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Iron Mountain city, MI

ZIP 49801 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49801

Median Home Value
$157,800
Median Rent
$555
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,014/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 49801 in Iron Mountain city, MI, a household would need roughly $43,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,014. That sits below the local median household income ($62,461), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
81.4%+25% vs US avg
x
Vacancy Rate
8.0%-22% vs US avg
x
Broadband Access
87.0%-0% vs US avg
x
4+ Bedrooms
2.0%-86% vs US avg
x
Built Pre-1939
5.6%-56% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
21.3%-57% vs US avg
x
Mortgage-Free
50.0%+31% vs US avg
x
$157,800
Home Value
$555
Rent
1967
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached79.2%
  • 1-unit attached0.8%
  • 2-9 units6.8%
  • 10+ units5.8%
  • Mobile home & other7.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$157,800
Median rent$555
Owner-occupied81.4%
Vacant8.0%
Price-to-income2.5x
Est. income to buy$43,000