housing costs · Michigan
Housing costs in Iron County
What it costs to live here: rent, home values and the share of income rent takes.
Median gross rent
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $716 | ± $114 | evidence → |
| 2019–2023 | $510 | ± $149 | evidence → |
| 2018–2022 | $627 | ± $178 | evidence → |
| 2017–2021 | $606 | ± $104 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $109,100 | ± $6,805 | evidence → |
| 2019–2023 | $101,500 | ± $7,949 | evidence → |
| 2018–2022 | $95,800 | ± $7,050 | evidence → |
| 2017–2021 | $84,000 | ± $6,714 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 28.8 % | ± 5.7 % | evidence → |
| 2019–2023 | 30.2 % | ± 4.0 % | evidence → |
| 2018–2022 | 23.4 % | ± 4.0 % | evidence → |
| 2017–2021 | 24.6 % | ± 4.0 % | evidence → |
In context
Median rent in Iron County is $716, below the Michigan median of $884 across 83 counties (2020–2024).
American Community Survey, five-year estimates. Each release covers five years, so consecutive releases overlap by four of them — a change from one release to the next is damped, and reading them as annual values understates swings. Margins of error are at 90 % confidence and are wide in sparsely populated counties.