Iron Mountain, MI home prices
Typical home $184,731 · +5.1% in a year · income needed $54,900
The Iron Mountain, MI metro area ranks 703 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +5.1% in a year and +31.9% over five years. With 20% down at 7.11%, the typical home costs about $1,281 a month including 1.27% property tax (Dickinson County rate).
Mortgage on the typical Iron Mountain home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $36,946 | $147,785 | $994 | $0 | $287 | $1,281 | $54,900 |
| 10% down | $18,473 | $166,258 | $1,118 | $69 | $287 | $1,475 | $63,200 |
| 5% down | $9,237 | $175,495 | $1,181 | $73 | $287 | $1,541 | $66,000 |
| 3.5% down (FHA) | $6,466 | $181,385 | $1,220 | $82 | $287 | $1,589 | $68,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.27% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Iron Mountain area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Dickinson County, MI | $180,433 | +4.4% | 1.27% |
| Florence County, WI | $200,231 | +6.1% | 1.21% |
What can you afford in Michigan on your salary? · Michigan home prices · Salaries in Michigan
Frequently asked questions
How much is a house in Iron Mountain?
The typical home in the Iron Mountain, MI metro area is worth $184,731 (Zillow, September 2026).
What salary do you need to buy a house in Iron Mountain?
About $54,900 a year for the typical home with 20% down at 7.11%.