Iron Mountain, MI
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Iron Mountain short-term rental market based on reliable data.
Listings
46 / 106
Reliable / Active
Cap Rate
10%
Middle-Earners Gross Yield
Revenue
$18,446
Middle-Earners Revenue
Occupancy
57%
Middle-Earners Occupancy
Home Value
$177,947
Median Home Sale Price
Top Earners
$34,942
Top-Earners Revenue
Iron Mountain
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Iron Mountain.
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Generally Investor friendly
Iron Mountain Regulations
Short‑term rentals are permitted citywide so long as the property conforms to zoning and the general Rental Housing Code, which requires a one‑time registration and fire inspection before occupancy. The rules impose moderate permitting steps (registration, inspection, utility lien responsibility) and zoning unit caps (1 unit in R1, 2 in R2/B1, multiple in R3/B2) but no hard citywide cap or separate STR license, making compliance predictable for investors.
Local STR Agent
STR specialist · Iron Mountain, MI
About Iron Mountain
Iron Mountain is a city and the county seat of Dickinson County, Michigan. The population was 7,518 at the 2020 census, down from 7,624 at the 2010 census. In the state's Upper Peninsula, Iron Mountain was named for the valuable iron ore found in the vicinity.Iron Mountain is the principal city of the Iron Mountain, MI–WI Micropolitan Statistical Area, which includes all of Dickinson County, Michigan and Florence County in Wisconsin. Iron Mountain hosts a few points of interest such as the Millie Hill bat cave and the Cornish Pump, and is located adjacent to the Pine Mountain Jump, one of the largest artificial ski jumps in the world. It shares Woodward Avenue with the neighboring town, Kingsford. In addition, Iron Mountain is known for its pasties, bocce ball tournaments, World Cup ski jumps, and Italian cuisine. Iron Mountain was also named a "Michigan Main Street" community by Michigan governor Jennifer Granholm in 2006. It is one of only thirteen such communities in the state of Michigan in 2008. It is also the hometown of Michigan State University men's basketball coach Tom Izzo and former NFL head coach Steve Mariucci.