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

 

Iron Mountain, MO Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Iron Mountain area can be challenging. Home prices in Iron Mountain are now at a median cost of $149,168, lower than the Missouri average of $194,908.

The average cost of rent is $764/mo in Iron Mountain, primarily driven by the current value of real estate in the Iron Mountain area. While nearly 48.72% of residents own their homes outright in Iron Mountain, 21.69% rent.

Housing affordability isn’t just about home prices, though. The average household income in Iron Mountain is $3,786 per month. Households that rent pay about 20.17% of their income on rent here. Iron Mountain's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.


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