
Home Price Key
These days, finding an affordable place to live in the Iron River area can be challenging. Home prices in Iron River are now at a median cost of $206,396, lower than the Wisconsin average of $220,185.
The average cost of rent is $840/mo in Iron River, primarily driven by the current value of real estate in the Iron River area. While nearly 45.55% of residents own their homes outright in Iron River, 19.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in Iron River is $4,969 per month. Households that rent pay about 16.91% of their income on rent here. Iron River's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
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Cities with Similar Populations
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