The Most Affordable Neighborhoods in Iron Mountain Lake, MO by Home Value

 

Iron Mountain Lake, MO Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Iron Mountain Lake area can be challenging. Home prices in Iron Mountain Lake are now at a median cost of $58,530, lower than the Missouri average of $194,908.

The average cost of rent is $632/mo in Iron Mountain Lake, primarily driven by the current value of real estate in the Iron Mountain Lake area. While nearly 65.34% of residents own their homes outright in Iron Mountain Lake, 13.77% rent.

Housing affordability isn’t just about home prices, though. The average household income in Iron Mountain Lake is $3,184 per month. Households that rent pay about 19.85% of their income on rent here. Iron Mountain Lake's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.


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