Iron, MN—55751
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Iron, MN
As of Oct '25, the median home price in Iron, MN is $225,000, with a year-over-year change of 6.1%. This indicates that home prices in Iron, MN are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $225,000 | 6.1% |
| Single Family | $226,000 | 6.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $195,000 | 6.6% |
3 Bed | $245,000 | 6.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Iron, MN
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 — Iron, MN
Iron, MN lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | 0.6% | N/A |
Days on Market | N/A | N/A |
Demographics — Iron, MN
As of the latest ACS Survey released in 2023, Iron, MN has a population of 1,360, which has decreased by -13.8% over the past 5 years. Iron, MN is a moderately popular place for families, as children make up 21.9% of the population. The area has a poorly educated workforce, with 13.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,360 | -13.8% |
% Under 18 | 21.9% | 20.3% |
% Seniors | 29.9% | 63.4% |
% WFH | 6.4% | 204.8% |
% w/ College Degree | 13.9% | -9.2% |
As of the latest ACS Survey released in 2023, Iron, MN is a predominantly white area, with 95.2% of the population identifying as white. The white population has grown by 1.4% in the last 5 years. The second most common race or ethnicity in Iron, MN is hispanic, making up 1.4% of the population. Foreign-born residents account for 0.3% of the population in Iron, MN, and this percentage has decreased by 83.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.2% | 1.4% |
% Black | 0.4% | -78.9% |
% Hispanic | 1.4% | 75.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.3% | -83.3% |
Mortgage and Risk — Iron, MN
Iron, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Iron, MN
Iron, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 3.8% |
% 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 | $1,350 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Iron, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $225,000 |
| Median Household Income | $73,000 |