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Foreclosure Homes in Mountain Iron, MN

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Mud-lake-rd-Mountain-iron-MN-55768
Bankruptcy
$155,807 EMV

Mud Lake Rd
Mountain Iron, MN 55768

29 Main-st-Mountain-iron-MN-55768
As-Is Deal
$89,000 List Price

Main St
Mountain Iron, MN 55768

3 Bed | 1 Bath

Displaying 1 - 2 of 2
 

Home Value Estimator For Mountain Iron, MN

There are currently 1,024 real estate properties in Mountain Iron, MN, with a median automated valuation model (AVM) price of $162,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mountain Iron, MN, 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 Mountain Iron, MN, is $190,611.00, with the most expensive house in Mountain Iron, MN, topping out at $3,643,400.00 and the cheapest home in Mountain Iron, MN, clocking in at $36,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Mountain Iron, MN!


Rent Prices In Mountain Iron, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mountain Iron, MN, is on a rollercoaster ride. The average rent price in Mountain Iron, MN, is $1,188.00. Indeed, when looking to rent in Mountain Iron, MN, you can expect to pay as little as $620.00 or as much as $2,200.00, with the average rent median estimated to be $1,130.00. The good news is that finding an affordable and desirable property to rent in Mountain Iron, MN -- 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.


Foreclosure Homes in Mountain Iron, MN

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Mountain Iron, MN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Mountain Iron, MN and much more. Save thousands at closing with home foreclosure listings in Mountain Iron, MN — up to 75% off market value!


Top Reasons To Live In Mountain Iron, MN In 2021

Mountain Iron is located in St. Louis, Minnesota, with an estimated municipal population of 2,834 residents. All of the best foreclosed homes for sale in Mountain Iron are located in the following zip code areas on Foreclosure.com: 55768. The estimated population per square kilometer (.62 miles) in Mountain Iron is 16.


Cost Of Living In Mountain Iron, MN

So, about how much do homes cost in Mountain Iron? The most recent median value of resident-owned homes in Mountain Iron is 143,084. An estimated 64.8 percent of households in Mountain Iron own their homes, with an average family size of 2.69. The median household income in Mountain Iron is 51,389, with23.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Mountain Iron, the median commute time of resident workers (in minutes) is 20. And last, but certainly not least, are you looking for homes to rent in Mountain Iron? If so, the average rent price paid by renters in Mountain Iron is 550, according to recent statistics.


Diversity And Demographics In Mountain Iron, Minnesota

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 Mountain Iron, 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 Mountain Iron is 46.6, split between 50.4 percent male versus 49.6 female. The percentage of residents who report being married in Mountain Iron is 51.1, with an average family size of 2.69.

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

White 95.2%
Black / African American 0.2%
Asian 2.3%
American Indian / Alaskan Native 0.7%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.5%
Other 0%

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

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

Under 10 10.9%
Aged 10-19 10.7%
20s 11.9%
30s 11.6%
40s 9.2%
50s 15.6%
60s 15.9%
70s 7.1%
80+ 6.9%

Best Schools In Mountain Iron, Minnesota

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 Mountain Iron with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Mountain Iron.


Pros And Cons Of Living In Mountain Iron, Minnesota

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

  • 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 Mountain Iron.


Reasons To Move To Mountain Iron, Minnesota, In 2021

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

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Listing types in Mountain Iron, MN

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