Mountain Iron, MN—55710
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Mountain Iron, MN
Home Price Trends — Mountain Iron, MN
As of Oct '25, the median home price in Mountain Iron, MN is $257,000, with a year-over-year change of 1.8%. This indicates that home prices in Mountain Iron, MN are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $257,000 | 1.8% |
| Single Family | $257,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $241,000 | 0.4% |
3 Bed | $294,000 | 1.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mountain Iron, MN
Mountain Iron, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mountain Iron, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Mountain Iron, MN is 65. This is a increase of 66.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 59.0% |
Listing Count | 5 | 16.0% |
| Listings as % of Homes | 0.0% | 16.0% |
Days on Market | 65 | 66.0% |
Demographics — Mountain Iron, MN
As of the latest ACS Survey released in 2023, Mountain Iron, MN has a population of 1,390, which has increased by 12.6% over the past 5 years. Mountain Iron, MN is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 31.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,390 | 12.6% |
% Under 18 | 22.9% | 42.2% |
% Seniors | 22.1% | -11.2% |
% WFH | 9.8% | 1,300.0% |
% w/ College Degree | 31.0% | 14.8% |
As of the latest ACS Survey released in 2023, Mountain Iron, MN is a predominantly white area, with 96.0% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Mountain Iron, MN is hispanic, making up 0.6% of the population. Foreign-born residents account for 0.9% of the population in Mountain Iron, MN, and this percentage has increased by 28.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.0% | -2.4% |
% Black | 0.3% | 0.0% |
% Hispanic | 0.6% | 0.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.9% | 28.6% |
Mortgage and Risk — Mountain Iron, MN
According to HUD data as of 2023, there were 50 mortgage originations in Mountain Iron, MN, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Mountain Iron, MN. Investor activity is low, as 0.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 50 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 0.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Mountain Iron, MN
Mountain Iron, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,340 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Mountain Iron, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $257,000 |
| Median Household Income | $76,700 |