Home prices
The value of the median home in Ironwood is $47,000. In comparison to its surrounding areas this is roughly $12,700 (21%) lower.It is approximately $170,500 (78%) lower compared to the entire country, and in comparison to the city of Merrill it is about $38,300 (44%) lower.
Rents
Ironwood's median rent is $510 a month. This is about $11 (2%) higher compared to nearby areas.It is about $552 (51%) lower compared to the nation as a whole, and it is about $127 (19%) lower compared to the city of Merrill.
Nearby places
Hurley
Hurley is Ironwood's neighbor to the west. Its housing prices are a little more expensive. The median home value in Hurley is $60,100, which is $13,100 (21%) higher than Ironwood. Its rents are similar. In Hurley the median monthly rent is $520, which works out to $10 (1%) higher than Ironwood.
Montreal
Montreal is roughly 3 miles west of Ironwood. Real estate prices there are a lot more expensive. The median home in Montreal is valued at $77,000, which works out to $30,000 (38%) higher than Ironwood. Its rents are somewhat more expensive. The median monthly rent in Montreal is $555, which comes out to $45 (8%) higher than Ironwood.
Bessemer
Bessemer is approximately 4 miles east from Ironwood. Its housing prices are a little more expensive. The median home in Bessemer is valued at $55,900, which is $8,900 (15%) higher than Ironwood. Its rents are somewhat less expensive. The median monthly rent in Bessemer is $395, which works out to $115 (29%) lower than Ironwood.
Iron Belt
Iron Belt is approximately 7 miles southwest from Ironwood. Real estate prices there are fairly similar. The median home in Iron Belt costs $48,600, which is $1,600 (3%) higher than Ironwood. The rent there is somewhat less expensive. The median monthly rent in Iron Belt is $475, which comes out to $35 (7%) lower than Ironwood.
Wakefield
Wakefield is about 8 miles east of Ironwood. Real estate prices there are a bit more expensive. Wakefield's median home price is $56,900, which works out to $9,900 (17%) higher than Ironwood. Its rents are a bit more expensive. Wakefield's median rent is $552 a month, which is $42 (7%) higher than Ironwood.
