Ironwood, MI
- Overview
- Performance
- Listings
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Key Performance Metrics
Market snapshotPerformance indicators for the Ironwood short-term rental market based on reliable data.
Listings
210 / 521
Reliable / Active
Cap Rate
25%
Middle-Earners Gross Yield
Revenue
$24,610
Middle-Earners Revenue
Occupancy
48%
Middle-Earners Occupancy
Home Value
$98,860
Median Home Sale Price
Top Earners
$47,178
Top-Earners Revenue
Ironwood
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Ironwood.
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Generally Investor friendly
Ironwood Regulations
STRs are explicitly allowed citywide without city permits, caps, or zoning restrictions; operations rely mainly on standard housing and Michigan’s 6% use‑tax compliance, which is moderate and well‑defined, keeping barriers low and the tone supportive.
Local STR Agent
STR specialist · Ironwood, MI
About Ironwood
Ironwood is a city in Gogebic County in the Upper Peninsula of the U.S. state of Michigan, about 18 miles (29 km) south of Lake Superior. The city is on US Highway 2 across the Montreal River from Hurley, Wisconsin. It is the westernmost city in Michigan, situated on the same line of longitude (90.2 degrees West) as Clinton, Iowa and St. Louis, Missouri. The population was 5,045 at the 2020 census, down from 5,387 at the 2010 census. The city is bordered by Ironwood Township to the north, but the two are administered autonomously. While originally an iron mining town, the area is now known for its downhill skiing resorts, including Big Powderhorn, Black River, Snow River, Mount Zion and Whitecap as well as its cross country skiing at the Wolverine Nordic Trail System and the ABR Nordic Center. Ironwood is home of the "World's Tallest Indian," a 52 ft (15.8 m) fiberglass statue of tribal leader Hiawatha.