Iron River, MI Real Estate
According to census data in the year 2000 there were 991 housing units in Iron River.
This represents a 10.5% decline from 1,107 in 1990.
Of those housing units, 824 were located in either urbanized areas or urban clusters, and 167 were located in what is classified as a rural area.
Homeownership rate in Iron River is about 71.8%.
Iron River's vacancy rate, including seasonal lodging, is about 11.9%.
Average household size is 2.06 people.
The majority of houses, apartments or condos in Iron River were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 11% |
| Two Bedrooms | 31.30% |
| Three Bedrooms | 35.40% |
| Four Bedrooms | 17.90% |
| Five Bedrooms or more | 3.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.03 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $43,100 |
| Median Price asked for vacant units | $35,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.15 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 3.80% |
| Simple Mortgage | 35% |
| Debt Free | 61.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.4% |
