Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Iron County, Michigan?
County · Census ACS 5-Year estimates
The median gross rent in Iron County, Michigan is $716/month (±$114), based on Census ACS 5-Year estimates (2024). The median home value is $109,100 (±$6,805), and the median household income is $55,940/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Average Rent in Iron County, Michigan and Neighbouring Counties
Housing Metrics for Iron County, Michigan
| Metric | Value |
|---|---|
| Median Gross Rent | $716 |
| Median Home Value | $109,100 |
| Median Household Income | $55,940 |
| Total Housing Units | 5,547 |
| Renter-Occupied Units | 860 |
| Renter-Occupied Share | 16% |
| Households Paying 50%+ Income | 131 households |
Median Rent by Bedroom Count
| Bedroom | Median Rent | YoY |
|---|---|---|
| 1 BR | $434 | +0.0% |
| 2 BR | $916 | +0.0% |
| 3 BR | $707 | +0.0% |
| 4 BR | $990 | +0.0% |
How does Iron County, Michigan compare?
Median gross rent ranked against all counties in Michigan.
Higher rent than 18% of counties in Michigan · 69th of 83
| # | County | Value |
|---|---|---|
| 1 | Washtenaw County | $1,463 |
| 2 | Oakland County | $1,376 |
| 3 | Grand Traverse County | $1,288 |
| … 65 more … | ||
| 69 | Iron County(you are here) | $716 |
| … 11 more … | ||
| 81 | Gogebic County | $623 |
| 82 | Baraga County | $616 |
| 83 | Ontonagon County | $540 |
More data for Iron County, Michigan
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Frequently asked questions
What is the average rent in Iron County, Michigan?
The median gross rent in Iron County, Michigan is $716/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Iron County, Michigan?
The median rent for a 2-bedroom in Iron County, Michigan is $916/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$107. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Iron County, Michigan?
The median home value in Iron County, Michigan is $109,100 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Iron County are rent-burdened?
In Iron County, Michigan, 131 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Iron County, Michigan?
The median household income in Iron County, Michigan is $55,940/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $716 has a margin of error of ±$114. In very small areas, MOEs can be large relative to the estimate.
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