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Iron River 49935

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.Michigan
$34K
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
33
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$125K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through May 2017Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Market Trends

Sale pricesThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.MedianSales
JanFebMarAprMay
Price per square footThe middle price per square foot, for sales where the size is known. It adjusts for homes being different sizes.$/ft²
JanFebMarAprMay
Annual turnover (share of homes sold)The share of all homes here that sold in the trailing 12 months. Higher turnover means a more liquid market where homes trade hands more often.Turnover
JanFebMarAprMay
Buyer mixWho is buying. Cash means no mortgage was recorded, investor means the buyer looked like an investor, and flip means the home resold within a year.CashInvestorFlip resale
JanFebMarAprMay
Financing (share of purchase price)For buyers who borrowed: the middle share of the price they financed, and the middle share they paid up front.Loan (LTV)Down payment
JanFebMarAprMay
Preforeclosure filingsForeclosure notices filed each month. A rise can be an early sign that more owners are struggling. Auction stage counts the filings that reached a scheduled foreclosure auction.FilingsAuction stage
20162017201920202022202320252026

Housing Stock

HomesHow many homes we have records for in this area.4,849
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$125K
Median sizeThe middle home size here, measured in square feet.1,104 ft²
Median bedroomsThe middle bedroom count for homes here.2
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1978
Single familyThe share of homes here that are single-family houses.98%
CondosThe share of homes here that are condos.1.3%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.94%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.0.8%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.56%
Company ownedThe share of homes owned by a company or trust instead of a person.15%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.0%
Typical ownership tenureHow long the typical owner here has held their home.126.6 yrs

CommunityThese are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.128
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.80
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.16

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.68%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.15%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.16%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.2.3%
PopulationHow many people live in this area.6,206
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.13 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$51K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$66K
Average tempThe average temperature here across a full year.40°F
Annual precipHow much rain and melted snow falls here in a typical year.32 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.45%

Market metrics are derived from recorded arms-length deeds and refreshed nightly. Temperature blends price momentum, sales velocity, turnover and resale outcomes, ranked against all ZIP codes nationally.

How Iron River 49935 compares

By median home value, Iron River 49935 is the 2nd most expensive of 6 ZIP codes in Iron County, and its typical home is worth more than 52% of all homes in Iron County.

Home values in Iron River 49935

Share of homes at each estimated value.

Median
$42K$695K
ZIP codes in Iron County ranked by median home value
#Iron CountyMedian valueHomes
1Crystal Falls 49920$137K3,734
2Iron River 49935$125K4,849
3Alpha 49902$92K177
4Gaastra 49927$89K282
5Amasa 49903$83K207
6Caspian 49915$82K461

About the Iron River 49935 market

What is the median home price in Iron River 49935, MI?

The median sale price in Iron River 49935, MI is $34,167 (data through May 2017), based on deeds recorded with the county.

How many homes sell in Iron River 49935, MI each year?

33 homes sold in Iron River 49935, MI over the last 12 months (data through May 2017). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

How many homes are there in Iron River 49935, MI?

Iron River 49935, MI contains 4,849 residential properties, with a median of 1,104 square feet, 2 bedrooms, built around 1978. The median TopHap Estimate is $125K.

How does Iron River 49935, MI compare to the rest of Iron County?

By median home value, Iron River 49935, MI is the 2nd most expensive of 6 ZIP codes in Iron County. Its typical home is worth more than 52% of all homes in Iron County. Crystal Falls 49920 ranks just above it and Alpha 49902 just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Iron River 49935, MI?

56% of homes in Iron River 49935, MI are owner-occupied. 15% are held by a company rather than an individual.

How much equity do owners in Iron River 49935, MI hold?

94% of mortgaged homes in Iron River 49935, MI are equity-rich, meaning the loan balance is under half the home's value. 0.8% owe more than the home is worth.

Nearby markets

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Explore Iron River 49935 on the map

See every recorded sale, price heat map, school zone and flood overlay across Iron River 49935in TopHap’s interactive 3D map.

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