Ironwood Real Estate
2 active listings · 2 sold in the past 12mo
$59,500
Median List Price
2
Sold (past 12mo)
74
Avg Days on Market
-0.2%
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.
Active Listings
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Homes for Sale(2)
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For Sale
1/7
$69,000
220 E Ridge Street, Ironwood, MI 49938
3 bd1 ba0.13 ac
Single Family
For Sale
1/7
$50,000
208 E Ridge Street, Ironwood, MI 49938
2 bd1 ba0.13 ac
Single Family
Recently Sold(2)
| Address | Sold Price | Date Sold |
|---|---|---|
| 110 W Francis Street, Ironwood, MI 49938 | $138,000 | Apr 23, 2026 |
| 225 E Ridge Street, Ironwood, MI 49938 | $161,900 | Sep 2, 2025 |
Frequently Asked Questions about Ironwood
Are there homes available in Ironwood right now?
Buyers in Ironwood can choose from 2 active listings. The median asking price is $59,500.
What schools are in Ironwood?
Multiple school districts may serve Ironwood. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
What are property taxes like in Ironwood?
Property taxes in Ironwood 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 does demographic data show about housing demand in Ironwood?
Based on Census Bureau ACS data, the Household Formation Gap in Ironwood is -0.2%, indicating stable demographic housing demand. Household size moved from 1.98 to 1.82. HFG is a secondary market indicator reflecting household formation, not a primary market measure.