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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 $246,889, lower than the Wisconsin average of $280,373.
The average cost of rent is $772/mo in Iron River, primarily driven by the current value of real estate in the Iron River area. In Iron River, 19.07% of households rent, and 50.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Iron River is $5,943 per month. Households that rent pay about 12.98% of their income on rent here. Iron River’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Brule, WI: equally priced homes
- Waino, WI: equally priced homes
- Ino, WI: equally priced homes
- Port Wing, WI: equally priced homes
- Benoit, WI: equally priced homes
- Lake Nebagamon, WI: equally priced homes
- Maple, WI: equally priced homes
- Moquah, WI: equally priced homes
- Drummond, WI: equally priced homes
- Mason, WI: less expensive homes
Cities with Similar Populations
- Todd, NC: higher priced homes
- Fairlea, WV: less expensive homes
- Flovilla, GA: less expensive homes
- Garretson, SD: higher priced homes
- Gore, OK: less expensive homes
- Haysi, VA: less expensive homes
- Sparrow Bush, NY: equally priced homes
- Stanfordville, NY: higher priced homes
- Starbuck, MN: equally priced homes
- Tillson, NY: higher priced homes
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