Iron Mountain, MI Real Estate
According to census data in the year 2000 there were 3,816 housing units in Iron Mountain.
This represents a 0.7% growth from 3,789 in 1990.
Of those housing units, 3,804 were located in either urbanized areas or urban clusters, and 12 were located in what is classified as a rural area.
Homeownership rate in Iron Mountain is about 72%.
Iron Mountain's vacancy rate, including seasonal lodging, is about 9.2%.
Average household size is 2.26 people.
The majority of houses, apartments or condos in Iron Mountain were built after 1943.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.90% |
| One Bedroom | 8.80% |
| Two Bedrooms | 32.70% |
| Three Bedrooms | 41% |
| Four Bedrooms | 13.60% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.4 |
| Median year structure was built | 1942 |
| Median Value of occupied units | $62,400 |
| Median Price asked for vacant units | $34,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.91 |
| Median year structure was built | 1950 |
| Median Monthly Rent asked for vacant units | $364 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.40% |
| Home Equity Loan | 9.80% |
| Simple Mortgage | 42.60% |
| Debt Free | 43.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.6% |
