Markets/Michigan/Iron Mountain

Iron Mountain, MI-WI Real Estate Market 2026

Investor-grade market analytics for Iron Mountain, Michigan. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.

Median Home Price

$171,591

+3.0% year-over-year

12-Month Forecast

-6.1%

base case (Zillow ZHVF)

-6.1% year-over-year

Market Momentum

❄️
Cooling
3.8mo supply · Score -2/7

Migration: Top 48% nationally

Income Migration

➡️ Neutral1.09x

In-migrants avg $48,389 AGI vs out-migrants $44,374

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Opportunity Zone Market

2 ZIP codes in Iron Mountain are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

Iron Mountain Market Summary

Iron Mountain, MI-WI shows steady growth at 3.0% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability remains favorable with a price-to-income ratio of 2.77x, below the national average of 4.8x. Modest net positive migration (+8 returns/year) provides steady demand support. Climate risk remains low (25/100), favorable for long-term investment stability.

Affordability

Affordability Score100/100
Price-to-Income Ratio2.8x (national avg 4.8x)
Median Household Income$61,960

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-9.2%
Base Case-6.1%
Bull Case-3.1%

Climate & Natural Hazard Risk

Iron Mountain, MI-WI's primary climate exposure is flooding (18/100). The composite climate risk score of 25/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Iron Mountain dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.