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These days, finding an affordable place to live in the Iron Junction area can be challenging. Home prices in Iron Junction are now at a median cost of $218,688, lower than the Minnesota average of $345,793.
The average cost of rent is $1,276/mo in Iron Junction, primarily driven by the current value of real estate in the Iron Junction area. In Iron Junction, 4.52% of households rent, and 54.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Iron Junction is $6,921 per month. Households that rent pay about 18.44% of their income on rent here. Iron Junction’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Iron, MN: equally priced homes
- Leonidas, MN: less expensive homes
- Eveleth, MN: less expensive homes
- Genoa, MN: equally priced homes
- Mountain Iron, MN: equally priced homes
- Zim, MN: less expensive homes
- Parkville, MN: equally priced homes
- Forbes, MN: less expensive homes
- Virginia, MN: less expensive homes
- Gilbert, MN: less expensive homes
Cities with Similar Populations
- Calpack, CA: higher priced homes
- Weber, GA: less expensive homes
- Webbs Cross Roads, KY: less expensive homes
- Washingtonville, PA: equally priced homes
- Chamberlain, ME: higher priced homes
- Chalkhill, PA: less expensive homes
- Centerton, OH: higher priced homes
- Cedar Valley, UT: higher priced homes
- Casanova, VA: higher priced homes
- Carson, NM: higher priced homes
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