The above shows an overview of the real estate market in Iron River, MI. Note how the median home price for Iron River, MI runs $48,200, which is 62% lower than the average property price for Michigan. So you’re going to get real estate in Iron River, MI that is on-average more affordable than what you’ll find in the rest of Michigan. As for rent, the median for Iron River, MI runs $468, which is comparatively 41% lower than the average rent for Michigan. For Iron River, MI, about 69.8% of the population consist of home owners with about 1.7 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Iron River, MI offers a wide variety of real estate. To find your perfect home in Iron River, MI, filter your choice by price, location, and number of beds and baths using the search area above.