Mountain Iron, MN Real Estate

According to census data in the year 2000 there were 1,412 housing units in Mountain Iron. This represents a 0.7% decline from 1,422 in 1990.

Of those housing units, 971 were located in either urbanized areas or urban clusters, and 441 were located in what is classified as a rural area.

Homeownership rate in Mountain Iron is about 69.8%. Mountain Iron's vacancy rate, including seasonal lodging, is about 5.9%. Average household size is 2.27 people.

The majority of houses, apartments or condos in Mountain Iron were built after 1972.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom15.20%
Two Bedrooms27.40%
Three Bedrooms41.90%
Four Bedrooms11.80%
Five Bedrooms or more3.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.47
Median year structure was built1970
Median Value of occupied units$75,400
Median Price asked for vacant units$45,800

Rented Homes, Apartments and Condos

Average Household Size1.83
Median year structure was built1975
Median Monthly Rent asked for vacant units$440

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.90%
Second Mortgage4.20%
Home Equity Loan4.90%
Simple Mortgage43.10%
Debt Free46.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs12.8%