53Alpha

Iron County, MI Housing Market Brief

county · MI · as of August 2026

Balanced

What is Iron County, MI’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
-27.049
Inventory Health25%
+1.443
Affordability20%
+41.490
Economic Strength20%
8
Rental Yield15%
+55.588

Where is Iron County, MI in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Iron County, MI is classified as Growing strengthening, with scores rising over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.

Iron County, MI housing market data

MetricValueYoY
Median Sale Price$145K▲ +7%
Median Days on Market83 days▲ +76.6%
Months of Supply8.3▲ +48.2%
Homes for Sale143▲ +32.4%
Homes Sold18-10%
Median Price / Sq Ft$153▲ +29.1%

How has Iron County, MI’s Alpha Score moved?

Now: 53
12-period trend
Median sale price · 12 mo

Markets like Iron County, MI

Frequently asked questions

Is Iron County, MI a buyer's or seller's market?

As of August 2026, Iron County, MI is classified as a Balanced Market, based on its Alpha Score of 53 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Iron County, MI?

The median sale price in Iron County, MI is $145K, having risen 7% over the past year.

How affordable is Iron County, MI?

Iron County, MI scores 90 out of 100 on affordability — relatively affordable relative to local incomes and prevailing mortgage rates compared with other counties.

What's driving Iron County, MI's Alpha Score?

Iron County, MI's strongest dimension is Affordability (90/100) and its weakest is Economic Strength (8/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Iron County, MI? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.