Iron River, MI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Iron River short-term rental market based on reliable data.

Listings

65 / 153

Reliable / Active

Cap Rate

25%

Middle-Earners Gross Yield

Revenue

$28,338

Middle-Earners Revenue

Occupancy

44%

Middle-Earners Occupancy

Home Value

$115,083

Median Home Sale Price

Top Earners

$50,275

Top-Earners Revenue

Iron River

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Iron River.

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B

Generally Investor friendly

Iron River Regulations

Iron River allows STRs countywide with moderate permitting, basic inspections, and standard safety/compliance requirements—no hard caps are mentioned—while the county’s tone is supportive of tourism, so investment risk remains manageable.

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About Iron River

Iron River is a city in Iron County in the U.S. state of Michigan. As of the 2020 census, the city population was 3,007. The city is situated at the southeast corner of Iron River Township, but is administratively autonomous.

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