House Prices

House Prices & Home Values Iron River, MI 2026


Average Data

average house price$68,325
average size per house1459 ft²
average price per ft²47 $ / ft²

04/21/2026 - The value range (VR) for house prices in Iron River, MI is $47/ sqft to $47/ sqft. An average home with 1459 sqft costs approximately $68,573 to $68,573. Iron River, MI includes 1 ZIP codes and it is located in Iron county. The lowest prices are found in ZIP 49935, while the highest are in ZIP 49935. The average price per sqare feet is $47. Our analysis is based on 4 property listings.

Avergage prices by ZIP codes Iron River

4993548 $ / ft²




Historical development of home values in Iron River

Year Estimated value (USD) Change vs. 2025
2010 $31,731 -53.6%
2011 $30,504 -55.4%
2012 $30,422 -55.5%
2013 $31,559 -53.8%
2014 $33,129 -51.5%
2015 $34,829 -49.0%
2016 $36,646 -46.4%
2017 $38,624 -43.5%
2018 $40,760 -40.3%
2019 $42,650 -37.6%
2020 $44,855 -34.4%
2021 $51,017 -25.3%
2022 $59,475 -13.0%
2023 $62,719 -8.2%
2024 $66,347 -2.9%
2025 $68,325 0.0%

Graph: estimated home values in Iron River over time (USD)



Example: 100% financing house in Iron River

Loan amount: $68,325

Interest rate: 6.00%

Fixed monthly payment: $409.64

Breakdown in the 1st month:
Interest portion: $341.63  –  Principal portion: $68.02

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $4,076.68 $839.04 $67,485.96
2 $4,024.93 $890.79 $66,595.17
3 $3,969.98 $945.73 $65,649.44
4 $3,911.65 $1,004.06 $64,645.38
5 $3,849.72 $1,065.99 $63,579.39
6 $3,783.98 $1,131.74 $62,447.65
7 $3,714.17 $1,201.54 $61,246.11
8 $3,640.07 $1,275.65 $59,970.46
9 $3,561.39 $1,354.33 $58,616.13
10 $3,477.85 $1,437.86 $57,178.27
11 $3,389.17 $1,526.54 $55,651.73
12 $3,295.02 $1,620.70 $54,031.03
13 $3,195.05 $1,720.66 $52,310.37
14 $3,088.93 $1,826.79 $50,483.58
15 $2,976.26 $1,939.46 $48,544.12
16 $2,856.63 $2,059.08 $46,485.04
17 $2,729.63 $2,186.08 $44,298.96
18 $2,594.80 $2,320.91 $41,978.05
19 $2,451.65 $2,464.06 $39,513.99
20 $2,299.68 $2,616.04 $36,897.95
21 $2,138.32 $2,777.39 $34,120.56
22 $1,967.02 $2,948.69 $31,171.87
23 $1,785.15 $3,130.56 $28,041.30
24 $1,592.07 $3,323.65 $24,717.65
25 $1,387.07 $3,528.64 $21,189.01
26 $1,169.43 $3,746.28 $17,442.72
27 $938.37 $3,977.35 $13,465.38
28 $693.05 $4,222.66 $9,242.72
29 $432.61 $4,483.10 $4,759.61
30 $156.10 $4,759.61 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Iron River, MI


1500 sqft3900 sqft
Ø selling price$85,305$181,468
Ø fast selling$77,550$163,321
Ø high price sale$93,061$199,614

In 2026, houses in Iron River, MI will be offered at an average price of $47 per square foot. A 1,500 sqft home priced at $85,305 is 23.14% more expensive per square foot than a 3,900 sqft home priced at $181,468. Home prices in Iron River, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $125,632. Sellers who can wait longer may achieve a higher price of up to $153,549.


Discover Iron River, MI

Iron River, MI is a charming gateway to Michigan?s Upper Peninsula with year-round outdoor adventure and small-town hospitality.
Nestled in Iron County, the city sits amid sparkling lakes, rolling forests, and scenic byways that entice road trippers and nature lovers. Visitors find a welcoming downtown with locally owned shops, cozy cafes, and historic architecture that reflect the region?s mining heritage.

Outdoor Recreation

Iron River is a prime base for fishing on Ice Lake and Chicagon Lake, hiking the Apple Blossom Trail, and paddling calm waters.
In winter, Ski Brule delivers dependable snow, family-friendly terrain, and terrain parks, while hundreds of miles of groomed snowmobile trails connect the U.P. network. Warmer months invite ATV riding, mountain biking, berry picking, and epic fall-color drives along rustic roads.

Community and Attractions

Popular events like Summerfest and the Upper Peninsula Championship Rodeo showcase local flavor, live music, and authentic Northwoods fun.
The Iron County Historical Museum and the Art Centre highlight regional culture with exhibits, workshops, and seasonal programs. Travelers will find convenient lodging, campgrounds, and vacation rentals close to trailheads, lakes, and family attractions. For the best things to do in Iron River MI, plan your trip to experience pristine nature, affordable adventures, and genuine Midwestern charm.



FAQ – Home Values in Iron River

What is the median home value in Iron River in 2026?

In 2026, the typical home value in Iron River is about $68,325 for an average home size of 1459 square feet. This corresponds to an average price of roughly $47 per square foot.

What is the average cost per square foot in Iron River?

In 2026, homes in Iron River sell for an average of around $47 per square foot, with a typical range between $47 and $47 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Iron River is about 1459 square feet, with an estimated 2026 value around $68,325.



Locations close to Iron River, MI

Ironwood, MI120 $ / ft²
Kearsarge, MI102 $ / ft²
Lake Linden, MI99 $ / ft²
Hubbell, MI28 $ / ft²
Houghton, MI192 $ / ft²
Hancock, MI107 $ / ft²
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