Iron County, Wisconsin Housing Market Prices
Iron County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 13% above the Wisconsin median$193,420
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Median rent 39% below the Wisconsin median Among the top 3 cheapest counties in Wisconsin$662
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Iron County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $193,420 | $170,479 | $248,835 |
| Price Trend (Annual %) | 1.4% | 4.2% | 7.5% |
| Median Gross Rent | $662 | $1,087 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Iron County is about 13% higher than in Wisconsin. Rent is about 39% lower than the Wisconsin average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Iron County, up about 1.4% and 3.8% a year respectively. Rent is changing faster.
Median rent in Iron County rose about 36.5% between 2015 and 2024, from $485 to $662. Over the same span, rent in Wisconsin rose about 40.2%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Iron County.
Buying the median-priced home in Iron County costs roughly 24.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Iron County. The price-to-rent ratio in Wisconsin is about 13.1.
| Metric | Iron County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $193,420 | $170,479 | $248,835 |
| Median Household Income | $60,580 | $77,698 | $80,455 |
| Price-to-Income Ratio | 3.2 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Iron County rose about 29.6%, while median household income rose about 60.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Iron County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.4% | 60.5% | 58.5% |
| Rental Rate | 6.4% | 28.7% | 31.2% |
| Vacancy Rate | 44.1% | 10.8% | 10.2% |
| Median Tenure (years) | 20.0 | 16.0 | 15.0 |
| Median Year Moved In | 2006 | 2010 | 2011 |
Iron County has a homeownership rate of 49.4%, lower than the Wisconsin average of 60.5%. Its housing vacancy rate is 44.1%, compared with 10.8% in Wisconsin.
Housing Stock
| Metric | Iron County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.96 people | 2.33 people | 2.53 people |
| Median Structure Built Year | 1966 | 1974 | 1978 |
| Median Number of Rooms | 5.3 | 5.6 | 5.5 |
The typical housing unit in Iron County was built around 1966. On average, 2.0 people live in a home with about 5.3 rooms, staying for about 20.0 years on average.
Iron County, WI Housing Compared With Nearby Counties
How Iron County, WI compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Iron County, WI | 6,210 | $193,420 #3/3 | $662 #3/3 | 88.5% #1/3 |
| Vilas County, WI | 23,647 | $215,000 | $846 | 84.0% |
| Oneida County, WI | 38,164 | $258,637 | $884 | 82.3% |
Frequently Asked Questions
Common questions about the housing market in Iron County, Wisconsin.
What is the median home price in Iron County, Wisconsin?
The median home price in Iron County, Wisconsin is $193,420, higher than the Wisconsin average of $170,479.
What is the average home price in Iron County, Wisconsin?
The typical home price in Iron County, Wisconsin, reported as the median sale price, is $193,420. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Iron County, Wisconsin?
The median gross rent in Iron County, Wisconsin is $662 per month, lower than the Wisconsin average of $1,087.
What was the median gross rent in Iron County in 2020?
In 2020, the median gross rent in Iron County, Wisconsin was $533 per month.
What is the price-to-rent ratio in Iron County, Wisconsin?
The price-to-rent ratio in Iron County, Wisconsin is about 24.4, meaning it would take roughly 24.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Iron County.
Are home prices or rent rising faster in Iron County, Wisconsin?
Both home prices and rent are rising in Iron County, up about 1.4% and 3.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Iron County, Wisconsin?
49.4% of households in Iron County, Wisconsin own their home, lower than the Wisconsin average of 60.5%.
What is the vacancy rate in Iron County, Wisconsin?
The housing vacancy rate in Iron County, Wisconsin is 44.1%, higher than the Wisconsin average of 10.8%.
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