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Iron Mountain Lake

Learn about the people, housing, costs and businesses in Iron Mountain Lake, Missouri

Median Home$87,800
Median Rent$686/month
Population644
Leading IndustriesTransportation · Construction · Agriculture & Mining4% transportation
Home Value Growth⬆⬆⬆+28.9% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners71% of occupied units
NotableTransit94/100 · excellent transit access
NotableAffordable Market$88k median home · lower cost than 95% of the country
Iron Mountain Lake
MO

Explore Iron Mountain Lake

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Iron Mountain Lake?

As of today, the 30-year fixed mortgage rate for Iron Mountain Lake is approximately 6.893% (6.929% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Iron Mountain Lake?

The median home value in Iron Mountain Lake is $88k. The median monthly rent is $686. Annual property taxes average $616. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Iron Mountain Lake?

Home values in Iron Mountain Lake have increased 28.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Iron Mountain Lake?

Based on a typical all-in ownership cost of $590/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Iron Mountain Lake is $38k/year.

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What industries drive the economy in Iron Mountain Lake?

The largest employment sectors in Iron Mountain Lake are public administration (25%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.