Iron River Real Estate
No active listings · 2 sold in the past 12mo
2
Sold (past 12mo)
146
Avg Days on Market
-20.6%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Market Dashboard
No active listings in Iron River right now.
View 2 recently sold homes →Recently Sold(2)
| Address | Sold Price | Date Sold |
|---|---|---|
| 410 Ruby Street, Iron River, MI 49935 | $175,000 | May 28, 2026 |
| 614 Coolidge Avenue, Iron River, MI 49935 | $29,000 | Dec 22, 2025 |
Frequently Asked Questions about Iron River
What is the current real estate inventory in Iron River?
Iron River currently has 0 homes listed for sale.
What school districts serve Iron River?
Multiple school districts may serve Iron River. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
How much are property taxes in Iron River?
Property taxes in Iron River are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
What is the Household Formation Gap in Iron River?
Based on Census Bureau ACS data, Iron River shows a -20.6% Household Formation Gap. Despite household size decreasing from 1.71 to 2.17, the 0.7% population decline has reduced the overall number of households needing housing. This is a secondary demographic indicator, distinct from primary market measures.