Home prices
Iron River's median home cost is $102,600. It is about $51,520 (33%) lower compared to the surrounding areas.In comparison to the country as a whole it is approximately $114,900 (52%) lower, and in comparison to the city of Duluth it is roughly $60,700 (37%) lower.
Rents
The median rent in Iron River is $675 per month. In comparison to its surrounding areas this is is very similar.In comparison to the nation as a whole it is approximately $387 (36%) lower, and it is about $145 (17%) lower compared to the city of Duluth.
Nearby places
Brule
Brule is roughly 6 miles west of Iron River. The real estate prices there are a lot more expensive. Brule's median home price is $154,200, which is $51,600 (33%) higher than Iron River. Rents there are a bit more expensive. In Brule the median rent is $717 per month, which is $42 (5%) higher than Iron River.
Lake Nebagamon
Lake Nebagamon is roughly 12 miles west from Iron River. Its real estate prices are substantially more expensive. The median home in Lake Nebagamon is valued at $237,200, which works out to $134,600 (56%) higher than Iron River. Rent there is a bit more expensive. The median monthly rent in Lake Nebagamon is $774, which comes out to $99 (12%) higher than Iron River.
Port Wing
Port Wing is roughly 12 miles north from Iron River. Housing prices there are somewhat more expensive. Port Wing's median home value is $125,000, which works out to $22,400 (17%) higher than Iron River. Rent there is significantly less expensive. The median monthly rent in Port Wing is $363, which is $312 (85%) lower than Iron River.
Drummond
Drummond is roughly 15 miles southeast of Iron River. The housing prices there are a little less expensive. The price of the median home in Drummond is $83,800, which comes out to $18,800 (22%) lower than Iron River. The rent there is substantially less expensive. Drummond's median monthly rent is $375, which works out to $300 (80%) lower than Iron River.
Poplar
Poplar is about 15 miles west from Iron River. Housing prices there are a lot more expensive. The median home cost in Poplar is $170,400, which works out to $67,800 (39%) higher than Iron River. Rent there is substantially more expensive. Poplar's median monthly rent is $1,179, which works out to $504 (42%) higher than Iron River.
