The Most Affordable Neighborhoods in Ironton, MN by Home Value

These days, finding an affordable place to live in the Ironton area can be challenging. Home prices in Ironton are now at a median cost of $212,872, lower than the Minnesota average of $345,793.

The average cost of rent is $1,001/mo in Ironton, primarily driven by the current value of real estate in the Ironton area. In Ironton, 19.16% of households rent, and 42.06% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Ironton is $5,933 per month. Households that rent pay about 16.87% of their income on rent here. Ironton’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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