Home prices
The median home in Iron River is valued at $54,000. Compared to its nearby areas this is roughly $3,560 (7%) higher.It is approximately $163,500 (75%) lower in comparison to the nation as a whole, and in comparison to the city of Marquette is roughly $133,300 (71%) lower.
Rents
Iron River's median monthly rent is $477. It is roughly $111 (18%) lower compared to nearby areas.It is roughly $585 (55%) lower compared to the country as a whole, and it is approximately $318 (40%) lower in comparison to the city of Marquette.
Nearby places
Caspian
Caspian is Iron River's neighbor to the south. Its housing prices are somewhat less expensive. The value of the median home in Caspian is $43,100, which comes out to $10,900 (25%) lower than Iron River. Its rents are a little more expensive. In Caspian the median rent is $513 a month, which comes out to $36 (7%) higher than Iron River.
Gaastra
Gaastra is roughly 2 miles southeast of Iron River. The housing prices there are a bit less expensive. Gaastra's median home value is $49,000, which comes out to $5,000 (10%) lower than Iron River. Rents there are substantially more expensive. Gaastra's median rent is $950 a month, which works out to $473 (49%) higher than Iron River.
Amasa
Amasa is roughly 10 miles northeast of Iron River. The real estate prices there are similar. The value of the median home in Amasa is $56,600, which is $2,600 (4%) higher than Iron River. Rent there is a bit less expensive. Amasa's median monthly rent is $425, which works out to $52 (12%) lower than Iron River.
Alpha
Alpha is about 11 miles east of Iron River. Its real estate prices are substantially less expensive. Alpha's median home value is $40,500, which is $13,500 (33%) lower than Iron River. The rent there is a little more expensive. In Alpha the median monthly rent is $517, which comes out to $40 (7%) higher than Iron River.
Crystal Falls
Crystal Falls is about 12 miles east from Iron River. Housing prices there are a little more expensive. The median home value in Crystal Falls is $63,000, which works out to $9,000 (14%) higher than Iron River. The rent there is somewhat more expensive. In Crystal Falls the median rent is $533 per month, which is $56 (10%) higher than Iron River.
