Market Summary

Iron River, Iron County, MI

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Median Home Price Price

$108,888 $108.9K

Median Monthly Rent Rent

$620 $620

GRM

14.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Iron County

Region Price Rent GRM Display
$96,178 $822 10.0x

Home prices

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Monthly rent

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GRM

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Similar markets within MI outside of Iron County

Region Price Rent GRM Display
$226,243 $1,309 14.0x
$187,342 $1,158 13.0x
$155,812 $1,193 11.0x
$166,863 $854 16.0x
$389,485 $1,568 21.0x
$189,752 $780 20.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of MI

Region Price Rent GRM Display
$158,138 $848 16.0x
$166,472 $830 17.0x
$203,036 $1,125 15.0x
$135,618 $847 13.0x
$271,827 $1,002 23.0x
$129,145 $871 12.0x
$250,025 $1,205 17.0x
$200,694 $841 20.0x
$146,372 $1,315 9.0x
$147,641 $1,059 11.0x
$188,903 $1,293 12.0x
$229,320 $1,279 15.0x
$210,583 $1,019 17.0x
$222,121 $805 23.0x
$255,042 $1,146 18.0x
$296,783 $1,021 24.0x
$273,510 $1,334 17.0x
$209,343 $705 25.0x
$184,043 $794 19.0x
$377,795 $2,171 14.0x
$176,982 $885 17.0x
$117,966 $1,299 7.0x
$148,413 $998 12.0x
$244,942 $805 25.0x
$175,275 $809 18.0x
$218,423 $1,229 15.0x
$184,532 $718 21.0x
$308,019 $1,566 16.0x
$232,080 $1,100 18.0x
$316,219 $1,481 18.0x

Home prices

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Monthly rent

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GRM

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Iron River

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Trend Insights

Median Rent in Iron River, MI is $620, with MoM change +$9 and YoY change +$70 pointing to positive momentum while volatility is low (std $19).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Iron River, MI.

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Metric
Base market Iron River, MI
Compare market Select a market
Delta vs base
Median rent
$620
N/A
Median price
$108,888
N/A
YoY change
+$70
N/A
Price-to-rent
14.6x
Data unavailable
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