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Ironwood Area Schools

Learn about the people, housing, costs and businesses in Ironwood Area Schools, Michigan

Median Home$415,017
Median Rent$1,729/month
Population55,965
Leading IndustriesEducation · Healthcare · Arts, Food & Hospitality3% education
Home Value Growth⬆⬆⬆+21.5% over 2 years
Young Adults32% of residentswell above average
Homeowners68% of occupied units
NotableHighly Educated30% bachelor's · 17% graduate · top 5% nationally
NotableHigh Incomes$117k/year · top 6% nationally
Ironwood Area Schools
MI

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Frequently Asked Questions

What are today's mortgage rates in Ironwood Area Schools?

As of today, the 30-year fixed mortgage rate for Ironwood Area Schools is approximately 6.855% (6.890% 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 Ironwood Area Schools?

The median home value in Ironwood Area Schools is $415k. The median monthly rent is $1,729. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ironwood Area Schools?

Home values in Ironwood Area Schools have increased 21.5% 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 Ironwood Area Schools?

Based on a typical all-in ownership cost of $1,749/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $75k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ironwood Area Schools is $117k/year.

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What industries drive the economy in Ironwood Area Schools?

The largest employment sectors in Ironwood Area Schools are public administration (26%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.