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Mountain Iron, MN—55710

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$253,000
2.3% YoY Growth
Household Income
$76,700
5.6% YoY Growth
Days on Market
111
38.0% Longer YoY
Home Price Forecast
2.0%
Median 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

Other Zip Codes in Mountain Iron, MN

55768
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Mountain Iron, MN

As of Dec '25, the median home price in Mountain Iron, MN is $253,000, with a year-over-year change of 2.3%. This indicates that home prices in Mountain Iron, MN are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$253,0002.3%
Single Family $254,0002.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$235,0000.9%
    3 Bed
    		$289,0002.1%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.0%
    1 Bedroom
    7.5%
    2 Bedrooms
    27.1%
    3 Bedrooms
    46.1%
    4 Bedrooms
    16.5%
    5+ Bedrooms
    1.9%

    Rental Trends — Mountain Iron, MN

    Mountain Iron, MN lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    57.1%
    1 Bedroom
    42.9%

    Property Listings — Mountain Iron, MN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Mountain Iron, MN is 86. This is a increase of 35.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$350,00026.0%
    Listing Count
    		3-26.0%
    Listings as % of Homes0.0%-26.0%
    Days on Market
    		11138.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		1,39012.6%
    % Under 18
    		22.9%42.2%
    % Seniors
    		22.1%-11.2%
    % WFH
    		9.8%1,300.0%
    % w/ College Degree
    		31.0%14.8%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$790
    2 BedroomN/AN/A$1,010
    3 BedroomN/AN/A$1,340
    4 BedroomN/AN/A$1,710

    Affordability — Mountain Iron, MN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$253,000
    Median Household Income$76,700

    Mountain Iron, MN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Angora, MN

    55703

    Mountain Iron, MN

    55768

    Kinney, MN

    55758

    Buhl

    55713

    Chisholm, MN

    55719

    Frequently Asked Questions