What percentage of people rent in Iron River, MI?

Name: Renters and owners in Iron River, MI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

30.0% (±7.0 points) of the occupied homes in Iron River, MI are rented (2020–2024 American Community Survey).

That is 394 renting households against 920 that own their home.

In Iron River, the share of households that rent went from 38.1% in 2015–2019 to 30.0% in 2020–2024 (−8.1 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 30.0% (±7.0 points)
Renting households: 394 (±94)
Median renter income: $31,389 (±$12,934)

Who rents and who owns in Iron River

Tenure, estimate (90% margin of error)
	Iron River	Iron County	Michigan	United States
Renter-occupied share	30.0% (±7.0 points)	15.5% (±2.0 points)	26.8% (±0.2 points)	34.8%
Renting households	394 (±94)	860 (±115)	1,092,179 (±7,674)	45,017,354
Owning households	920 (±129)	4,687 (±193)	2,984,190 (±12,886)	84,210,142
Average renter household size	2.2 (±0.4)	2.0 (±0.2)	2.1 (±0.0)	2.3
Average owner household size	2.2 (±0.2)	2.1 (±0.1)	2.5 (±0.0)	2.6
Median renter household income	$31,389 (±$12,934)	$30,714 (±$3,933)	$42,352 (±$376)	$52,966
Median owner household income	$58,649 (±$10,794)	$60,044 (±$3,798)	$87,130 (±$344)	$100,009

In Iron River, the renter share is higher than in Iron County (15.5%).

It is not measurably different from Michigan (26.8%).

It is not measurably different from the national figure (34.8%).

In Iron County, Iron River ranks 1 of 11 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 219 of 1,520.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Iron River has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	38.1% (±6.5 points)	30.0% (±7.0 points)	−8.1 percentage points	Not a measurable change
Median gross rent	$477 (±$46)	$486 (±$192)	+1.9%	No measurable change after inflation
Median household income	$34,940 (±$3,443)	$54,183 (±$5,287)	+55.1%	Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Iron River

Nearest places with a published estimate, compared with Iron River
Place	Distance	Households that rent	Compared with this place
Iron River	—	30.0% (±7.0 points)	—
Caspian	2.2 mi	24.7% (±7.5 points)	Not measurably different
Gaastra	3.2 mi	9.1% (±7.4 points)	Lower
Bates Township	10 mi	7.3% (±3.8 points)	Lower
Town of Tipler	10 mi	13.4% (±12.4 points)	Lower
Iron River Township	13 mi	9.6% (±5.3 points)	Lower
Town of Alvin	13 mi	19.3% (±14.3 points)	Not measurably different
Alpha	13 mi	12.2% (±8.6 points)	Lower
Crystal Falls	15 mi	19.3% (±5.5 points)	Lower

Nearby places with a measurably lower figure: Gaastra, MI (9.1%), Bates Township, MI (7.3%), Town of Tipler, WI (13.4%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Iron County, place by place

Rank	Place	Households that rent
1	Iron River	30.0% (±7.0 points)
2	Caspian	24.7% (±7.5 points)
3	Crystal Falls	19.3% (±5.5 points)
4	Hematite Township	10.0% (±6.7 points)
5 (tie)	Iron River Township	9.6% (±5.3 points)
5 (tie)	Mansfield Township	9.6% (±9.2 points)
7	Gaastra	9.1% (±7.4 points)

Showing 7 of 11 places in Iron County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Iron River

How many renters are there in Iron River?

Iron River has an estimated 394 (±94) renting households, 30.0% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Iron River?

In Iron River, the share of households that rent went from 38.1% in 2015–2019 to 30.0% in 2020–2024 (−8.1 percentage points), not a measurable change.

How big are renting households in Iron River?

A renting household in Iron River has 2.2 people on average, against 2.2 in an owned home.

How much do renters earn in Iron River?

The median renting household in Iron River, MI has an income of $31,389 (±$12,934) a year, against $58,649 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Iron River city, Michigan (place:40980, in state:26).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.