Michigan

How do you know that living in -- or moving to -- Ironwood is right where you need to be? Perhaps you grew up in Ironwood or already live nearby; therefore, the decision to buy a home in Ironwood is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Ironwood 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 Ironwood:

  • 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 Ironwood.

Reasons To Move To Ironwood, 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 Ironwood can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Ironwood, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Ironwood, MI


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