Home Price Key
Affordable
Average
Expensive
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 $162,253, lower than the Minnesota average of $269,934.
The average cost of rent is $737/mo in Iron Junction, primarily driven by the current value of real estate in the Iron Junction area. While nearly 51.38% of residents own their homes outright in Iron Junction, 6.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in Iron Junction is $6,263 per month. Households that rent pay about 11.76% of their income on rent here. Iron Junction's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Iron, MN: less expensive homes
- Leonidas, MN: less expensive homes
- Eveleth, MN: equally priced homes
- Genoa, MN: higher priced homes
- Mountain Iron, MN: equally priced homes
- Zim, MN: less expensive homes
- Parkville, MN: less expensive homes
- Forbes, MN: less expensive homes
- Virginia, MN: less expensive homes
- Gilbert, MN: equally priced homes
Cities with Similar Populations
- Calpack, CA: higher priced homes
- Weber, GA: less expensive homes
- Webbs Cross Roads, KY: less expensive homes
- Washingtonville, PA: higher priced homes
- Chamberlain, ME: higher priced homes
- Chalkhill, PA: higher priced homes
- Centerton, OH: less expensive homes
- Cedar Valley, UT: higher priced homes
- Casanova, VA: higher priced homes
- Carson, NM: higher priced homes
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