Iron River, Wisconsin.
Typical home $298,628 (+0.0% in a year).
to buy the typical home at today's mortgage rate — +$896 (+134%) since Jan 2020.
- 1 year
- Up $103 +0%
- $298,525$298,628 since Sep 2025
- 5 years
- Up $46,724 +19%
- $251,904$298,628 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 River$1,567
- Wisconsin$1,770
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 20 years.
Typical home values in Iron River, WI rose 0.0% over the past year — slower than the nation's +1.2%.
Living in Iron River, Bayfield County, Wisconsin
Iron River, in Bayfield County, had 768 people in the 2020 census. Half its households earn more than $50,536 a year and half less, against $71,151 across Bayfield County; 14% of its people live below the poverty line. Unemployment in Bayfield County was 3.8% in August 2026, and the county had 2.4% more jobs in 2025 than the year before. The most people in Bayfield County work in schools and health care, then restaurants and hotels.
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 It can be wrong or out of date.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 River is a small community in Bayfield County, in the far north of Wisconsin. Household incomes here run well below the county's, and a good share of residents live below the poverty line, though the typical home value is well above what the income figures alone might suggest. Few adults hold a four-year degree, and some residents work from home. Winters are cold, with January highs well below freezing and lows near zero, while summers are pleasantly warm. Rain and melted snow add up to a fair amount over the year.
Work. Residents work mostly in schools, hospitals and social care, followed by restaurants, hotels and entertainment, shops, and manufacturing. Across Bayfield County, some of the largest workplaces are the Bayfield School District, the Washburn School District and the National Park Service. Unemployment across the county has risen a little over the past year, while the number of jobs there has grown slightly.
Things to do. For time outdoors, Brule River State Forest is a protected area a short drive away, and Moquah Barrens Research Natural Area is another protected area close by. Amnicon Falls State Park, also a protected area, is a longer drive away. Together they make the surrounding woods and waterways easy to get to for walks and quiet days outside.
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- 385households
- 21%of adults have a degree
- 14%below the poverty line
- 11%work from home
What people in Bayfield County work in
Employed residents by industry, from the Census survey. Bayfield County had 4,295 jobs in 2025, 2.4% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 20° and lows near 2°; warmest in July, with highs near 78° and lows near 55°. About 33 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Brule Rs weather station, 10 miles away (NOAA).
Largest workplaces in Bayfield County
- Northern ClearingExcavation contractors275
- Northern LightsAssisted-living facilities without on-site nursing care facilities151
- Bayfield School DistrictSchool district117FTE
- Washburn School DistrictSchool district89FTE
- Drummond Area School DistrictSchool district53FTE
- National Park ServiceFederal government · Department of the Interior49
- Hansen's IGA - WashburnSupermarkets42
- Forest ServiceFederal government · Department of Agriculture37
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 6 workplaces with 20 or more staff, 571 people in all across the county; Iron River has one of its own. School districts come from the Common Core of Data (NCES, 2023–24) and federal offices from OPM's federal workforce data (2026); 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 wavesRelatively moderate
- Winter weatherRelatively moderate
- Strong windRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Bayfield County, against the rest of the country; all of them together, very low. 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 Bayfield County.
Iron River home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Iron River$298,628
- Wisconsin$337,196
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Iron River 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 River22.97%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Iron River26
New listings per month
Sellers arriving at the market.
- Iron River5
Zip codes with a Iron River address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Iron River — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.