Iron Mountain, Michigan.
Typical home $193,373 (+6.1% in a year). Iron Mountain, MI-WI metro.
to buy the typical home at today's mortgage rate — +$621 (+157%) since Jan 2020.
- 1 year
- Up $11,156 +6%
- $182,217$193,373 since Sep 2025
- 5 years
- Up $57,602 +42%
- $135,770$193,373 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Iron Mountain$1,015
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Iron Mountain, MI rose 6.1% over the past year — faster than the nation's +1.2%.
Living in Iron Mountain, Dickinson County, Michigan
Iron Mountain is a city of 7,518 people in Dickinson County. Half its households earn more than $59,405 a year and half less, against $65,156 across Dickinson County; 14% of its people live below the poverty line. 72% of its homes are lived in by their owners and 28% are rented. Unemployment in Dickinson County was 4.4% in August 2026, and the county had 0.7% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Iron Mountain is a small city in Michigan's Upper Peninsula, and its residents are somewhat older than in much of the country. Most homes are lived in by their owners, and typical home values are modest. Household incomes run below the county's, and a fair number of residents live below the poverty line. Winters are cold and snowy, with January the coldest month, while summers are warm without being hot.
Work. Many residents work in schools, hospitals and social care, followed by shops, manufacturing, and restaurants, hotels and entertainment. Among the biggest workplaces in town are Northern Star Industries, a maker of prefabricated metal buildings, the Veterans Health Administration and Dickinson County Healthcare System. Commutes are short, a smaller share of adults hold a four-year degree than in many places, and job numbers across the county slipped a little last year.
Things to do. Lake Antoine sits in or beside town, and Fumee Lake and Montgomery Lake are each a short drive away for time on the water. Pine River is also a short drive away, and the Menominee River is a longer drive for those who want a bigger stretch of river country. Anyone curious about the area's past can visit the Menominee River Park Archeological District, also a short drive away.
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- 3,582households
- 23%of adults have a degree
- 14%below the poverty line
- 16 mintypical commute
- 13%work from home
What residents work in
Employed residents by industry, from the Census survey. Dickinson County had 13,696 jobs in 2025, 0.7% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 24° and lows near 6°; warmest in July, with highs near 80° and lows near 54°. About 21 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Iron Mountain Ford Airport weather station, 3 miles away (NOAA).
Largest workplaces in Iron Mountain
- Northern Star IndustriesPrefabricated metal building and component mfg975
- M. J. Electric, LLC (Iron Mountain, MI - 251101)Utility line, construction733
- Veterans Health AdministrationFederal government · Department of Veterans Affairs695
- Dickinson County Healthcare SystemGeneral hospital556FTE
- WalmartWarehouse clubs and supercenters399
- Project Service Inc. - ALL LOCATIONSFacilities support services207
- Coborn's80
- We EnergiesDistribution of electric power72
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 10 workplaces with 20 or more staff, 3,196 people in all. Federal offices come from OPM's federal workforce data (2026) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesVery high
- HailRelatively high
- LightningRelatively high
- Winter weatherRelatively high
- Strong windRelatively moderate
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Iron Mountain’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Dickinson County and the Iron Mountain, MI-WI metro.
Iron Mountain home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Iron Mountain$193,373
- Michigan$263,760
- United States$366,157
Sellers are cutting prices on about 1 in 6 Iron Mountain listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Iron Mountain17.98%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Iron Mountain57
New listings per month
Sellers arriving at the market.
- Iron Mountain17
Zip codes with a Iron Mountain address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Iron Mountain — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.