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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Iron River, WI Housing Affordability Index

Iron River, Wisconsin has an MBR Housing Affordability Index score of 110.0 (Near National Average) as of October 30, 2026, ranking 488th most affordable of 695 scored Wisconsin cities, compared with 104.4 statewide and 97.4 nationally. On a median-priced $171,100 home with 20% down, the Wisconsin average 30-year fixed rate of 7.30% means a monthly principal and interest payment of about $938, or 22% of the city’s $50,536 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Iron River is updated every night from live Wisconsin mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Iron River MBR-HAI 110.0 Near National Average
Rank in Wisconsin 488 of 695 1 = most affordable
Wisconsin 104.4 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.30% Wisconsin lenders
Median home value $171,100 U.S. Census Bureau

Iron River is 5.6 points above the Wisconsin score. Scores as of October 30, 2026. See the Wisconsin index

View Iron River Mortgage Rates

What It Takes to Buy in Iron River

$938/mo
Principal & Interest
Median home, 20% down, 7.30%
$40,200
Income Needed
To keep the payment at 28% of income
$50,536
Median Household Income
Wisconsin: $77,485
3.4x
Price-to-Income Ratio
Wisconsin: 3.4x
$797/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,941/yr
Median Property Tax
1.13% of median value
33.1%
Owner Cost Burden
Owners spending 30%+ of income on housing
44.9%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Iron River, Wisconsin. The rate is the Wisconsin average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Iron River Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Iron River, Wisconsin score: 110.0 (Near National Average), ranked 488 of 695 Wisconsin cities. monitorbankrates.com/housing-affordability-index/wisconsin/iron-river”