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Ironwood city, MI

ZIP 49938 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49938

Median Home Value
$95,500
Median Rent
$510
Affordability Snapshot
$26,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$613/mo PITI).

14%
Rent-to-Income Ratio

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

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.6 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 49938 in Ironwood city, MI, a household would need roughly $26,000 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 $613. That sits below the local median household income ($44,379), 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

Vacancy rate 19% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
78.2%+20% vs US avg
x
Vacancy Rate
19.0%+85% vs US avg
x
Broadband Access
83.5%-4% vs US avg
x
4+ Bedrooms
2.8%-81% vs US avg
x
Built Pre-1939
10.7%-17% vs US avg
x
Built Post-2014
0.0%-99% vs US avg
x
Rent Burden >30%
17.4%-65% vs US avg
x
Mortgage-Free
61.1%+60% vs US avg
x
$95,500
Home Value
$510
Rent
1944
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached86.0%
  • 1-unit attached0.6%
  • 2-9 units7.3%
  • 10+ units5.2%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$95,500
Median rent$510
Owner-occupied78.2%
Vacant19.0%
Price-to-income2.2x
Est. income to buy$26,000